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Pin to quick picksMitchells & Butlers Regulatory News (MAB)

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Director/PDMR Shareholding

28 Nov 2011 17:20

RNS Number : 9187S
Mitchells & Butlers PLC
28 November 2011
 



28 November 2011

 

 

 

Short-Term Deferred Incentive Plan

 

 

Under the terms of the Company's Short-Term Deferred Incentive Plan (the "Plan"), the following Director has today been granted an award in respect of the year to 24 September 2011 under which part of their annual bonus has been deferred into a conditional award of ordinary shares of the Company (the "Bonus Shares").

 

The Board has determined that 50% of the annual bonus awarded to Tim Jones will be deferred into ordinary shares ("Bonus Shares"). The balance will be paid to Tim Jones through Payroll.

 

The Bonus Shares will be released in two equal tranches 12 and 24 months after deferral.

 

Name

Bonus Shares

First Release Date

Second Release Date

Tim Jones (Director)

13,041

28 November 2012

28 November 2013

 

 

 

 

Denise Burton

Deputy Company Secretary

Tel 0121 498 6514

 

 

 

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