Diageo PLC Director/PDMR Shareholding (0603F)

TIDMDGE

RNS Number : 0603F

Diageo PLC

09 November 2015

   TO:       Regulatory Information Service 
   RE:       Paragraph 3.1.4 of the Disclosure and Transparency Rules

The notifications listed below were received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.

Kathryn Mikells has today, 9 November 2015, taken up her appointment as Chief Financial Officer, Diageo plc (the "Company"). In recognition of the share awards Ms Mikells forfeited under the terms of her previous employer's long-term incentive plans, Ms Mikells was awarded the following conditional share awards over ordinary shares of 28 (101) /(108) pence each in the Company ("Ordinary Shares") under an arrangement to which Listing Rule 9.4.2 applies (the "2015 Diageo Buy Out Plan"):

   --      43,868 Ordinary Shares which will vest on 9 May 2017, subject to continuing employment;

-- 43,868 Ordinary Shares which will vest on 9 November 2018, subject to continuing employment; and

-- 246,300 Ordinary Shares which will vest on 9 November 2018, subject to the achievement of performance conditions based on net sales growth, cumulative free cash flow and relative total shareholder return over the period 1 July 2015 to 30 June 2018. These are the performance conditions that apply to awards of performance shares made to the Chief Executive in September 2015 under the "Diageo Long Term Incentive Plan" (DLTIP). Any of these Ordinary Shares that vest will be subject to a two-year retention period.

The number of Ordinary Shares was calculated by reference to a price of GBP18.92, being the average closing price of an Ordinary Share over the 3 dealing days prior to 9 November 2015. In line with the policy for executive director shareholding requirements, Ms Mikells will be required to build up and retain a shareholding of 250% of salary within five years of her appointment.

The current interests of Ms Mikells in the Company's Ordinary Shares (excluding options, awards under the Company's long-term incentive plans and interests as a potential beneficiary of the Company's Employee Benefit Trusts) is 13,520 (all of which are held as American Depositary Shares ("ADS")*) and were acquired prior to her appointment.

V Cooper

Assistant Company Secretary

9 November 2015

*1 ADS is the equivalent of 4 Ordinary Shares.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSBSBDBLGGBGUC

(END) Dow Jones Newswires

November 09, 2015 09:09 ET (14:09 GMT)

Grafico Azioni Diageo (LSE:DGE)
Storico
Da Giu 2024 a Lug 2024