28th Dec 2011 10:18
TO: Regulatory Information Service
PR Newswire
RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules
The notification listed below was received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
Diageo plc (the "Company") announces that it received notification today that on 28 December 2011, I M Menezes, a Person Discharging Managerial Responsibilities ("PDMR"), acquired an interest in the Company's ordinary shares of 28 101/108 pence ("Ordinary Shares") (in the form of American Depositary Shares ("ADS")*) by way of a one-off award under the Company's Discretionary Incentive Plan ("DIP"), approved by shareholders on 14 October 2009. There are performance conditions attached to the release of this award under the DIP, and the award will vest, subject to achievement of the performance conditions, as shown below.
Name of PDMR Number of ADSs Maximum percentage Maximum percentage
vesting in 2014 vesting in 2015 I Menezes 16,063 40% 60%
*1 ADS is the equivalent of 4 Ordinary Shares.
J NichollsDeputy Company Secretary28 December 2011
XNYSRelated Shares:
Diageo