Mitchells & Butlers PLC Short-Term Deferred Incentive Plan (9864X)

TIDMMAB

RNS Number : 9864X

Mitchells & Butlers PLC

30 November 2017

30 November 2017

Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10

Short-Term Deferred Incentive Plan

Under the terms of the Company's 2013 Short-Term Deferred Incentive Plan, the following Directors were granted awards on 29 November 2017 in respect of the year to 30 September 2017 under which part of their annual bonus has been deferred into a conditional award of ordinary shares of the Company (the 'Bonus Shares').

The Remuneration Committee has determined that 50% of the annual bonus awarded to Phil Urban and Tim Jones will be deferred into Bonus Shares.

The Bonus Shares will be released in two equal tranches 12 and 24 months after deferral. On release of the Bonus Shares each Director will also receive shares with a market value equal to the aggregate gross dividend paid on the Bonus Shares prior to the release date. No Matching Share award has been granted.

 
 Name         Bonus Shares   First Release   Second Release 
                                  Date            Date 
 Phil Urban      28,639       29 November     29 November 
                                  2018            2019 
 Tim Jones       23,950       29 November     29 November 
                                  2018            2019 
 

Denise Burton

Deputy Company Secretary

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name                            Phil Urban 
---  ------------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------ 
 a)   Position/status                 Director 
---  ------------------------------  ---------------------------------- 
 b)   Initial/Amendment               Initial 
       notification 
---  ------------------------------  ---------------------------------- 
      Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                            Mitchells & Butlers plc 
---  ------------------------------  ---------------------------------- 
 b)   LEI                             213800JHYNDNB1NS2W10 
---  ------------------------------  ---------------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv) each place where transactions have 
       been conducted 
---  ------------------------------------------------------------------ 
 a)   Description of                  Ordinary shares in Mitchells 
       the financial                   & Butlers plc 
       instrument, type 
       of instrument 
                                       GB00B1FP6H53 
       Identification 
       code 
---  ------------------------------  ---------------------------------- 
 b)   Nature of the                   Grant of a conditional share 
       transaction                     award under the Mitchells & 
                                       Butlers 2013 Short-Term Deferred 
                                       Incentive Plan 
---  ------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)            Price    Volume 
                                        -------  ------- 
                                         Nil      28,639 
                                        -------  ------- 
---  ------------------------------  ---------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume     N/A 
 
 
 
             *    Price 
---  ------------------------------  ---------------------------------- 
 e)   Date of the transaction         29 November 2017 
---  ------------------------------  ---------------------------------- 
 f)   Place of the transaction        London Stock Exchange 
---  ------------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------------ 
 a)   Name                            Tim Jones 
---  ------------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------ 
 a)   Position/status                 Director 
---  ------------------------------  ---------------------------------- 
 b)   Initial/Amendment               Initial 
       notification 
---  ------------------------------  ---------------------------------- 
      Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------ 
 a)   Name                            Mitchells & Butlers plc 
---  ------------------------------  ---------------------------------- 
 b)   LEI                             213800JHYNDNB1NS2W10 
---  ------------------------------  ---------------------------------- 
 4    Details of the transaction(s): section to be 
       repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; 
       and (iv) each place where transactions have 
       been conducted 
---  ------------------------------------------------------------------ 
 a)   Description of                  Ordinary shares in Mitchells 
       the financial                   & Butlers plc 
       instrument, type 
       of instrument 
                                       GB00B1FP6H53 
       Identification 
       code 
---  ------------------------------  ---------------------------------- 
 b)   Nature of the                   Grant of a conditional share 
       transaction                     award under the Mitchells & 
                                       Butlers 2013 Short-Term Deferred 
                                       Incentive Plan 
---  ------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)            Price    Volume 
                                        -------  ------- 
                                         Nil      23,950 
                                        -------  ------- 
---  ------------------------------  ---------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume     N/A 
 
 
 
             *    Price 
---  ------------------------------  ---------------------------------- 
 e)   Date of the transaction         29 November 2017 
---  ------------------------------  ---------------------------------- 
 f)   Place of the transaction        London Stock Exchange 
---  ------------------------------  ---------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 30, 2017 06:00 ET (11:00 GMT)