4th Jun 2009 14:30
SABMiller plc
EBT Release and Additional Award
Notification of Transactions of Directors/PDMRs in accordance with DTR3.1
EBT Release
The independent trustee of the SABMiller plc Employees' Benefit Trust (the "EBT"), notified the company on 3 June 2009 that it had on 1 June 2009 exercised its discretion and released 236,244 ordinary shares in SABMiller plc to directors and persons exercising managerial responsibility (PDMRs) participating in the Performance Share Award Scheme and the Performance Share Award Sub-Scheme. These shares relate to conditional awards made on 19 May 2006 to the directors and PDMRs named below.
The shares were released in line with the Remuneration Committee's decision on 12 May 2009 that a proportion of the performance shares would vest on the third anniversary date of the awards, having partially achieved the performance conditions attached to the awards.
|
Name of Directors and PDMRs |
Shares awarded on 19 May 2006 subject to testing against performance conditions on 19 May 2009 |
Shares lapsed due to non achievement of performance conditions |
Shares released to Director/ PDMR |
Shares sold / sufficient shares sold to meet PAYE and NIC liability (where applicable) |
Shares retained by Director/ PDMR |
Revised Total Beneficial holding as at 1 June 2009 |
|
E. A.G. Mackay* |
192,050 |
129,950 |
62,100 |
25,462 |
36,638 |
1,230,747 |
|
M.I. Wyman* |
116,900 |
79,100 |
37,800 |
15,499 |
22,301 |
503,135 |
|
A.J. Clark |
83,500 |
45,000 |
38,500 |
13,764 |
24,736 |
139,093 |
|
S.M. Clark |
41,750 |
28,250 |
13,500 |
5,536 |
7,964 |
21,781 |
|
J. Davidson |
37,575 |
25,425 |
12,150 |
4,982 |
7,168 |
22,312 |
|
N.T. Fell |
50,100 |
33,900 |
16,200 |
6,643 |
9,557 |
9,557 |
|
B.J.K. Smith |
83,500 |
33,500 |
50,000 |
50,000 |
0 |
266,450 |
|
C.A. van Kralingen |
83,500 |
77,506 |
5,994 |
2,458 |
3,536 |
53,817 |
Price per share for shares sold: £12.57
Date of sale: 19 May 2009
Date company informed of sale: 2 June 2009
EBT Additional Award
The independent trustee of the SABMiller plc Employees' Benefit Trust (the "EBT"), notified the company on 3 June 2009 that it had on 1 June 2009 exercised its discretion and released 75,505 ordinary shares in SABMiller plc to directors and persons exercising managerial responsibility (PDMRs) participating in the Performance Share Award Scheme (the "Scheme").
On 25 May 2007 the company announced that the TSR performance condition had been achieved in respect of Scheme awards made on 21 May 2004. The directors/PDMRs elected to retain these vested awards with the EBT for a further two years. That period having expired, the trustee has awarded additional 50% nil-cost awards on the original amount vested to the directors/PDMRs. The numbers of additional shares awarded and those sold and retained by directors and PDMRs are set out below:
|
Name of Directors and PDMRs |
Additional shares awarded to Director/ PDMRs |
Shares sold / sufficient shares sold to meet PAYE and NIC liability (where applicable) |
Shares retained by Director/PDMRs |
Revised Total Beneficial holding as at 1 June 2009 |
|
E. A. G. Mackay* |
34,798 |
14,268 |
20,530 |
1,230,747 |
|
M. I. Wyman* |
15,968 |
6,547 |
9,421 |
503,135 |
|
A. J. Clark |
8,212 |
2,936 |
5,276 |
139,093 |
|
S. M. Clark |
7,807 |
3,201 |
4,606 |
21,781 |
|
C.A. van Kralingen |
8,720 |
3,576 |
5,144 |
53,817 |
* Director
Price per share for shares sold: £12.52
Date of sale: 21 May 2009
Date company informed of sale: 3 June 2009
The shares sold on behalf of the directors and PDMRs either in entirety or to meet PAYE and NIC liability (where applicable) were purchased by the EBT. Following these transactions, the EBT holds a total of 5,403,872 ordinary shares in SABMiller plc in which certain senior employees including the following directors and PDMRs have an interest as potential beneficiaries: Mr E.A.G. Mackay, Mr. M.I. Wyman, Mr. N. J. Adami, Mr. M. Bowman, Dr. A. J. Clark, Ms. S. M. Clark, Mr J. Davidson, Mr N.T. Fell, Mr. C.A. van Kralingen, Mr A. Mervis, and Mr. B.J.K. Smith.
John Davidson
General Counsel and Group Company Secretary
Related Shares:
SAB.L