RNS Number : 3621J

Diageo PLC

08 September 2016

Diageo plc (the "Company")

1.

Details of Restricted Person / person closely associated with them ("PCA")

a)

Name

1.     I MENEZES

2.     K MIKELLS

3.     D CUTTER

4.     A KRIPALU

5.     S FISCHER

6.     B FRANZ

7.     A GAVAZZI

8.     J KENNEDY

9.     C LAMBKIN

10.  D MAHLAN

11.  S MORIARTY

12.  M NAYAGER

13.  J O'KEEFFE

14.  S SALLER

b)

Position / status

1.     DIRECTOR

2.     DIRECTOR

3.     MEMBER OF EXECUTIVE COMMITTEE

4.     MEMBER OF EXECUTIVE COMMITTEE

5.     MEMBER OF EXECUTIVE COMMITTEE

6.     MEMBER OF EXECUTIVE COMMITTEE

7.     MEMBER OF EXECUTIVE COMMITTEE

8.     MEMBER OF EXECUTIVE COMMITTEE

9.     MEMBER OF EXECUTIVE COMMITTEE

10.  MEMBER OF EXECUTIVE COMMITTEE

11.  MEMBER OF EXECUTIVE COMMITTEE

12.  MEMBER OF EXECUTIVE COMMITTEE

13.  MEMBER OF EXECUTIVE COMMITTEE

14.  MEMBER OF EXECUTIVE COMMITTEE

c)

Initial notification / amendment

INITIAL NOTIFICATION

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

ORDINARY SHARES 28 101/108 PENCE ("Ordinary Shares") &

AMERICAN DEPOSITARY SHARES ("ADS")

b)

Nature of the transaction

Grant of options over Ordinary Shares or ADSs on 5 September 2016, under the Company's 2014 Long Term Incentive Plan, adopted by the Company on 30 July 2014 ("DLTIP").  Each option is exercisable between 5 September 2019 and 4 September 2026, subject to the satisfaction of performance criteria and continued employment.

M Nayager's grant includes a grant of awards over 3,104 Ordinary Shares to spouse D Nayager (a PCA). These awards come in the form of RSUs.

c)

Price(s) and volume(s)

Price	Volume(s)
	Ordinary Shares	ADS
1.             $106.96		54,356*
2.             £18.61	128,253*
3. £18.61	47,519
4. £18.61	25,524
5. £18.61	44,820
6. $106.96		15,567
7. $106.96		18,698
8. $106.96		23,373
9. £18.61	47,017
10. $106.96		38,426*
11. £18.61	56,421
12. £18.61	48,946
13. £18.61	39,911
14. $106.96		14,590

* the exercise of each option are subject to a retention period of two years during which time the director may not normally transfer, assign or otherwise dispose of the Ordinary Shares or ADSs.

d)

Aggregated information 

N/A

e)

Date of the transaction

5 SEPTEMBER 2016

f)

Place of the transaction

THESE TRANSACTIONS WILL TAKE PLACE ON THE LONDON STOCK EXCHANGE & NEW YORK STOCK EXCHANGE

1.

Details of Restricted Person / person closely associated with them ("PCA")

a)

Name

1.      I MENEZES

2.      K MIKELLS

3.     D CUTTER

4.     A KRIPALU

5.     S FISCHER

6.     B FRANZ

7.     A GAVAZZI

8.     J KENNEDY

9.     C LAMBKIN

10.  D MAHLAN

11.  S MORIARTY

12.  M NAYAGER

13.  J O'KEEFFE

14.  S SALLER

b)

Position / status

1.      DIRECTOR

2.      DIRECTOR

3.      MEMBER OF EXECUTIVE COMMITTEE

4.      MEMBER OF EXECUTIVE COMMITTEE

5.      MEMBER OF EXECUTIVE COMMITTEE

6.      MEMBER OF EXECUTIVE COMMITTEE

7.      MEMBER OF EXECUTIVE COMMITTEE

8.      MEMBER OF EXECUTIVE COMMITTEE

9.      MEMBER OF EXECUTIVE COMMITTEE

10.    MEMBER OF EXECUTIVE COMMITTEE

11.    MEMBER OF EXECUTIVE COMMITTEE

12.    MEMBER OF EXECUTIVE COMMITTEE

13.    MEMBER OF EXECUTIVE COMMITTEE

14.    MEMBER OF EXECUTIVE COMMITTEE

c)

