| Thu 4 Jun 2009, 15:33 | | SAB - SABMiller plc - EBT Release and Additional Award |
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SAB
SOSAB
SAB - SABMiller plc - EBT Release and Additional Award
JSEALPHA CODE: SAB
ISSUER CODE: SOSAB
ISIN CODE: GB0004835483
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 Shares Shares Shares Shares sold Shares Revised
Directors awarded on lapsed due released / retained Total
and PDMRs 19 May 2006 to non to sufficient by Beneficial
subject to achievement Director/ shares sold Director/ holding as
testing of PDMR to meet PDMR at 1 June
against performance PAYE and 2009
performance conditions NIC
conditions liability
on 19 May (where
2009 applicable)
E. A.G. 192,050 129,950 62,100 25,462 36,638 1,230,747
Mackay*
M.I. 116,900 79,100 37,800 15,499 22,301 503,135
Wyman*
A.J. 83,500 45,000 38,500 13,764 24,736 139,093
Clark
S.M. 41,750 28,250 13,500 5,536 7,964 21,781
Clark
J. 37,575 25,425 12,150 4,982 7,168 22,312
Davidson
N.T. Fell 50,100 33,900 16,200 6,643 9,557 9,557
B.J.K. 83,500 33,500 50,000 50,000 0 266,450
Smith
C.A. van 83,500 77,506 5,994 2,458 3,536 53,817
Kralingen
Price per share for shares sold: GBP12.57
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 Addition Shares Shares Revised
Directors al sold / retained by Total
and PDMRs shares sufficient Director/PD Beneficial
awarded shares MRs holding as
to sold to at 1 June
Director meet PAYE 2009
/ and NIC
PDMRs liability
(where
applicable
)
E. A. G. 34,798 14,268 20,530 1,230,747
Mackay*
M. I. 15,968 6,547 9,421 503,135
Wyman*
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 8,720 3,576 5,144 53,817
Kralingen
* Director
Price per share for shares sold: GBP12.52
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
Date: 04/06/2009 15:33:01 Produced by the JSE SENS Department.
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