12th Sep 2005 11:58
TO: Regulatory Information Service PR Newswire RE: PARAGRAPH 3.1.4 OF THE DISCLOSURE RULES The notifications listed below are each in respect of a single transaction ofwhich notification was received under Paragraph 3.1.2 of the Disclosure Rulesand, in respect of directors of Diageo plc only, Section 324 of the CompaniesAct 1985.Diageo plc (the "Company") announces that:1. Mr P S Walsh, a director, notified the Company on 9 September 2005 that:a. on 9 September 2005, he exercised options over 50,000 Ordinary Sharesof 28 101/108 pence each in the Company ("Ordinary Shares") granted on 20December 1999 at a price per share of ‚£5.18 under the Senior Executive ShareOption Plan of the Company; andb. on 9 September 2005, he sold 40,000 Ordinary Shares at a price pershare of ‚£8.24.Mr Walsh will retain beneficial ownership of the balance of 10,000 OrdinaryShares.2. It received notification on 12 September 2005 from Bailhache LabesseTrustees Limited, as trustee of the Employee Benefit Trust ("Bailhache"):a. that they had transferred 50,000 Ordinary Shares to a beneficiary ofthe Employee Benefit Trust on 9 September 2005, following an exercise ofoptions under the Company's Senior Executive Share Option Plan; andb. that they have accepted 39,538 Ordinary Shares from another employeebenefit trust of the Company which has now satisfied its obligations.As a result of the above transactions the total holding of the Employee BenefitTrust amounts to 7,362,748 Ordinary Shares.3. It received notification on 12 September 2005 of the following allocationsof Ordinary Shares under the Diageo Share Incentive Plan (the "Plan"), namely:(i) the following directors of the Company were allocated Ordinary Shares on 12September 2005 under the Plan, by Diageo Share Ownership Trustees Limited (the"Trustee"):Name of Director Number of Ordinary Shares N C Rose 23 P S Walsh 23 (ii) the following "Persons Discharging Managerial Responsibilities" wereallocated Ordinary Shares on 12 September 2005 under the Plan, by the Trustee:Name of Person Number of Ordinary Shares S Fletcher 23 J Grover 23 A Morgan 23 G Williams 23 The number of Ordinary Shares allocated comprises those purchased on behalf ofthe employee using an amount which the employee has chosen to have deductedfrom salary ("Sharepurchase") and those awarded to the employee by the Company("Sharematch") on the basis of one Sharematch Ordinary Share for every twoSharepurchase Ordinary Shares.The Sharepurchase Ordinary Shares were purchased and the Sharematch OrdinaryShares were awarded at a price per share of ‚£8.26.The Ordinary Shares are held by the Trustee and in the name of the Trustee.Sharepurchase Ordinary Shares can normally be sold at any time. SharematchOrdinary Shares cannot normally be disposed of for a period of three yearsafter the award date.As a result of the above, interests of directors and "Persons DischargingManagerial Responsibilities" in the Company's Ordinary Shares (excludingoptions, awards under the Company's LTIPs and interests as potentialbeneficiaries of the Company's Employee Benefit Trusts) are as follows:Name of Director Number of Ordinary Shares N C Rose 243,883 P S Walsh 745,133 S Fletcher 97,117 J Grover 136,737 A Morgan 115,591 G Williams 169,154* (*of which 5,423 are held in the form of American Depository Shares ("ADS"). 1ADS is the equivalent of 4 Ordinary Shares.)4. It received notification on 12 September 2005 from Lord Blyth, a director ofthe Company, that he has purchased 3,310 Ordinary Shares on 12 September 2005under an arrangement with the Company, whereby he has agreed to use an amounteach month, net of tax, from his director's fees to purchase Ordinary Shares.Lord Blyth has agreed to retain the Ordinary Shares while he remains a directorof the Company.The Ordinary Shares were purchased at a price per share of ‚£8.26.As a result of this purchase, Lord Blyth's interest in Ordinary Shares hasincreased to 113,513.5. It received notification on 12 September 2005 from Todd Stitzer, a directorof the Company, that he has purchased 120 Ordinary Shares on 12 September 2005under an arrangement with the Company, whereby he has agreed to use an amountof ‚£1,000 per month, net of tax, from his director's fees to purchase OrdinaryShares.The Ordinary Shares were purchased at a price per share of ‚£8.26As a result of this purchase, Mr Stitzer's interest in Ordinary Shares hasincreased to 1,967.12 September 2005ENDDIAGEO PLCRelated Shares:
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