30th Mar 2016 10:35
SABMiller plc
Notification of transactions of directors, persons discharging managerial responsibility or connected persons in accordance with DTR 3.1.4R and paragraph 26 of the Model Code, undertaken in accordance with a trading Plan entered into on 23 March 2016
SABMiller announced on 24 March 2016 that Mr Alan Clark, Chief Executive Officer and a director of the Company, intended to exercise 100,000 outstanding share options prior to the imminent expiry of those options and the start of the Company's upcoming close period.
SABMiller plc was notified on 29 March 2016 that Mr Clark had on 29 March 2016 exercised options to purchase 100,000 SABMiller ordinary shares at an option price of £10.61 per share.
51,352 ordinary shares in the Company were subsequently sold at a price of £42.15 per share on 29 March 2016 in London with the proceeds being used to cover the exercise price and to meet applicable income tax and social security taxes arising on the exercise, and the balance of the shares were transferred by Mr Clark into The Clark Family Trust, a person connected with him.
Name of contact and telephone number for queries
Pamela Steyn 01483 264000
Name of duly authorised officer of issuer responsible for making notification
Stephen Shapiro, Group Company Secretary
30 March 2016
Related Shares:
SAB.L