3rd May 2016 12:15
SABMiller plc (the "Company")
Notification of transactions of directors, persons discharging managerial responsibilities ("PDMR") or connected persons in accordance with DTR 3.1.4R
The independent trustee of the SABMiller plc Employees Share Purchase Plan Trust notified the Company on 3 May 2016 that a PDMR purchased Partnership Shares and was allocated Matching Shares in the SABMiller plc Employee Share Purchase Plan (the "Plan") on 3 May 2016.
The Plan is an HMRC tax-advantaged Share Incentive Plan under which qualifying UK employees are able to purchase SABMiller plc ordinary shares of US$0.10 each ("Partnership Shares") either monthly or in lump sums out of pre-tax salary (limited to an aggregate maximum of £1,800 per year). Under normal circumstances the acquired Partnership Shares must remain in the Trust for five years from acquisition to receive the full tax benefits. The Company provides one SABMiller plc ordinary share, free of charge ("Matching Shares"), for every seven Partnership Shares purchased. Matching Shares are forfeitable in certain circumstances if Partnership Shares are withdrawn from the Trust within five years. Details of the Partnership Shares purchased by, and Matching Shares allocated to, the PDMR are summarised in the table below.
Name of PDMR | Nature of purchase | Number of shares acquired | Matching shares | Price per share |
John Davidson | Lump Sum | 43 | 6 | £41.855 |
Directors and PDMRs are bound by the Company's Share Dealing Code (the "Code") and may not change their monthly deductions from salary or elect to make a lump sum contribution during close periods or when otherwise prohibited from dealing by the Code.
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
3 May 2016
Related Shares:
SAB.L