6-k
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Diageo plc
(Translation of registrants name into English)
8 Henrietta Place, London W1G 0NB
(Address of principal executive offices)
indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F
Form 20-F þ Form 40-F o
indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes o No þ
If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b):82 o
TABLE OF CONTENTS
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorised.
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Diageo plc
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(Registrant) |
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Date 05 July 2007
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By |
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Name: J Nicholls |
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Title: Deputy Company Secretary |
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List identifying information required to be furnished
by Diageo plc pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act 1934
1 30 June 2007
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Information |
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Required by/when |
Public Announcements/Press |
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The Stock Exchange, London |
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Announcement
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Announcement |
Company releases shares
from treasury to satisfy
grants made under employee
share plans.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(01 June 2007)
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(15 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
(01 June 2007)
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Company announces it will release trading
statement on 28 June 2007.
(18 June 2007) |
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Announcement
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Announcement |
Company releases shares
from treasury to satisfy
grants made under employee
share plans.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(04 June 2007)
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(18 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Mr Williams notifies the Company of his
beneficial interest.
(19 June 2007) |
(04 June 2007) |
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Announcement
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Announcement |
Mr Walsh informs the
Company of his beneficial
interests.
(05 June 2007)
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
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(19 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(05 June 2007)
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(20 June 2007) |
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Announcement
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Announcement |
Company releases shares
from treasury to satisfy
grants made under employee
share plans.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(06 June 2007)
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(21 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(06 June 2007)
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(22 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(07 June 2007)
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(25 June 2007) |
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Announcement
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Announcement |
Company releases shares
from treasury to satisfy
grants made under employee
share plans.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(08 June 2007)
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(26 June 2007) |
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Information |
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Required by/when |
Public Announcements/Press |
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The Stock Exchange, London |
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Announcement
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Announcement |
Company purchases its
own securities through
Credit Suisse Securities
(Europe) Limited.
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Company releases shares from treasury to
satisfy grants made under employee share
plans. |
(08 June 2007)
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(27 June 2007) |
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Announcement
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Announcement |
Company notified of
transactions in respect of
the Diageo Share Incentive
Plan and Messrs Rose, Walsh
and those persons
discharging managerial
responsibility inform the
Company of their interests
therein. Lord Blyth and Mr
Stitzer inform the Company
of their beneficial
interests.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited.
(27 June 2007) |
(11 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company releases trading statement.
(28 June 2007) |
(11 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(12 June 2007)
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(28 June 2007) |
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Announcement
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Announcement |
Company releases shares
from treasury to satisfy
grants made under employee
share plans.
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Company releases shares from treasury to
satisfy grants made under employee share
plans. |
(13 June 2007)
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(29 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company announces total voting rights.
(29 June 2007) |
(13 June 2007) |
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Announcement
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Announcement |
Company purchases its own
securities through Credit
Suisse Securities (Europe)
Limited.
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Company purchases its own securities through
Credit Suisse Securities (Europe) Limited. |
(14 June 2007)
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(29 June 2007) |
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Announcement |
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Company releases shares
from treasury to satisfy
grants made under employee
share plans. |
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(15 June 2007) |
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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15:25 01-Jun-07 |
Number
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PRNUK-0106 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury 541
ordinary shares of 28 101/108 pence each in the Company (Ordinary Shares), to
satisfy grants made under employee share plans. The average price at which
these Ordinary Shares were released from treasury was 940.26 pence per share.
Following this release, the Company holds 280,260,484 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,662,217,843.
1 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:04 01-Jun-07 |
Number
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6695X |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 600,000 ordinary shares at a price of 1082.49 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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13:47 04-Jun-07 |
Number
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PRNUK-0406 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury
9,777 ordinary shares of 28 101/108 pence each in the Company (Ordinary
Shares), to satisfy grants made under employee share plans. The average price
at which these Ordinary Shares were released from treasury was 940.26 pence per
share.
Following this release, the Company holds 280,250,707 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,661,627,620.
4 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:23 04-Jun-07 |
Number
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7552X |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 725,000 ordinary shares at a price of 1087.09 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Director/PDMR Shareholding |
Released
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11:44 05-Jun-07 |
Number
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PRNUK-0506 |
TO: Regulatory Information Service
PR Newswire
RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules
The notification below was received under Paragraph 3.1.2 of the Disclosure and
Transparency Rules.
Diageo plc (the Company) announces that it received notification on 4 June
2007, that Mr PS Walsh, a director, had exercised options on 4 June 2007 over
109,389 Ordinary Shares of 28 101/108 pence each in the Company (Ordinary
Shares) granted on 12 September 2001 at a price per share of £6.87 under the
Companys Senior Executive Share Option Plan. Mr Walsh subsequently sold
103,889 Ordinary Shares, on 4 June 2007, at a price per share of £10.905.
Mr Walsh retains beneficial ownership of the balance of 5,500 Ordinary Shares.
As a result of the above, Mr Walshs interests in the Companys Ordinary Shares
(excluding options, awards under the Companys LTIPs and interests as a
potential beneficiary of the Companys employee benefit trusts) has increased
to 637,815.
5 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:00 05-Jun-07 |
Number
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8315X |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 800,000 ordinary shares at a price of 1077.92 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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14:09 06-Jun-07 |
Number
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PRNUK-0606 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury 845
ordinary shares of 28 101/108 pence each in the Company (Ordinary Shares), to
satisfy grants made under employee share plans. The average price at which
these Ordinary Shares were released from treasury was 940.26 pence per share.
Following this release, the Company holds 280,249,862 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,660,103,465.
6 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:06 06-Jun-07 |
Number
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9220X |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 800,000 ordinary shares at a price of 1067.27 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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18:02 07-Jun-07 |
Number
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0113Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 900,000 ordinary shares at a price of 1057.05 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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13:34 08-Jun-07 |
Number
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PRNUK-0806 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury
5,337 ordinary shares of 28 101/108 pence each in the Company (Ordinary
Shares), to satisfy grants made under employee share plans. The average price
at which these Ordinary Shares were released from treasury was 940.26 pence per
share.
