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 Date

Second Release 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 financial instrument, type of instrument

 

Identification code

Ordinary shares in Mitchells & Butlers plc

 

 

 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

 

-      Price

 

 

N/A

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 financial instrument, type of instrument

 

Identification code

Ordinary shares in Mitchells & Butlers plc

 

 

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

 

-      Price

 

 

N/A

e)

Date of the transaction

28 November 2018

f)

Place of the transaction

London Stock Exchange

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHXKLFLVFFXFBB