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Notification of transactions of directors, persons discharging managerial responsibilities or connected persons
SABMiller plc
JSEALPHA CODE: SAB
ISSUER 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 (the EBT) notified SABMiller
plc (the Company) on 3 June 2016 that it had on 3 June 2016 released ordinary shares in the
Company to directors and persons discharging managerial responsibility (PDMRs), as summarised in
the table below.
These shares relate to the first tranche of provisional allocations of performance shares made in 2013
under the SABMiller plc Executive Share Award Plan 2008. These awards are only capable of vesting
if the Company's Total Shareholder Return (TSR) exceeds the median TSR of a comparator group
over a three year performance period. No shares vest for median performance but for every £10
million of additional shareholder value created in excess of the median (being the % outperformance
of the median multiplied by SABMiller's market capitalisation at the start of the performance period) a
fixed number of shares will vest. These awards are subject to testing against the performance
condition on the third anniversary of the date of grant. This is the first of three tranches to be tested
under this condition. The second tranche will be tested against the condition on the fourth
anniversary and the third tranche will be tested on the fifth anniversary. To the extent a tranche does
not meet its condition, it will lapse without opportunity to retest.
In accordance with the terms of the awards, the number of shares to be released was calculated by
reference to the Company's TSR performance against its comparator group for the period from 1 April
2013 to 31 March 2016. For this period, SABMiller's TSR was 46.071%, compared with 42.741% for
the median of the comparator group. This represents an out-performance of the median by 3.33%,
meaning that an additional £1,584 million of shareholder value in excess of the median was created
over this period.
The shares were released to the PDMRs on 3 June 2016, with sales of shares to meet tax and other
withholding obligations being effected on the same day as shown in the table below.
Name of PDMR Shares released on Shares sold Shares retained
3 June 2016
A J Clark* 6,494 3,053 3,441
D J De Lorenzo* 1,584 0 1,584
M J Bowman 3,168 1,356 1,812
S M Clark 3,168 1,268 1,900
J Davidson 1,584 745 839
N T Fell 1,742 819 923
C A van Kralingen 2,376 1,117 1,259
K Lippert 3,168 1,317 1,851
A Mervis 3,168 0 3,168
*Director
The price per share sold on 3 June 2016 was £43.165698
Date of transactions: 3 June 2106
Place of transactions: London, England
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
6 June 2016
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Date: 06/06/2016 12:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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