15th Jul 2005 09:00
SABMiller PLC15 July 2005 SABMiller plc Notification of Transactions of Directors in accordance with DR3.1.4RNotification of directors' interests: Companies Act 1985 s329 EBT Release The independent trustee of the SABMiller plc Employment Benefit Trust (the "EBT"), notified the company on 13 July 2005 that it had on the 12 July 2005exercised its discretion and released 400,000 ordinary shares in SABMiller plcto executive directors participating in the Performance Share Award Scheme.These shares relate to exceptional conditional awards made on 9 July 2002 to theGroup CEO, Mr. E.A.G. Mackay and the Group CFO, Mr. M.I. Wyman, as previouslyapproved by shareholders at the company's EGM on 01 July 2002. The shares were released in line with the Remuneration Committee's decision on17 May 2005 that all 400,000 special performance shares would vest on the thirdanniversary date of the award, having both met the TSR and overall financialperformance conditions in full and recognising that both Mr. Mackay and Mr.Wyman would still be in service on the anniversary date. Director Shares released to Shares sold on behalf of Shares retained by director the directors to meet PAYE director and NIC liabilityMr. E.A.G. Mackay 240,000 98,457 141,543Mr. M.I. Wyman 160,000 65,638 94,362 Price per share for shares sold: £8.77 per ordinary shareDate of sale: 13 July 2005Date company informed of sale: 14 July 2005 The revised total shareholding for each director pursuant to the release ofshares under the EBT and subsequent sale to meet PAYE and NIC liability, is asfollows Director Beneficial Holding Mr. E.A.G. Mackay 249,751Mr. M.I. Wyman 260,598 The shares sold on behalf of the directors to meet PAYE and NIC liability werepurchased by the EBT. Following these transactions, the EBT holds a total of3,679,317 ordinary shares in SABMiller plc in which certain senior employees,including the following directors and Persons Discharging ManagerialResponsibility ("PDMR's"), have an interest as potential beneficiaries: Mr.E.A.G. Mackay, Mr. M.I. Wyman, Mr. N.J. Adami, Ms. S. Clark, Dr. A. Clark, Mr. J Nel, Mr. A.C. Parker, Mr. A.O.C. Tonkinson, Mr. C.A. van Kralingen. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SAB.L