Following this release, the Company holds 280,244,525 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,658,408,802.
8 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:47 08-Jun-07 |
Number
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0882Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 750,000 ordinary shares at a price of 1049.29 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Director/PDMR Shareholding |
Released
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13:37 11-Jun-07 |
Number
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PRNUK-1106 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 3.1.4 OF THE DISCLOSURE AND TRANSPARENCY RULES
The notifications listed below were all received under Paragraph 3.1.2 of the
Disclosure and Transparency Rules.
Diageo plc (the Company) announces that:
1. |
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it received notification on 11 June 2007 of the following allocations of
Ordinary Shares under the Diageo Share Incentive Plan (the Plan), namely: |
(i) the following directors of the Company were allocated Ordinary Shares on 11
June 2007 under the Plan, by Diageo Share Ownership Trustees Limited (the
Trustee):
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Name of Director |
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Number of Ordinary Shares |
N C Rose |
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18 |
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P S Walsh |
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18 |
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(ii) the following Persons Discharging Managerial Responsibilities (PDMR)
were allocated Ordinary Shares on 11 June 2007 under the Plan, by the Trustee:
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Name of PDMR |
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Number of Ordinary Shares |
S Fletcher |
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18 |
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J Grover |
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18 |
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A Morgan |
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18 |
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G Williams |
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18 |
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The number of Ordinary Shares allocated comprises those purchased on behalf of
the employee using an amount which the employee has chosen to have deducted
from salary (Sharepurchase) and those awarded to the employee by the Company
(Sharematch) on the basis of one Sharematch Ordinary Share for every two
Sharepurchase Ordinary Shares.
The Sharepurchase Ordinary Shares were purchased and the Sharematch Ordinary
Shares were awarded at a price per share of £10.50.
The Ordinary Shares are held by the Trustee and in the name of the Trustee.
Sharepurchase Ordinary Shares can normally be sold at any time. Sharematch
Ordinary Shares cannot normally be disposed of for a period of three years
after the award date.
As a result of the above transactions, interests of directors and PDMRs in the
Companys Ordinary Shares (excluding options, awards under the Companys LTIPs
and interests as potential beneficiaries of the Companys Employee Benefit
Trusts) are as follows:
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Name of Director |
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Number of Ordinary Shares |
N C Rose |
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360,488 |
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P S Walsh |
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637,833 |
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Name of PDMR |
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Number of Ordinary Shares |
S Fletcher |
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132,853 |
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J Grover |
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171,005 |
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A Morgan |
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131,451 |
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G Williams |
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208,509 (of which 5,684 are held in the form of ADS*) |
3. it received notification on 11 June 2007 from Lord Blyth, a director of the
Company, that he has purchased 994 Ordinary Shares on 11 June 2007 under an
arrangement with the Company, whereby he has agreed to use an amount of £10,500
each month, net of tax, from his directors fees to purchase Ordinary Shares.
Lord Blyth has agreed to retain the Ordinary Shares while he remains a director
of the Company.
The Ordinary Shares were purchased at a price per share of £10.50.
As a result of this purchase, Lord Blyths interest in Ordinary Shares has
increased to 144,549.
4. it received notification on 11 June 2007 from Todd Stitzer, a director of
the Company, that he has purchased 95 Ordinary Shares on 11 June 2007 under an
arrangement with the Company, whereby he has agreed to use an amount of £1,000
each month, net of tax, from his directors fees to purchase Ordinary Shares.
The Ordinary Shares were purchased at a price per share of £10.50.
As a result of this purchase, Mr Stitzers interest in Ordinary Shares has
increased to 4,211.
11 June 2007
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* |
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1 ADS is the equivalent of 4 Ordinary Shares. |
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:06 11-Jun-07 |
Number
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1601Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 700,000 ordinary shares at a price of 1055.99 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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16:41 12-Jun-07 |
Number
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2403Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 750,000 ordinary shares at a price of 1069.81 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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15:37 13-Jun-07 |
Number
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PRNUK-1306 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury
2,156 ordinary shares of 28 101/108 pence each in the Company (Ordinary
Shares), to satisfy grants made under employee share plans. The average price
at which these Ordinary Shares were released from treasury was 940.26 pence per
share.
Following this release, the Company holds 280,242,369 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,656,220,495.
13 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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16:54 13-Jun-07 |
Number
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3166Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 725,000 ordinary shares at a price of 1063.68 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:23 14-Jun-07 |
Number
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4078Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 700,000 ordinary shares at a price of 1076.18 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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14:11 15-Jun-07 |
Number
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PRNUK-1506 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury
4,320 ordinary shares of 28 101/108 pence each in the Company (Ordinary
Shares), to satisfy grants made under employee share plans. The average price
at which these Ordinary Shares were released from treasury was 940.26 pence per
share.
Following this release, the Company holds 280,238,049 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,654,799,815.
15 June 2007
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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16:49 15-Jun-07 |
Number
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4852Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 1,000,000 ordinary shares at a price of 1086.46 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Diageo to Issue Trading State |
Released
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16:35 18-Jun-07 |
Number
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5695Y |
18 June 2007
DIAGEO TO ISSUE TRADING STATEMENT ON 28 JUNE 2007 AND
ANNOUNCES PROGRAMME TO ENABLE SHARE BUY BACKS TO CONTINUE
DURING THE CLOSED PERIOD
Diageo plc will issue a trading statement on the 28 June 2007 with respect to the fiscal year
ending 30 June 2007. As a result, it will enter a closed period which begins on 19 June and ends
at the close of business on 30 August 2007 following the preliminary results announcement. Diageo
has put in place an irrevocable, non-discretionary programme to allow the company to buy back
shares during the closed period. The buy back programme during the closed period will be managed
by an independent third party, which will make its trading decisions in relation to the companys
securities independently of, and uninfluenced by, the company.
