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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
Top Director Sells
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
