Mitchells & Butlers PLC Short-Term Deferred Incentive Plan (9864X)
November 30 2017 - 6:00AM
UK Regulatory
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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