27 November 2019
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 STDIP), the following Directors and PDMRs were granted awards on 26 November 2019 in respect of the year to 28 September 2019 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 under the terms of the STDIP in accordance with the Remuneration Policy. Similarly, the Remuneration Committee has confirmed that, in accordance with the STDIP, the other members of the Executive Committee listed below have had part of their annual bonus satisfied by the issue of Bonus Shares to be held and released in the exact same way and timescale as applies to the Executive Directors.
The Bonus Shares will be released in two equal tranches, 12 and 24 months after deferral. On release of the Bonus Shares each Director or PDMR listed below will also receive shares with a market value equal to any 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 | 46,965 | 26 November 2020 | 26 November 2021 |
| Tim Jones | 39,285 | 26 November 2020 | 26 November 2021 |
| Susan Martindale | 4,396 | 26 November 2020 | 26 November 2021 |
| Gary John | 3,855 | 26 November 2020 | 26 November 2021 |
| Chris Hopkins | 3,776 | 26 November 2020 | 26 November 2021 |
| Greg McMahon | 3,499 | 26 November 2020 | 26 November 2021 |
| Susan Chappell | 4,697 | 26 November 2020 | 26 November 2021 |
Denise Burton
Deputy Company Secretary
27 November 2019
| 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 | 26 November 2019 |
| 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 | 26 November 2019 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Susan Martindale |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| 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 | 26 November 2019 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Gary John |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| 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 | 26 November 2019 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Chris Hopkins |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| 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 | 26 November 2019 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Greg McMahon |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| 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 | 26 November 2019 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Susan Chappell |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| 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 | 26 November 2019 |
| f) | Place of the transaction | London Stock Exchange |