Share buy backs will be effected during the period between 19 June 2007 and 30 August 2007
inclusive within pre-set parameters. The buy backs will be in accordance with Diageos general
authority to repurchase shares and in accordance
with Chapter 12 of the Listing Rules. Consequently the maximum price paid will be limited to no
more than 105 per cent of the average middle market quotations of Diageo shares for the 5 dealing
days preceding the date of purchase. The shares repurchased will be cancelled on a daily basis.
In announcing this Diageo confirms that currently it has no unpublished price sensitive
information.
-ends-
For further information:
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Media enquiries
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Isabelle Thomas
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+44 (0)20 7927 5967 |
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media@diageo.com |
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Notes to Editor:
Diageo is the worlds leading premium drinks business. With its global vision, and local marketing
focus, Diageo brings to consumers an outstanding collection of beverage alcohol brands across the
spirits, wine and beer categories including Smirnoff, Guinness, Johnnie Walker, Baileys, JeB, José
Cuervo, Captain Morgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines. Diageo
trades in some 180 countries around the world and is listed on both the New York Stock Exchange
(DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands
and performance, visit us at www.diageo.com
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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Transaction in Own Shares |
Released
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17:04 18-Jun-07 |
Number
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5746Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 1,075,000 ordinary shares at a price of 1092.86 pence per share.
END
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Company
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Diageo PLC |
TIDM
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DGE |
Headline
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|
Director/PDMR Shareholding |
Released
|
|
13:39 19-Jun-07 |
Number
|
|
PRNUK-1906 |
TO: Regulatory Information Service
PR Newswire
RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules
The
notification below was received under Paragraph 3.1.2 of the Disclosure and Transparency Rules.
Diageo plc (the Company) announces that it received notification on 19 June
2007, of the following transactions by
Mr G Williams, a Person Discharging
Managerial Responsibilities.
On 19 June 2007, Mr Williams gifted 4,000 Ordinary Shares of 28 101/108 pence
each in the Company (Ordinary Shares) to his children (both of whom have
reached the age of majority) as follows:
|
|
|
|
|
Name of Transferee |
|
Number of Ordinary Shares transferred |
David Rhys Williams |
|
|
2,000 |
|
Helen Elizabeth Williams |
|
|
2,000 |
|
Mr Williams purchased the Ordinary Shares on 11 December 2006 at a price per
share of £9.7734.
Following the above transactions, Mr Williams interests in the Companys
Ordinary Shares (excluding options, awards under the Companys LTIPs and
interests as a potential beneficiary of the Companys employee benefit trusts)
is 208,509 (of which 5,684 are held in the form of ADS*).
19 June 2007
|
|
|
* |
|
1 ADS is the equivalent of 4 Ordinary Shares. |
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:49 19-Jun-07 |
Number
|
|
6531Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 345,000 ordinary shares at a price of 1082.67 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
17:23 20-Jun-07 |
Number
|
|
7427Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 325,000 ordinary shares at a price of 1074.25 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:43 21-Jun-07 |
Number
|
|
8148Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 425,000 ordinary shares at a price of 1060.04 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:45 22-Jun-07 |
Number
|
|
9030Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 305,000 ordinary shares at a price of 1058.98 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:57 25-Jun-07 |
Number
|
|
9840Y |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 250,000 ordinary shares at a price of 1051.98 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:37 26-Jun-07 |
Number
|
|
0675Z |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 227,000 ordinary shares at a price of 1060.46 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
14:42 27-Jun-07 |
Number
|
|
PRNUK-2706 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury 884
ordinary shares of 28 101/108 pence each in the Company (Ordinary Shares), to
satisfy grants made under employee share plans. The average price at which
these Ordinary Shares were released from treasury was 940.26 pence per share.
Following this release, the Company holds 280,237,165 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,650,848,699.
27 June 2007
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:50 27-Jun-07 |
Number
|
|
1586Z |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 500,000 ordinary shares at a price of 1064.88 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Company release trading statement |
Released
|
|
XX:XX 28-Jun-07 |
Number
|
|
XXXXX |
28 June 2007
Diageo reiterates guidance for 8% organic operating profit growth for the year ending 30 June 2007
Summary
|
|
|
Further outperfomance in North America and double-digit top line growth in International
and Asia Pacific |
|
|
|
|
In Europe, top line growth improved in the second half |
|
|
|
|
Marketing spend up in Europe in the second half and further increased in Asia Pacific |
|
|
|
|
Reiterating guidance for 8% organic operating profit growth for the full year |
|
|
|
|
£2.3 billion returned to shareholders in the financial year through dividends and the
share buy back programme |
Paul Walsh, CEO of Diageo, said:
The strength of our brands and our broad based geographic exposure continue to drive the
consistent top and bottom line organic growth and strong cash generation which are the recurring
themes of Diageos performance.
The strong performance, which was delivered in North America and International in the first half,
has continued for the full year. In Europe and in Asia Pacific, top line performance has improved
against the first half as marketing investment was increased in the second half behind our growth
brands and markets. Therefore while Diageos total organic net sales growth in the full year is
expected to be higher than in the first half, operating profit growth will be in line with the
first half performance of 8%.
This strong trading performance continues to be matched by Diageos financial strength. The
consistency of our cash flow has allowed us to return a further £2.3 billion to shareholders this
financial year in dividends and share buy backs.
Trading Update
Strong growth of the global spirits brands, and in particular the growth of Diageos Scotch brands
across the world, remains the key driver of top line performance. Growth has been delivered in beer
through the continued success of Guinness and the lager brands in Africa. In ready to drink, growth
in Brazil and South Africa has offset further decline of the segment in Europe. In wine, strong
growth was achieved in Sterling Vineyards and French agency wine brands in the United States.
In North America, Diageo has performed strongly and outperformed the market throughout the year.
While the rate of growth of the US spirits market has slowed in recent months, the consumer trend
is still to premium brands. Diageos focus on premium brands therefore continues to generate top
line growth and support the implementation of further price increases.
In Europe, investment behind the growth opportunities, which have been identified in continental
and Eastern Europe, together with strong growth in Russia, has led to an improvement on top line
performance in the second half. Marketing investment has been increased in the second half behind
proven growth drivers.
