Business Context and Reporting Period
This Form 6-K filing by Diageo plc covers the period from 1 May 2026 to 31 May 2026. The report serves as a notification of public announcements made to the London Stock Exchange, including updates on total voting rights, director and person discharging managerial responsibilities (PDMR) shareholdings, and the sterling equivalent of the interim dividend.
Key Financial Metrics and Capital Structure
The filing provides specific data regarding capital structure and dividend distribution but does not contain operational financial results such as revenue, profit, or cash flow for the period.
- Issued Capital (as of 30 April 2026): 2,432,425,480 Ordinary Shares of 28 101/108 pence each.
- Treasury Shares: 205,839,923 Ordinary Shares (voting rights not exercised).
- Total Voting Rights: 2,226,585,557.
- Interim Dividend: 14.94 pence per ordinary share (Sterling equivalent of 20.00 US cents).
- Dividend Payment Date: 4 June 2026.
- Exchange Rate Used: US$1 = £0.74700.
Note: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Share Transactions
The filing details several share transactions by directors and executive committee members during May 2026, primarily involving share incentive plans and open market purchases.
- Chairman Purchase: On 11 May 2026, Sir John Manzoni purchased 425 shares at £15.45 per share.
- Executive Committee Purchases (Share Incentive Plans): On 11 May 2026, multiple executives (including Louise Prashad, Dayalan Nayager, Randall Ingber, Ewan Andrew, Dan Mobley, and Nik Jhangiani) purchased partnership shares via salary deductions at approximately £15.42 per share and received matching shares.
- Stock Award Release: On 14 May 2026, John O'Keeffe received 77,456 shares under the Exceptional Stock Award Plan and sold 18,564 shares at £14.98 to cover tax liabilities.
- Non-Executive Director Purchase: On 18 May 2026, John Rishton purchased 3,274 shares at £15.27 per share.
- One World Share Incentive Plan: On 18 May 2026, Hannah Brooks and John O'Keeffe participated in the One World Share Incentive Plan, purchasing partnership shares and receiving matching awards.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard regulatory disclosures regarding shareholding changes. The announcement of the sterling equivalent of the interim dividend confirms the company's commitment to shareholder returns based on the exchange rate achieved through forward contracts.
Investor Verification Checklist
- Verify the dividend payment date of 4 June 2026 and the record date (refer to the 25 February 2026 announcement).
- Confirm the total voting rights denominator (2,226,585,557) for calculating ownership thresholds under FCA rules.
- Review the exchange rate of US$1 = £0.74700 used for the dividend conversion to assess currency impact on returns.
- Monitor the share price relative to the transaction prices reported (ranging from £14.98 to £15.45) to gauge insider sentiment.
- Check the 25 February 2026 announcement for full details on the interim dividend declaration.