SABMiller CFO raises £1.1m from share sale

The chief financial officer (CFO) of SABMiller has raised over one million pounds from selling shares one week after the beverages group reported a decline in lager volumes due to falling sales in China and North America in its third quarter.

James Wilson, who joined the firm in 2005 and was appointed CFO in 2011, exercised options to buy 32,193 shares at a price of 2,240p.

He then offloaded the same amount of shares at a higher price of 3,452.46p each, raising a total of £1.11m.

SABMiller net producer revenue (NPR) in the Asia Pacific region declined 2% in the three months to December, the company said, driven by a 7% volume decline due to adverse weather conditions in key regions.

North America NPR was down 1% as beverage volumes dribbled 3% lower.

Top Director Buys

SABMiller (SAB)
Director name: Mr James Wilson
Amount purchased: 32,193 @ 2,240p
Value: £721,123

Burberry Group (BRBY)
Director name: Ms Carolyn McCall
Amount purchased: 1,117 @ 1,777.00p
Value: £19,849

Top Director Sells

SABMiller (SAB)
Director name: Mr James Wilson
Amount sold: 32,193 @ 3,452.46p
Value: £1,111,450