In International, Latin America and Africa have both continued to deliver very strong growth. In
Latin America this has been led by the growth in Scotch and ready to drink and in Africa by the
growth in beer and also by the growth in ready to drink.
In Asia Pacific net sales growth was stronger in the second half than in the first half of the year
as marketing spend was further increased in key markets.
Interest
Diageos average net debt for the year ending 30 June 2007 will be approximately £4.6 billion and
it is estimated that closing debt will be approximately £5.1 billion. The effective interest rate
for the year ending 30 June 2007 is expected to be approximately 5.5%. As a result of the increase
in interest rates the effective interest rate for the year ending 30 June 2008 is currently
expected to increase by approximately 0.4 percentage points year on year.
Exchange rate movements
The impact of exchange rate movements on reported profit before exceptional items and tax is still
expected to be about £80 million for the year ending 30 June 2007. Operating profit is estimated to
be negatively impacted by £90 million and interest to be positively impacted by approximately £10
million.
For the year ending 30 June 2008 the impact of exchange rate movements, based on current exchange
rates, is estimated to have an adverse impact of £40 million on operating profit and a small
positive impact of less than £5 million on interest.
Return of capital to shareholders
Consistent with previous guidance Diageo has returned a further £1.4 billion to shareholders in the
financial year through the repurchase of 141 million shares. The number of shares in issue at the
year-end will be 2,618 million, excluding 313 million shares, held by the company as treasury
shares or in trust to hedge employee share option programmes. The weighted average number of
shares, which will be used to calculate eps for the year ending 30 June 2007, will be 2,688 million
shares.
As announced on 18 June 2007 Diageo has put in place an irrevocable non- discretionary programme to
buy back shares during the closed period which ends at the close of business on 30 August 2007.
Preliminary Results
Diageo will announce preliminary results for the year ending 30 June 2007 on 30 August 2007. These
preliminary results will be reported on the new basis of four regions; North America, Europe,
International and Asia Pacific, together with corporate. To aid comparison prior period results on
this basis are attached.
2
Revised Segmental Information and Operating Review for prior periods
Diageo announced the creation of Diageo Asia Pacific as its fourth geographic operating unit in
January 2007. Asia Pacific was previously part of the Diageo International operating unit.
As a result of this change Diageo International now consists of the following regions and
countries:
|
|
|
Latin America and the Caribbean |
|
|
|
|
Africa |
|
|
|
|
Middle East |
|
|
|
|
Global Travel |
Diageo Asia Pacific now consists of the following regions and countries:
|
|
|
India, the Peoples Republic of China, South Korea, Japan and other Asian Markets |
|
|
|
|
Australia and New Zealand |
The composition and financial results of Diageo North America, Diageo Europe and Corporate have not
been impacted by this change.
Revised segmental information for the six month period ended 31 December 2006 and for the years
ended 30 June 2006 and 2005 are provided below, together with the revised Operating Review for the
six month period ended 31 December 2006 and the year ended 30 June 2006. Individual
market commentaries as previously reported in the Operating Review for these periods are unchanged.
Segmental information for the six month period ended 31 December 2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New |
|
|
Asia |
|
|
Old |
|
|
|
International |
|
|
Pacific |
|
|
International |
|
|
|
£ million |
|
|
£ million |
|
|
£ million |
|
Sales |
|
|
1,070 |
|
|
|
585 |
|
|
|
1,655 |
|
Net sales |
|
|
884 |
|
|
|
430 |
|
|
|
1,314 |
|
Marketing |
|
|
112 |
|
|
|
100 |
|
|
|
212 |
|
Operating profit |
|
|
298 |
|
|
|
115 |
|
|
|
413 |
|
Segmental information for the year ended 30 June 2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New |
|
|
Asia |
|
|
Old |
|
|
|
International |
|
|
Pacific |
|
|
International |
|
|
|
£ million |
|
|
£ million |
|
|
£ million |
|
Sales |
|
|
1,784 |
|
|
|
1,042 |
|
|
|
2,826 |
|
Net sales |
|
|
1,456 |
|
|
|
763 |
|
|
|
2,219 |
|
Marketing |
|
|
183 |
|
|
|
171 |
|
|
|
354 |
|
Operating profit* |
|
|
445 |
|
|
|
199 |
|
|
|
644 |
|
|
|
|
* |
|
There were no exceptional items included in operating profit for the year ended 30 June 2006 |
Net sales are after deducting excise duties. Percentage movements in this statement are organic
movements unless otherwise stated. Commentary, unless otherwise stated, refers to organic
movements. Share, unless otherwise stated, refers to volume share. See the Companys annual report
on Form 20-F for the year ended 30 June 2006 filed with the US Securities and Exchange Commission
(SEC) for an explanation of organic movement calculations and further definitions, disclosures and
information.
