15th Nov 2011 10:00
EBT Release
Notification of transactions of directors, persons discharging managerial responsibility or connected persons in accordance with DTR 3.1.
The independent trustee of the SABMiller plc Employees' Benefit Trust ("EBT") notified the Company on 14 November 2011 that it had on 14 November 2011 exercised its discretion and released 96,025 ordinary shares in SABMiller plc to a director and persons discharging managerial responsibility (PDMRs) participating in the Performance Share Award Plan 2008, as summarised in the table below. These shares relate to conditional awards made in 2008 to the director and PDMRs named below.
Name of Director or PDMR | Shares released on 14 November 2011 | Shares sold on 14 November 2011 | Shares retained | Total beneficial holding as at 14 November 2011 |
E.A.G. Mackay* | 50,100 | 26,052 | 24,048 | 1,537,375 |
M. J. Bowman | 20,875 | 9,102 | 11,773 | 68,323 |
J. Davidson | 4,175 | 2,171 | 2,004 | 69,312 |
A. Mervis | 20,875 | 7,307 | 13,568 | 193,340 |
* Director
Price per share for shares sold on 14 November 2011: £22.51
Date of transaction: 14 November 2011
Place of transactions: London, England
In accordance with the terms of the share awards sufficient shares were sold to meet tax liabilities. The shares sold were purchased by the EBT. Following these transactions, the EBT holds a total of 5,938,865 ordinary shares in SABMiller plc in which certain senior employees including the following directors and PDMRs have an interest as potential beneficiaries: Mr E.A.G. Mackay, Mr. J.S. Wilson, Mr. N. J. Adami, Mr. M. J. Bowman, Dr. A. J. Clark, Ms. S. M. Clark, Mr J. Davidson, Mr D. De Lorenzo, Mr N.T. Fell, Mr. C.A. van Kralingen, Mr K. G. Lippert and Mr A. Mervis.
Related Shares:
SAB.L