Director/PDMR Shareholding

RNS Number : 9920W

Mitchells & Butlers PLC

29 November 2010

 



  29 November 2010

Short-Term Deferred Incentive Plan

Under the terms of the Company's Short-Term Deferred Incentive Plan (the "Plan"), the following Director and other members of the Executive Committee (all PDMRs) have today been granted awards in respect of the year to 25 September 2010 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 Adam Fowle will be deferred into Bonus Shares, and the excess over 75% of base salary, earned by reference to Financial Year 2010, of the other members of the Executive Committee, as detailed below, 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 PDMRs 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
Adam Fowle (Director)	68,089	29 November  2011	29 November  2012
Amanda Coldrick	9,225	29 November  2011	29 November  2012
Adam Martin	4,756	29 November  2011	29 November  2012
Roger Moxham	6,783	29 November  2011	29 November  2012
Saudagar Singh	1,291	29 November  2011	29 November  2012
Kevin Todd	9,225	29 November  2011	29 November  2012
Robin Young	1,325	29 November  2011	29 November  2012

 

Carolyn Trousdale

Deputy Company Secretary

Tel [phone]

 

END

 

 

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