20th Nov 2009 15:37
TO: Regulatory Information Service
PR Newswire
RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules
The notification below was received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
Diageo plc (the "Company") announces that it received notification on 19 November 2009 from Larry Schwartz, a Person Discharging Managerial Responsibilities, that he had exercised options on 18 November 2009 over 13,256 American Depositary Shares ("ADS"*) granted on 11 October 2004 at a price per ADS of $50.92 under the Company's Executive Share Option Plan.
Mr Schwartz subsequently sold 13,100 ADSs on 18 November 2009, at a price per ADS of $68.88. He retains the balance of 156 ADSs.
As a result of the above transaction, the interests of Mr Schwartz in the Company's ADSs (excluding options, awards under the Company's LTIPs and interests as potential beneficiaries of the Company's Employee Benefit Trusts) has increased to 4,355.
*1 ADS is the equivalent of 4 ordinary shares of 28 101/108 pence in the Company.
P D TunnacliffeCompany Secretary
20 November 2009
vendorRelated Shares:
Diageo