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 Date | Second Release Date |
| Phil Urban | 28,639 | 29 November 2018 | 29 November 2019 |
| Tim Jones | 23,950 | 29 November 2018 | 29 November 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 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) | ||
| 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) | |
| d) | ||
| 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 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) | ||
| 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) | |
| d) | ||
| e) | Date of the transaction | 29 November 2017 |
| f) | Place of the transaction | London Stock Exchange |