19th Sep 2006 15:56
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 today:1) the directors shown below were granted the following options over theCompany's ordinary shares of 28 101/108 pence ("Ordinary Shares") under theCompany's Senior Executive Share Option Plan (the "SESOP"), approved byshareholders on 9 November 1999: Name of Director No. of Ordinary Shares N C Rose 243,951 P S Walsh 423,387 2) the Persons Discharging Managerial Responsibilities ("PDMR") shown belowwere granted the following options over Ordinary Shares or American DepositaryShares ("ADS") under the SESOP: Name of PDMR No. of Ordinary Shares S Fletcher 107,795 J Grover 87,903 A Morgan 120,967 G Williams 96,774 No. of ADS* R Malcolm 28,505 I Menezes 46,621 T Proctor 35,272 Each option was granted at a price of ‚£9.30 per Ordinary Share (or $70.38 perADS) and is exercisable between 19 September 2009 and 18 September 2016,subject to the satisfaction of performance criteria.3) the directors shown below acquired an interest in Ordinary Shares in theform of awards under the Company's Long Term Incentive Plan, known as the TotalShareholder Return plan (the "TSR Plan"), approved by shareholders on 11 August1998, as follows: Name of Director No. of Ordinary Shares N C Rose 213,027 P S Walsh 462,147 4) the PDMRs shown below acquired an interest in Ordinary Shares or ADSs in theform of awards under the TSR Plan, as follows: Name of PDMR No. of Ordinary Shares S Fletcher 105,897 J Grover 86,355 A Morgan 118,838 G Williams 95,070 No. of ADS* R Malcolm 26,298 I Menezes 43,011 T Proctor 32,541 The numbers shown above for each director and PDMR is the maximum number ofshares which could be transferred upon achieving top performance (1st or 2ndposition) by reference to Diageo's seventeen company peer group used in theperformance test for the 2006 awards under the TSR Plan. At position 9 withinthe TSR peer group 23.3% of the above shares would be transferred.The performance period commenced on 1 July 2006 and, subject to the rules ofthe TSR Plan and depending on Diageo's TSR performance relative to its peergroups, the awards will be released in September 2009.5) Mr I Menezes, a PDMR, acquired an interest in 62,162 ADSs in the form of aone-off award under the Company's Discretionary Incentive Plan ("DIP"), adoptedon 9 November 1999.There are no performance conditions attached to the release of this award underthe DIP, and the award will vest in three instalments: 20% in September 2009,30% in September 2010 and 50% in September 2011.6) Mr PS Walsh, a director, notified the Company that on 19 September 2006, hesold 100,000 Ordinary Shares at a price per share of ‚£9.41.As a result of this sale, Mr Walsh's interests in the Company's Ordinary Shares(excluding options, awards under the Company's LTIPs and interests as apotential beneficiary of the Company's employee benefit trusts) is 563,097.* (1 ADS is the equivalent of 4 Ordinary Shares)19 September 2006ENDDIAGEO PLCRelated Shares:
Diageo