3
Additional segmental information for the year ended 30 June 2006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New |
|
|
Asia |
|
|
Old |
|
|
|
International |
|
|
Pacific |
|
|
International |
|
|
|
£ million |
|
|
£ million |
|
|
£ million |
|
Share of associates profits after tax |
|
|
4 |
|
|
|
|
|
|
|
4 |
|
Profit before interest, net finance income and tax |
|
|
449 |
|
|
|
199 |
|
|
|
648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
(48 |
) |
|
|
(17 |
) |
|
|
(65 |
) |
Intangible asset amortisation |
|
|
(1 |
) |
|
|
(3 |
) |
|
|
(4 |
) |
Capital expenditure on segment assets |
|
|
61 |
|
|
|
17 |
|
|
|
78 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets |
|
|
770 |
|
|
|
350 |
|
|
|
1,120 |
|
Investments in associates |
|
|
19 |
|
|
|
|
|
|
|
19 |
|
Total assets |
|
|
789 |
|
|
|
350 |
|
|
|
1,139 |
|
Total liabilities |
|
|
218 |
|
|
|
118 |
|
|
|
336 |
|
Segmental information for the year ended 30 June 2005
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New |
|
|
Asia |
|
|
Old |
|
|
|
International |
|
|
Pacific |
|
|
International |
|
|
|
£ million |
|
|
£ million |
|
|
£ million |
|
Sales |
|
|
1,552 |
|
|
|
872 |
|
|
|
2,424 |
|
Net sales |
|
|
1,258 |
|
|
|
664 |
|
|
|
1,922 |
|
Marketing |
|
|
143 |
|
|
|
126 |
|
|
|
269 |
|
Operating profit before exceptional items |
|
|
427 |
|
|
|
188 |
|
|
|
615 |
|
Exceptional items credited to operating profit |
|
|
4 |
|
|
|
|
|
|
|
4 |
|
Operating profit |
|
|
431 |
|
|
|
188 |
|
|
|
619 |
|
Sale of investments and businesses |
|
|
|
|
|
|
(1 |
) |
|
|
(1 |
) |
Share of associates profits after tax |
|
|
5 |
|
|
|
|
|
|
|
5 |
|
Profit before interest, net finance income and tax |
|
|
436 |
|
|
|
187 |
|
|
|
623 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
(34 |
) |
|
|
(15 |
) |
|
|
(49 |
) |
Intangible asset amortisation |
|
|
(3 |
) |
|
|
(3 |
) |
|
|
(6 |
) |
Capital expenditure on segment assets |
|
|
93 |
|
|
|
24 |
|
|
|
117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment assets |
|
|
779 |
|
|
|
324 |
|
|
|
1,103 |
|
Investments in associates |
|
|
22 |
|
|
|
|
|
|
|
22 |
|
Total assets |
|
|
801 |
|
|
|
324 |
|
|
|
1,125 |
|
Total liabilities |
|
|
240 |
|
|
|
103 |
|
|
|
343 |
|
4
Operating review for the six month period ended 31 December 2006
International
Key measures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First half |
|
|
First half |
|
|
Reported |
|
|
Organic |
|
|
|
F07 |
|
|
F06 |
|
|
movement |
|
|
movement |
|
|
|
£ million |
|
|
£ million |
|
|
% |
|
|
% |
|
Volume |
|
|
|
|
|
|
|
|
|
|
16 |
|
|
|
16 |
|
Net sales |
|
|
884 |
|
|
|
773 |
|
|
|
14 |
|
|
|
20 |
|
Marketing |
|
|
112 |
|
|
|
95 |
|
|
|
18 |
|
|
|
27 |
|
Operating profit |
|
|
298 |
|
|
|
253 |
|
|
|
18 |
|
|
|
25 |
|
Reported performance:
Reported net sales in the period ended 31 December 2006 were £884 million, up £111 million from
£773 million in the comparable prior period. Reported operating profit increased by £45 million to
£298 million for the six months ended 31 December 2006.
Organic performance:
Net sales decreased by £33 million as a result of exchange rate impacts. There was an organic
increase in net sales of £144 million. Operating profit decreased by £14 million as a result of
exchange rate movements and organic growth of £61 million was achieved. Transfers between business
segments reduced operating profit by £2 million.
Organic brand performance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported |
|
|
Organic |
|
|
Reported |
|
|
Organic |
|
|
|
volume |
|
|
volume |
|
|
net sales |
|
|
net sales |
|
|
|
movement |
|
|
movement |
|
|
movement |
|
|
movement |
|
|
|
% |
|
|
% |
|
|
% |
|
|
% |
|
Global priority brands |
|
|
16 |
|
|
|
16 |
|
|
|
12 |
|
|
|
18 |
|
Local priority brands |
|
|
9 |
|
|
|
9 |
|
|
|
12 |
|
|
|
17 |
|
Category brands |
|
|
20 |
|
|
|
19 |
|
|
|
19 |
|
|
|
23 |
|
Total |
|
|
16 |
|
|
|
16 |
|
|
|
14 |
|
|
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key brands: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smirnoff vodka |
|
|
10 |
|
|
|
10 |
|
|
|
(1 |
) |
|
|
9 |
|
Smirnoff ready to drink |
|
|
36 |
|
|
|
36 |
|
|
|
19 |
|
|
|
33 |
|
Johnnie Walker |
|
|
18 |
|
|
|
18 |
|
|
|
18 |
|
|
|
21 |
|
Guinness |
|
|
10 |
|
|
|
10 |
|
|
|
7 |
|
|
|
13 |
|
Baileys |
|
|
23 |
|
|
|
23 |
|
|
|
20 |
|
|
|
22 |
|
Buchanans Venezuela |
|
|
65 |
|
|
|
65 |
|
|
|
88 |
|
|
|
71 |
|
Smirnoff vodka grew volume 10% and net sales by 9% driven by increased distribution and successful
advertising throughout Latin America and in Africa. Smirnoff ready to drink volume grew 36% due to
continued growth in Brazil and the successful launch of Smirnoff Storm in South Africa.
Johnnie Walker continued to benefit from increased investment in Latin America. As a result, the
brand grew volume 18% and net sales 21%.
Guinness volume grew 10% driven by strong performances in Nigeria and East Africa due to increased
marketing spend, renewed customer focus and economic growth. Net sales grew by 13% as stronger
pricing in Nigeria delivered price mix improvement.
Baileys grew volume 23% reflecting the successful launch of Baileys flavours in Global Travel and
Latin America. Net sales grew by 22%.
5
Local priority brand performance was driven in particular by the growth of Buchanans in Venezuela.
The Scotch category drove very strong growth in category brands resulting in a 19% increase in
volume and a 23% increase in net sales. Old Parr, Buchanans (excluding Venezuela where it is a
local priority brand) and Black & White were all up, particularly in Latin America.
