Director/PDMR Shareholding

RNS Number : 3101J
Mitchells & Butlers PLC
01 December 2008
 



Directors and Persons Discharging Managerial Responsibilities' Interests


Performance Restricted Share Plan ('PRSP')


The Executive Directors of the Company, Tim Clarke, Mike Bramley, Adam Fowle and Jeremy Townsend today increased their holdings in the Company's shares through the exercise of PRSP options.


The Executive Directors sold only sufficient of the shares under option in order to finance the resultant tax, National Insurance liabilities and dealing costs arising on exercise.  


Details of the exercises are shown in the table below:





Director

No. of shares under option exercised

No. of shares sold to meet cost of exercise


Market value of shares


No. of shares retained

Tim Clarke

111,800

46,001

145.3168p

65,799

Mike Bramley

75,939

31,246

145.3168p

44,693

Adam Fowle

52,306

21,523

145.3168p

30,783

Jeremy Townsend

35,752

14,712

145.3168p

21,040


As a result of the above, the Executive Directors' share interests in the Company are:


Director

Ordinary

shares

Shares under option

Tim Clarke

1,006,287

2,231,871

Mike Bramley

558,778

1,226,628

Adam Fowle

66,940

776,655

Jeremy Townsend

45,531

637,202


In addition the following Person Discharging Managerial Interests increased their holding in the Company's shares through the exercise of PRSP options.  Again, only shares to finance the resultant tax, National Insurance liabilities and dealing costs arising on exercise were sold. Details are shown in the table below:





PDMR

No. of shares under option exercised

No. of shares sold to meet cost of exercise


Market value of shares


No. of shares retained

Bronagh Kennedy

39,686

16,330

145.3168p

23,356


As a result of the above, Bronagh Kennedy's share interests in the Company are:



PDMR

Ordinary

shares

Shares under option

Bronagh Kennedy

131,355

676,569



Contact details:


Rachel Benjamin

Assistant Company Secretary

Telephone 0121 498 5223



This information is provided by RNS
The company news service from the London Stock Exchange
 
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