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.
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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