Mitchells & Butlers PLC Director/PDMR Shareholding (9438I)

TIDMMAB

RNS Number : 9438I

Mitchells & Butlers PLC

29 November 2018

29 November 2018

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 28 November 2018 in respect of the year to 29 September 2018 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      36,988      28 November 2019   28 November 2020 
 Tim Jones       30,932      28 November 2019   28 November 2020 
 

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 notification   Initial 
     -------------------------------  ----------------------------------------- 
      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 the               Ordinary shares in Mitchells & Butlers 
       financial instrument,            plc 
       type of instrument 
 
       Identification code              GB00B1FP6H53 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Grant of a conditional share award under 
                                        the Mitchells & Butlers 2013 Short-Term 
                                        Deferred Incentive Plan 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)             Price    Volume 
                                          Nil      36,988 
                                                  ------- 
     -------------------------------  ----------------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume      N/A 
 
 
 
             *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          28 November 2018 
     -------------------------------  ----------------------------------------- 
 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 notification   Initial 
     -------------------------------  ----------------------------------------- 
      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 the               Ordinary shares in Mitchells & Butlers 
       financial instrument,            plc 
       type of instrument 
 
       Identification code              GB00B1FP6H53 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Grant of a conditional share award under 
                                        the Mitchells & Butlers 2013 Short-Term 
                                        Deferred Incentive Plan 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)             Price    Volume 
                                          Nil      30,932 
                                                  ------- 
     -------------------------------  ----------------------------------------- 
 d)        Aggregated information 
 
             *    Aggregated volume      N/A 
 
 
 
             *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          28 November 2018 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         London Stock Exchange 
     -------------------------------  ----------------------------------------- 
 

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November 29, 2018 09:00 ET (14:00 GMT)