Asia Pacific
Key measures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First half |
|
|
First half |
|
|
Reported |
|
|
Organic |
|
|
|
F07 |
|
|
F06 |
|
|
movement |
|
|
movement |
|
|
|
£ million |
|
|
£ million |
|
|
% |
|
|
% |
|
Volume |
|
|
|
|
|
|
|
|
|
|
7 |
|
|
|
7 |
|
Net sales |
|
|
430 |
|
|
|
410 |
|
|
|
5 |
|
|
|
9 |
|
Marketing |
|
|
100 |
|
|
|
89 |
|
|
|
12 |
|
|
|
16 |
|
Operating profit |
|
|
115 |
|
|
|
118 |
|
|
|
(3 |
) |
|
|
|
|
Reported performance:
Reported net sales in the period ended 31 December 2006 were £430 million, up £20 million from £410
million in the comparable prior period. Reported operating profit decreased by £3 million to £115
million for the six months ended 31 December 2006.
Organic performance:
Net sales decreased by £17 million as a result of exchange rate impacts. There was an organic
increase in net sales of £37 million. Operating profit decreased by £1 million as a result of
exchange rate movements and transfers between business segments reduced operating profit by £2
million.
Organic brand performance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported |
|
|
Organic |
|
|
Reported |
|
|
Organic |
|
|
|
volume |
|
|
volume |
|
|
net sales |
|
|
net sales |
|
|
|
movement |
|
|
movement |
|
|
movement |
|
|
movement |
|
|
|
% |
|
|
% |
|
|
% |
|
|
% |
|
Global priority brands |
|
|
11 |
|
|
|
11 |
|
|
|
6 |
|
|
|
12 |
|
Local priority brands |
|
|
4 |
|
|
|
4 |
|
|
|
4 |
|
|
|
5 |
|
Category brands |
|
|
1 |
|
|
|
1 |
|
|
|
5 |
|
|
|
9 |
|
Total |
|
|
7 |
|
|
|
7 |
|
|
|
5 |
|
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Key brands: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smirnoff vodka |
|
|
17 |
|
|
|
17 |
|
|
|
14 |
|
|
|
24 |
|
Smirnoff ready to drink |
|
|
14 |
|
|
|
14 |
|
|
|
5 |
|
|
|
12 |
|
Johnnie Walker |
|
|
15 |
|
|
|
15 |
|
|
|
7 |
|
|
|
14 |
|
Guinness |
|
|
(4 |
) |
|
|
(4 |
) |
|
|
7 |
|
|
|
6 |
|
Windsor Korea |
|
|
13 |
|
|
|
13 |
|
|
|
15 |
|
|
|
13 |
|
Good growth of Smirnoff vodka in India and Australia led volume up 17%. Net sales increased by 24%
partly driven by a price increase in India. Smirnoff ready to drink volume grew 14% due to the
re-launch of Smirnoff Ice in Japan.
Johnnie Walker continued to benefit from increased investment throughout Asia and continued
activation of its grand prix team sponsorship. As a result, the brand grew volume 15% and net sales
were up 14%.
Guinness volume declined by 4% whilst growth in Japan and price increases drove net sales up 6%.
Local priority brand performance was driven by growth of Windsor in Korea which continued to
benefit from successful renovation and increased share by a further 3.0 percentage points.
6
In category brands, Dimple outside of Korea and Benmore in Thailand performed strongly and category
brand volume grew 1% with net sales up 9%.
Operating review for the year ended 30 June 2006
International
Key measures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported |
|
|
Organic |
|
|
|
2006 |
|
|
2005 |
|
|
movement |
|
|
movement |
|
|
|
£ million |
|
|
£ million |
|
|
% |
|
|
% |
|
Volume |
|
|
|
|
|
|
|
|
|
|
14 |
|
|
|
13 |
|
Net sales |
|
|
1,456 |
|
|
|
1,258 |
|
|
|
16 |
|
|
|
14 |
|
Marketing |
|
|
183 |
|
|
|
143 |
|
|
|
28 |
|
|
|
25 |
|
Operating profit before exceptional items |
|
|
445 |
|
|
|
427 |
|
|
|
4 |
|
|
|
11 |
|
Reported performance:
Reported net sales in the year ended 30 June 2006 were £1,456 million, up £198 million from £1,258
million in the prior year. Reported operating profit before exceptional items increased by £18
million to £445 million in the year ended 30 June 2006.
Organic performance:
Net sales increased by £6 million as a result of exchange rate impacts. Acquisitions added net
sales of £9 million and there was an organic increase in net sales of £179 million. Transfers
between business segments increased prior year net sales by £4 million. Operating profit before
exceptional items decreased by £26 million as a result of exchange rate movements. Acquisitions
increased operating profit before exceptional items by £1 million and organic growth of £44 million
was achieved. Transfers between business segments reduced prior year operating profit before
exceptional items by £1 million.
Organic brand performance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported |
|
|
Organic |
|
|
Reported |
|
|
Organic |
|
|
|
volume |
|
|
volume |
|
|
net sales |
|
|
net sales |
|
|
|
movement |
|
|
movement |
|
|
movement |
|
|
movement |
|
|
|
% |
|
|
% |
|
|
% |
|
|
% |
|
Global priority brands |
|
|
8 |
|
|
|
8 |
|
|
|
12 |
|
|
|
12 |
|
Local priority brands |
|
|
4 |
|
|
|
4 |
|
|
|
10 |
|
|
|
5 |
|
Category brands |
|
|
26 |
|
|
|
24 |
|
|
|
24 |
|
|
|
23 |
|
Total |
|
|
14 |
|
|
|
13 |
|
|
|
15 |
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smirnoff vodka |
|
|
6 |
|
|
|
6 |
|
|
|
10 |
|
|
|
10 |
|
Smirnoff ready to drink |
|
|
50 |
|
|
|
50 |
|
|
|
60 |
|
|
|
59 |
|
Johnnie Walker |
|
|
12 |
|
|
|
12 |
|
|
|
9 |
|
|
|
13 |
|
Guinness |
|
|
(3 |
) |
|
|
(3 |
) |
|
|
5 |
|
|
|
1 |
|
Baileys |
|
|
8 |
|
|
|
8 |
|
|
|
7 |
|
|
|
6 |
|
Buchanans |
|
|
34 |
|
|
|
34 |
|
|
|
47 |
|
|
|
40 |
|
Good economic conditions in many markets, further investment in the brands and a focus on market
place execution have resulted in the International business growing strongly in all regions.
