Diageo PLC — Remuneration Information 2015

Sep 22, 2015

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RNS Number : 8598Z

Diageo PLC

22 September 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.

Diageo plc (the "Company") announces that;

1.    It received notification on 22 September 2015 of the release of ordinary shares of 28 101/108 pence each in the Company ("Ordinary Shares") and American Depositary Shares ("ADSs")* to the persons discharging managerial responsibility ("PDMRs") under the Company's 2008 Performance Share Plan ("PSP") on 21 September 2015 as set out below.  The awards were made on 20 September 2012 and vested at a level of 33%. Also released were the Ordinary Shares and ADSs that were accrued in respect of notional dividends under the PSP during the period. The balance of each award has lapsed.

Name of PDMR	Number of Ordinary Shares released	Number of Ordinary Shares in respect of notional dividend	Number of Ordinary Shares sold#	Balance of Ordinary Shares retained and beneficially owned
S Fischer	2,087	204	403	1,888
A Gavazzi	2,785	272	1,286	1,771
A Manz	1,940	189	728	1,401
J O'Keeffe	1,951	191	1,117	1,025
L Wood	1,672	163	865	970
Name of PDMR	Number of ADS released	Number of ADS in respect of notional dividend	Number of ADS shares sold#	Balance of ADS shares retained and beneficially owned
B Franz	4,713	469	2,543	2,639
J Kennedy	801	79	880	0

The Ordinary Shares were sold at a price per share of £17.83 and the ADSs were sold a price per ADS of $109.76.

2.    It received notification on the 22 September 2015 of the release of Ordinary Shares and ADSs to PDMRs under the Diageo Executive Long Term Incentive Plan ("DELTIP") on 21 September 2015 as set out below.  The awards were made the dates set out below in the form of restricted stock units ("RSUs").

Name of PDMR	Date of Award	Number of Ordinary Shares released	Number of Ordinary Shares sold#	Balance of Ordinary Shares retained and beneficially owned
D Cutter	1 October 2012	6,042	2,865	3,177
S Fischer	20 September 2012	5,461	960	4,501
A Gavazzi	20 September 2012	7,055	2,968	4,087
A Manz	20 September 2012	3,993	1,365	2,628
J O'Keeffe	20 September 2012	2,290	1,194	1,096
Name of PDMR		Number of ADS released	Number of ADS sold#	Balance of ADS retained and beneficially owned
J Kennedy	20 September 2012	4,358	2,139	2,219
S Saller	1 October 2012	1,818	892	926

The awards to Mr Gavazzi and Mr Kennedy partially comprised of awards that were subject to performance conditions. Mr Gavazzi's award vested at 33% and Mr Kennedy's award vested at 100% following the application of these performance conditions.

The Ordinary Shares were sold at a price per share of £17.83 and the ADSs were sold a price per ADS of $109.76.

The Ordinary Shares referred to in items 1 and 2 above were purchased on the London Stock Exchange.

As a result of the above transactions the interests of the directors and PDMRs in the Company's Ordinary Shares and ADS's (excluding options, awards under the Company's LTIPs and interests as potential beneficiaries of the Company's Employee Benefit Trusts) are as follows:

Name of PDMR	No. of Ordinary Shares
D Cutter	15,295
S Fischer	17,368
A Gavazzi	68,983 (of which 35,442 held as ADS)
J Kennedy	58,206 (of which 53,610 are held as ADS)**
A Manz	26,405
J O'Keeffe	11,937
L Wood	5,712
Name of PDMR	No. of ADS
B Franz	13,056
S Saller	18,610

C Matthews

Assistant Company Secretary

22 September 2015

*1 ADS is the equivalent of 4 Ordinary Shares.

** The above interests for Mr Kennedy include 47 additional ADSs, shown as Ordinary Shares, following his annual validation of his 401K account.

# Ordinary Shares/ADS have been sold to meet the requirement to reimburse the Company for PAYE tax and National Insurance/social security liabilities on awards released under the PSP, DIP and also the DELTIP. Mr Kennedy sold all of the Ordinary Shares vested to him under the PSP.

This information is provided by RNS

The company news service from the London Stock Exchange

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