Mitchells & Butlers PLC Director/PDMR Shareholding (9438I)
November 29 2018 - 8:00AM
UK Regulatory
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
------------------------------- -----------------------------------------
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
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