22nd Sep 2015 16:13
TO: Regulatory Information Service
RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules
The notifications listed below were received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
Diageo plc (the "Company") announces that;
1. It received notification on 22 September 2015 of the release of ordinary shares of 28 101/108 pence each in the Company ("Ordinary Shares") and American Depositary Shares ("ADSs")* to the persons discharging managerial responsibility ("PDMRs") under the Company's 2008 Performance Share Plan ("PSP") on 21 September 2015 as set out below. The awards were made on 20 September 2012 and vested at a level of 33%. Also released were the Ordinary Shares and ADSs that were accrued in respect of notional dividends under the PSP during the period. The balance of each award has lapsed.
Name of PDMR | Number of Ordinary Shares released | Number of Ordinary Shares in respect of notional dividend | Number of Ordinary Shares sold# | Balance of Ordinary Shares retained and beneficially owned |
S Fischer | 2,087 | 204 | 403 | 1,888 |
A Gavazzi | 2,785 | 272 | 1,286 | 1,771 |
A Manz | 1,940 | 189 | 728 | 1,401 |
J O'Keeffe | 1,951 | 191 | 1,117 | 1,025 |
L Wood | 1,672 | 163 | 865 | 970 |
Name of PDMR | Number of ADS released | Number of ADS in respect of notional dividend | Number of ADS shares sold# | Balance of ADS shares retained and beneficially owned |
B Franz | 4,713 | 469 | 2,543 | 2,639 |
J Kennedy | 801 | 79 | 880 | 0 |
The Ordinary Shares were sold at a price per share of £17.83 and the ADSs were sold a price per ADS of $109.76.
2. It received notification on the 22 September 2015 of the release of Ordinary Shares and ADSs to PDMRs under the Diageo Executive Long Term Incentive Plan ("DELTIP") on 21 September 2015 as set out below. The awards were made the dates set out below in the form of restricted stock units ("RSUs").
Name of PDMR | Date of Award | Number of Ordinary Shares released | Number of Ordinary Shares sold# | Balance of Ordinary Shares retained and beneficially owned |
D Cutter | 1 October 2012 | 6,042 | 2,865 | 3,177 |
S Fischer | 20 September 2012 | 5,461 | 960 | 4,501 |
A Gavazzi | 20 September 2012 | 7,055 | 2,968 | 4,087 |
A Manz | 20 September 2012 | 3,993 | 1,365 | 2,628 |
J O'Keeffe | 20 September 2012 | 2,290 | 1,194 | 1,096 |
Name of PDMR | Number of ADS released | Number of ADS sold# | Balance of ADS retained and beneficially owned | |
J Kennedy | 20 September 2012 | 4,358 | 2,139 | 2,219 |
S Saller | 1 October 2012 | 1,818 | 892 | 926 |
The awards to Mr Gavazzi and Mr Kennedy partially comprised of awards that were subject to performance conditions. Mr Gavazzi's award vested at 33% and Mr Kennedy's award vested at 100% following the application of these performance conditions.
The Ordinary Shares were sold at a price per share of £17.83 and the ADSs were sold a price per ADS of $109.76.
The Ordinary Shares referred to in items 1 and 2 above were purchased on the London Stock Exchange.
As a result of the above transactions the interests of the directors and PDMRs in the Company's Ordinary Shares and ADS's (excluding options, awards under the Company's LTIPs and interests as potential beneficiaries of the Company's Employee Benefit Trusts) are as follows:
Name of PDMR | No. of Ordinary Shares |
D Cutter | 15,295 |
S Fischer | 17,368 |
A Gavazzi | 68,983 (of which 35,442 held as ADS) |
J Kennedy | 58,206 (of which 53,610 are held as ADS)** |
A Manz | 26,405 |
J O'Keeffe | 11,937 |
L Wood | 5,712 |
Name of PDMR | No. of ADS |
B Franz | 13,056 |
S Saller | 18,610 |
C Matthews
Assistant Company Secretary
22 September 2015
*1 ADS is the equivalent of 4 Ordinary Shares.
** The above interests for Mr Kennedy include 47 additional ADSs, shown as Ordinary Shares, following his annual validation of his 401K account.
# Ordinary Shares/ADS have been sold to meet the requirement to reimburse the Company for PAYE tax and National Insurance/social security liabilities on awards released under the PSP, DIP and also the DELTIP. Mr Kennedy sold all of the Ordinary Shares vested to him under the PSP.
Related Shares:
Diageo