Smirnoff vodka grew net sales by 10% led by strong growth in Brazil.
Guinness volume declined 3% whilst net sales were up 1%. Performance was held back as a result of a
decline in Cameroon, although this was partly offset by strong performances in Nigeria and Ghana
where price increases accelerated the growth of net sales ahead of volume.
7
Baileys grew volume by 8% driven by growth in Global Travel. Promotional activity in Global Travel
has, however, resulted in net sales growing by 6%.
Local priority brand performance was led by the growth of Buchanans in Venezuela. Growth of Bells
in South Africa was offset by declines in Tusker and Pilsner in Kenya.
The performance of category brands has been driven by the growth of Scotch in Latin America and our
beer brands in Africa. Investment behind Diageos Scotch brands has enabled the International
region to capitalise on market opportunities. Amongst the successes was Old Parr, which grew
significantly across Latin America with volume and net sales up nearly 60%. In beer, the successful
re-launch of Harp in Nigeria also contributed to the overall growth in category brands.
Ready to drink grew volume by 39% and net sales by 47%. Smirnoff ready to drink volume grew by 50%,
as a result of strengthened distribution and sales execution and advertising campaigns on Smirnoff
Ice in Brazil, as well as the launch of Smirnoff Ice in Venezuela and Smirnoff Storm in South
Africa.
Asia Pacific
Key measures:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported |
|
|
Organic |
|
|
|
2006 |
|
|
2005 |
|
|
movement |
|
|
movement |
|
|
|
£ million |
|
|
£ million |
|
|
% |
|
|
% |
|
Volume |
|
|
|
|
|
|
|
|
|
|
15 |
|
|
|
15 |
|
Net sales |
|
|
763 |
|
|
|
664 |
|
|
|
15 |
|
|
|
11 |
|
Marketing |
|
|
171 |
|
|
|
126 |
|
|
|
36 |
|
|
|
30 |
|
Operating profit |
|
|
199 |
|
|
|
188 |
|
|
|
6 |
|
|
|
5 |
|
Reported performance:
Reported net sales in the year ended 30 June 2006 were £763 million, up £99 million from £664
million in the prior year. Reported operating profit increased by £11 million to £199 million in
the year ended 30 June 2006.
Organic performance:
Net sales increased by £25 million as a result of exchange rate impacts. There was an organic
increase in net sales of £73 million. Transfers between business segments increased prior year net
sales by £1 million. Operating profit increased £3 million as a result of exchange rate movements
and organic growth of £10 million was achieved. Transfers between business segments reduced prior
year operating profit by £2 million.
Organic brand performance:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reported |
|
|
Organic |
|
|
Reported |
|
|
Organic |
|
|
|
volume |
|
|
volume |
|
|
net sales |
|
|
net sales |
|
|
|
movement |
|
|
movement |
|
|
movement |
|
|
movement |
|
|
|
% |
|
|
% |
|
|
% |
|
|
% |
|
Global priority brands |
|
|
19 |
|
|
|
19 |
|
|
|
18 |
|
|
|
16 |
|
Local priority brands |
|
|
5 |
|
|
|
5 |
|
|
|
14 |
|
|
|
5 |
|
Category brands |
|
|
15 |
|
|
|
14 |
|
|
|
9 |
|
|
|
5 |
|
Total |
|
|
15 |
|
|
|
15 |
|
|
|
15 |
|
|
|
11 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smirnoff vodka |
|
|
22 |
|
|
|
22 |
|
|
|
24 |
|
|
|
20 |
|
Smirnoff ready to drink |
|
|
16 |
|
|
|
16 |
|
|
|
27 |
|
|
|
22 |
|
Johnnie Walker |
|
|
23 |
|
|
|
23 |
|
|
|
19 |
|
|
|
19 |
|
Guinness |
|
|
6 |
|
|
|
6 |
|
|
|
13 |
|
|
|
9 |
|
Windsor Korea |
|
|
11 |
|
|
|
11 |
|
|
|
22 |
|
|
|
9 |
|
Increased marketing investment, growing markets in India and China, share gains in Korea and
Thailand and continued growth in ready to drink in Australia led to volume up 15% and net sales up
11% in Asia Pacific.
8
Smirnoff vodka increased net sales by 20% with particularly strong growth in India and continued
growth in Australia.
Johnnie Walker experienced strong growth on the back of upweighted investment, which has been
focused around its grand prix team sponsorship. This has been particularly successful in driving
growth of Johnnie Walker Black Label and Super Deluxe variants, where net sales were up 22%. The
sponsorship has also provided a strong platform for Diageos responsible drinking programmes.
Guinness volume grew by 6% whilst net sales were up 9% with both South East Asia and Japan
experiencing good growth.
Local priority brand performance was led by the return to growth of Windsor in Korea, driven in
particular by new packaging on the 12 and 17 year-old variants. This more than offset the decline
of Dimple in Korea. Bundaberg continued to grow in Australia.
Growth in category brands was driven by the newly launched whisky brands in Thailand.
Ready to drink volume increased by 10% and net sales by 9%. This was led by Australia where the
Smirnoff, Bundaberg and Johnnie Walker ready to drink brands all grew volume and net sales in the
year.
Cautionary statement concerning forward-looking statements
This document contains forward looking statements within the meaning of the Safe Harbor
provisions of the United Sates Private Securities Litigation Reform Act of 1995 with respect to the
financial condition, results of operations and business of Diageo and certain of the plans and
objectives of Diageo with respect to these items. In particular, all statements that express
forecasts, expectations and projections with respect to future matters, including trends in results
of operations, margins, growth rates, overall market trends, the return of capital, the impact of
interest or exchange rates, the availability of financing to Diageo, anticipated cost savings or
synergies and the completion of Diageos strategic transactions, are forward-looking statements.
