Share Transfer by Trustee to Satisfy Sharesave Options
January 05 2004 - 5:24AM
UK Regulatory
CADBURY SCHWEPPES plc (the "Company")
TRANSFER OF SHARES BY TRUSTEE TO SATISFY SHARESAVE OPTIONS
Date of Transaction: 2 January 2004
Date Company Informed: 2 January 2004
On 2 January 2004 Cadbury Schweppes Group Trustees Limited, a wholly owned
subsidiary of the Company, as Trustee of the Cadbury Schweppes plc Qualifying
Employee Share Ownership Trust (the "QUEST") transferred at �3.414 per share, a
total of 996,754 Ordinary Shares of 12.5p each (the "Shares") in the Company.
The QUEST is a discretionary trust, under which all employees, both current and
former, and executive directors of the Company are potentially beneficially
entitled to any shares which it acquires. Therefore, DJ Kappler, RJ Stack, HT
Stitzer and
JM Sunderland, as potential beneficiaries under the QUEST and as executive
directors of the Company, are deemed to be interested in the Shares, whilst
they are held in trust.
The shares were transferred to participants, including D J Kappler (a separate
announcement concerning this will be made) but not the remaining executive
directors named above, of the Company's Savings-Related Share Option Scheme
("Sharesave") to satisfy the exercise of options. Accordingly, as at close of
business on 2 January 2004, the QUEST holds a balance of 55,683 shares in the
Company.
Name and signature of authorised company official responsible for making this
notification:
J M Mills
Group Deputy Secretary
Date of Notification: 5 January 2004
Name of contact and telephone number for queries:
Gina Brancher Tel: 020 7830 5181
END