RNS Number : 3889T
SABMiller PLC
04 June 2009
 



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 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: 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 KralingenMr A. Mervis, and Mr. B.J.K. Smith.








John Davidson

General Counsel and Group Company Secretary


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