By their nature, forward-looking statements involve risk and uncertainty because they relate to
events and depend on circumstances that will occur in the future. There are a number of factors
that could cause actual results and developments to differ materially from those expressed or
implied by these forward-looking statements, including factors that are outside Diageos control.
These factors include, but are not limited to:
|
|
|
increased competitive product and pricing pressures and unanticipated actions by
competitors that could impact Diageos market share, increase expenses and hinder growth
potential; |
|
|
|
|
the effects of future business combinations, partnerships, acquisitions or disposals,
existing or future, and the ability to realise expected synergies and/or costs savings; |
|
|
|
|
Diageos ability to complete existing or future acquisitions and disposals; |
|
|
|
|
legal and regulatory developments, including changes in regulations regarding
consumption of, or advertising for, beverage alcohol, changes in tax law ( including tax
rates ) or accounting standards, changes in taxation requirements, such as the impact of
excise tax increases with respect to the business and changes in environmental laws, health
regulations and the laws governing pensions; |
|
|
|
|
developments in the alcohol advertising class actions and any similar proceedings or
other litigation directed at the drinks and spirits industry; |
|
|
|
|
developments in the Colombian litigation and any similar proceedings; |
|
|
|
|
changes in consumer preferences and tastes, demographic trends or perception about
health related issues; |
9
|
|
|
changes in the cost of raw materials and labour costs; |
|
|
|
|
changes in economic conditions in countries in which Diageo operates, including changes
in levels of consumer spending; |
|
|
|
|
levels of marketing, promotional and innovation expenditure by Diageo and its competitors; |
|
|
|
|
renewal of distribution or licence manufacturing rights on favourable terms when they expire; |
|
|
|
|
termination of existing distribution or licence manufacturing rights on agency brands; |
|
|
|
|
technological developments that may affect the distribution of products or impede
Diageos ability to protect its intellectual property rights; and |
|
|
|
|
changes in financial and equity markets, including significant interest rate and foreign
currency exchange rate fluctuations, which may affect Diageos access to, or increase the
cost of, financing or which may affect Diageos financial results. |
All oral and written forward-looking statements made on or after the date of this announcement and
attributable to Diageo are expressly qualified in their entirety by the above factors and the risk
factors contained in the annual report on Form 20-F for the year ended 30 June 2006 filed with the
US Securities and Exchange Commission (SEC). Any forward-looking statements made by or on behalf of
Diageo speak only as of the date they are made. Diageo does not undertake to update forward-looking
statements to reflect any changes in Diageos expectations with regard thereto or any changes in
events, conditions or circumstances on which any such statement is based. The reader should,
however, consult any additional disclosures that Diageo may make in documents it files with the
SEC. All readers, wherever based, should take note of these disclosures.
The information in this announcement does not constitute an offer to sell or an invitation to buy
shares in Diageo plc or any other invitation or inducement to engage in investment activities.
Past performance cannot be relied upon as a guide to future performance.
-ENDS-
10
Contacts:
|
|
|
|
|
Investors Relations
|
|
Catherine James and Darren Jones
|
|
+ 44 (0) 20 7927 4267 |
|
|
|
|
|
|
|
investor.rel@diageo.com |
|
|
|
|
|
|
|
|
|
Kelly Padgett
|
|
+ 1 202 715 1110 |
|
|
|
|
|
Media Relations
|
|
Isabelle Thomas
|
|
+ 44 (0) 20 7927 5967 |
|
|
|
|
|
|
|
media@diageo.com |
|
|
Notes to Editor
Diageo is the worlds leading premium drinks business. With its global vision, and local marketing
focus, Diageo brings to consumers an outstanding collection of beverage alcohol brands across the
spirits, wine and beer categories including Smirnoff, Guinness, Johnnie Walker, Baileys, JeB, José
Cuervo, Captain Morgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines. Diageo
trades in some 180 countries around the world and is listed on both the New York Stock Exchange
(DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands
and performance, visit us at www.diageo.com
11
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:46 28-Jun-07 |
Number
|
|
2551Z |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 1,000,000 ordinary shares at a price of 1040.09 pence per share.
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
14:33 29-Jun-07 |
Number
|
|
PRNUK-2906 |
TO: Regulatory Information Service
PR Newswire
RE: PARAGRAPH 12.6.4 OF THE LISTING RULES
Diageo plc Transaction in Own Shares
Diageo plc (the Company) announces that today, it released from treasury 234
ordinary shares of 28 101/108 pence each in the Company (Ordinary Shares), to
satisfy grants made under employee share plans. The average price at which
these Ordinary Shares were released from treasury was 940.26 pence per share.
Following this release, the Company holds 280,236,931 Ordinary Shares as
treasury shares and the total number of Ordinary Shares in issue (excluding
shares held as treasury shares) is 2,649,348,933.
29 June 2007
END
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Total Voting Rights |
Released
|
|
14:35 29-Jun-07 |
Number
|
|
PRNUK-2906 |
TO: Regulatory Information Service
PR Newswire
RE: Paragraph 5.6.1 of the Disclosure and Transparency Rules
Diageo plc Voting Rights and Capital
In
conformity with Paragraph 5.6.1 of the Disclosure and
Transparency Rules
Diageo plc (the Company) would like to notify the market of the following:
The Companys issued capital consists of 2,929,585,864 ordinary shares of 28
101/108 pence each (Ordinary Shares) with voting rights, which includes
280,236,931 Ordinary Shares held in Treasury.
Therefore, the total number of voting rights in the Company is 2,649,348,933
and this figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the FSAs
Disclosure and Transparency Rules.
29 June 2007
|
|
|
Company
|
|
Diageo PLC |
TIDM
|
|
DGE |
Headline
|
|
Transaction in Own Shares |
Released
|
|
16:56 29-Jun-07 |
Number
|
|
3808Z |
Diageo plc announces that it has today purchased for cancellation through Credit Suisse Securities
(Europe) Limited 785,000 ordinary shares at a price of 1037.62 pence per share.
END