Short-Term Deferred Incentive Plan

RNS Number : 8652U

Mitchells & Butlers PLC

27 November 2019

 

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)	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 46,965
d)	Aggregated information -      Aggregated volume -      Price	N/A
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)	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 39,285
d)	Aggregated information -      Aggregated volume -      Price	N/A
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)	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 4,396
d)	Aggregated information -      Aggregated volume -      Price	N/A
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)	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 3,855
d)	Aggregated information -      Aggregated volume -      Price	N/A
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)	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 3,776
d)	Aggregated information -      Aggregated volume -      Price	N/A
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)	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 3,499
d)	Aggregated information -      Aggregated volume -      Price	N/A
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)	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 4,697
d)	Aggregated information -      Aggregated volume -      Price	N/A
e)	Date of the transaction	26 November 2019
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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