Initial notification / amendment

INITIAL NOTIFICATION

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

ORDINARY SHARES 28 101/108 PENCE ("Ordinary Shares") &

AMERICAN DEPOSITARY SHARES ("ADS")

b)

Nature of the transaction

Grant of conditional awards over Ordinary Shares or ADSs on 5 September 2016, under the DLTIP .Each conditional award will vest on 5 September 2019 subject to the satisfaction of performance criteria. Each conditional award carries a right to receive, on vesting, an amount linked to dividends paid on the Ordinary Shares (or ADSs) subject to the conditional award. These awards come in the form of Restricted Stock Units ("RSUs")

M Nayager's grant includes a grant of conditional awards over 4,406 Ordinary Shares to spouse D Nayager (a PCA).  These awards come in the form of RSUs.

c)

Price(s) and volume(s)

Price	Volume(s)
	Ordinary Shares	ADS
1.             $106.96		54,356*
2.             £18.61	128,253*
3. £18.61	42,767
4. £18.61	23,204
5. £18.61	40,338
6. $106.96		14,011
7. $106.96		16,828
8. $106.96		21,035
9. £18.61	42,315
10. $106.96		38,426*
11. £18.61	50,779
12. £18.61	45,664
13. £18.61	35,920
14. $106.96		13,131

* the Ordinary Shares and ADSs received on the vesting of each conditional award are subject to a retention period of two years during which time the director may not normally transfer, assign or otherwise dispose of the Ordinary Shares or ADSs.

d)

Aggregated information 

N/A

e)

Date of the transaction

5 SEPTEMBER 2016

f)

Place of the transaction

THESE TRANSACTIONS WILL TAKE PLACE ON THE LONDON STOCK EXCHANGE & NEW YORK STOCK EXCHANGE

1.

Details of Restricted Person / person closely associated with them ("PCA")

a)

Name

J KENNEDY

b)

Position / status

MEMBER OF EXECUTIVE COMMITTEE

c)

Initial notification / amendment

INITIAL NOTIFICATION

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

AMERICAN DEPOSITARY SHARES ("ADS")

b)

Nature of the transaction

J Kennedy acquires an interest over ADS on 5 September 2016 by way of a one-off award under the DLTIP.  There are performance conditions attached to the release of this award under the DLTIP and the award will vest, subject to achievement of performance conditions. The awards will be in the form of restricted stock units ("RSUs").

c)

Price(s) and volume(s)

Price	Volume(s)	Maximum percentage vesting in 2019	Maximum percentage vesting in 2020	Maximum percentage vesting in 2021
$113.66	21,995	33.33%	33.33%	33.33%

d)

Aggregated information 

N/A

e)

Date of the transaction

5 SEPTEMBER 2016

f)

Place of the transaction

THIS TRANSACTION WILL TAKE PLACE ON THE NEW YORK STOCK EXCHANGE

1.

Details of Restricted Person / person closely associated with them ("PCA")

a)

Name

M NAYAGER

b)

Position / status

MEMBER OF EXECUTIVE COMMITTEE

c)

Initial notification / amendment

INITIAL NOTIFICATION

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

ORDINARY SHARES 28 101/108 PENCE ("Ordinary Shares")

b)

Nature of the transaction

D Nayager, a PCA of M Nayager acquires an interest over 4,850 Ordinary Shares on 5 September 2016 under the Diageo Performance Incentive Plan 2016 (the "DPI") section of the Company's DLTIP.  There are performance conditions attached to the release of this award under the DPI and the award will vest in three years, subject to achievement of performance conditions. The awards will be in the form of restricted stock units ("RSUs").

c)

Price(s) and volume(s)

Price	Volume(s)
£21.13	4,850

d)

Aggregated information 

N/A

e)

Date of the transaction

5 SEPTEMBER 2016

f)

Place of the transaction

THIS TRANSACTION WILL TAKE PLACE ON THE LONDON STOCK EXCHANGE

This information is provided by RNS

The company news service from the London Stock Exchange

END DSHBUGDCXBGBGLI