TIDMSAB

RNS Number : 9995R

SABMiller PLC

02 July 2015

SABMiller plc (the "Company")

Notification of transactions of directors, persons discharging managerial responsibilities or connected persons in accordance with DTR 3.1

The independent trustee of the SABMiller plc Employees Share Purchase Plan Trust notified the Company on 2 July 2015 that a PDMR purchased Partnership Shares and was allocated Matching Shares in the SABMiller plc Employee Share Purchase Plan (the "Plan") on 1 July 2015.

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 GBP1,800 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 Matching Shares are forfeitable in certain circumstances if Partnership Shares are withdrawn from the Trust within five years.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   Matching shares   Price per 
                                         acquired                             share 
 John Davidson    Lump Sum              54                 7                 GBP33.0425 
                 --------------------  -----------------  ----------------  ----------- 
 

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

Bill Warner: 01483 264268

Name of duly authorised officer of issuer responsible for making notification

Stephen Shapiro, Group Company Secretary

2 July 2015

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSEANXAELKSEEF

Sabmiller (LSE:SAB)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Sabmiller Charts.
Sabmiller (LSE:SAB)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Sabmiller Charts.