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Notification of transactions of directors, persons discharging managerial responsibilities or connected persons
SABMiller plc
JSEALPHA CODE: SAB
ISIN CODE: SOSAB
ISIN CODE: GB0004835483
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’ Benefit Trust (EBT) notified SABMiller plc
(the Company) on 2 June 2014 that it had on 2 June 2014 exercised its discretion and released
ordinary shares in the Company to persons discharging managerial responsibility (PDMRs), as
summarised in the table below. These shares relate to conditional awards of performance shares
made on 1 June 2010 under the SABMiller plc Executive Share Award Plan 2008 which were
released to the participants during the year ended 31 March 2014 based on the Company’s TSR out-
performance of the median of the comparator group up to the end of the month prior to their
respective release dates.
As previously announced, one third of those shares were released to the participants on the
respective release dates during the year ended 31 March 2014, with the remaining two-thirds of the
shares being deferred and eligible for release in two further equal tranches on 1 June 2014 and
1 June 2015. There is no opportunity for the deferred shares to be retested against any future TSR
out-performance, and the deferred shares remain subject to forfeiture under certain circumstances
should a participant’s employment terminate before the fifth anniversary of the date of the original
award.
Although subject to the risk of forfeiture, participants are entitled to receive a notional dividend on their
deferred shares, calculated by reference to dividends actually paid by the Company during the
deferral period, and to be satisfied in the form of additional shares, subject to taxation, only once the
deferred shares are free from forfeiture risk and finally released to the participants.
Name of PDMR Deferred Additional Shares sold Shares Shares
shares shares to meet tax retained deferred until
released on released on and NIC 1 June 2015
2 June 2014 2 June 2014 liabilities
N J Adami 42,112 218 17,821 24,509 42,112
M J Bowman 22,307 478 9,593 13,192 22,307
J Davidson 18,328 95 8,659 9,764 18,329
N T Fell 19,120 409 9,179 10,350 19,120
C A van Kralingen 23,900 512 11,474 12,938 23,900
A Mervis 23,073 399 9,389 14,083 23,073
The price per share sold on 2 June 2014 was £33.11.
Name of contact and telephone number for queries
Bill Warner: 01483 264268
Name of duly authorised officer of issuer responsible for making notification
John Davidson, General Counsel & Group Company Secretary
3 June 2014
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 03/06/2014 01:31:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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