SABMiller director raises stake after Foster's acquisition

A SABMiller director has invested £164,766 in the beverages giant today, the same day it completed the acquisition of Australian brewer Foster's.

Geoffrey Bible, who joined the board of SABMiller in 2002 after the completion of the Miller Brewing Company transaction, acquired some 7,600 ordinary shares today at a price of 2,167.97p per share. He is currently part of the nomination committee on the board.

SABMiller announced this morning that it had completed the acquisition of all of the shares in Foster's following the implementation of the Scheme of Arrangement on Friday.

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The transaction consideration will be paid to Foster's shareholders by Wednesday 21 December, it said.

The deal is worth £6.5bn and will see the owner of Grolsch and Coors Light get its hands on Foster's lager as well as the famous VB and Carlton Draught brands.

Top Director Buys

ENK (ENK)

Director name: Mr Mark Hanlon

Amount purchased: 2,000,000 @ 7.71p

Value: £154,200

SABMiller (SAB)

Director name: Mr Geoffrey Bible

Amount purchased: 7,600 @ 2,167.97p

Value: £164,766

Berendsen (BRSN)

Director name: Mr Iain Ferguson

Amount purchased: 25,000 @ 423.00p

Value: £105,750

GKN (GKN)

Director name: Mr William C Seeger

Amount purchased: 10,000 @ 171.40p

Value: £17,140

Marston's (MARS)

Director name: Mr Andrew Andrea

Amount purchased: 15,000 @ 90.00p

Value: £13,500

JD Sports Fashion (JD.)

Director name: Mr Brian Small

Amount purchased: 2,200 @ 575.50p

Value: £12,661

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Oxford Instruments (OXIG)

Director name: Mr Jonathan Flint

Amount sold: 335,554 @ 950.00p

Value: £3,187,763

Oxford Instruments (OXIG)

Director name: Mr Charles Holroyd

Amount sold: 199,938 @ 950.00p

Value: £1,899,411

Oxford Instruments (OXIG)

Director name: Mr Kevin Boyd

Amount sold: 166,607 @ 950.00p

Value: £1,582,766

Prudential (PRU)

Director name: Mr John W. Foley

Amount sold: 126,192 @ 616.09p

Value: £777,456

Prudential (PRU)

Director name: Mr John W. Foley

Amount sold: 60,000 @ 610.14p

Value: £366,084