Date: Tuesday 13 Nov 2012
LONDON (ShareCast) - Diageo's Chief Executive Officer, Paul Walsh, sliced a chunk off his stake in the drinks giant with the sale of 50,000 shares on Monday.
The transaction follows the company's purchase of a stake in Indian spirits group United Spirits Limited (USL).
Diageo said on Friday that it is to acquire a 27.4% stake in USL for around £660m and announced a tender offer to buy an additional 26% stake (53.4% interest in total), which now means that the company generates 45% of revenues from emerging markets.
Walsh, who was appointed to the role of CEO in 2000, sold the shares at 1,801.00p each for a total of £900,500.
Shares in Diageo have soared 367% over the past year, equal to 491p.
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Top Director Sells
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Director name: Mr Michael O'Neill
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Diageo (DGE)
Director name: Mr Paul S Walsh
Amount sold: 50,000 @ 1,801.00p
Value: £900,500
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