5th Dec 2011 14:28
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 on 5 December 2011 that Larry Schwartz, a person discharging managerial responsibility, exercised options on 1 December 2011 over 14,668 American Depositary Shares ("ADS")* under the Company's Senior Executive Share Option Plan ("SESOP"). The options were granted on 27 October 2008 at an exercise price of $56.84 per share.
Mr Schwartz subsequently sold 13,668 ADSs on 1 December 2011, at a price per ADS of $85.85. Mr Schwartz retains the balance of 1,000 ADSs.
As a result of the above transactions, the interests of Mr Schwartz's in ordinary shares of 28 101/108 pence each in the Company ("Ordinary Shares") and ADSs (excluding options, awards under the Company's LTIPs and interests as a potential beneficiary of the Company's Employee Benefit Trusts) have increased to 8,970 ADSs.
J NichollsDeputy Secretary5 December 2011
*1 ADS is the equivalent of 4 Ordinary Shares.
XNYSRelated Shares:
Diageo