5 Jan 2015 14:23
5 January 2015
MITCHELLS & BUTLERS PLC
NOTIFICATION OF A TRANSACTION OF A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES
Performance Restricted Share Plan ("PRSP")
Option Grant
The following PRSP option was granted to a Person Discharging Managerial Responsibilities ("PDMR") on 5 January 2015 in respect of the FY 2015-2017 performance cycle for the PRSP, pro-rated for the period since joining the Company.
This option will be exercisable for the two year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum entitlement on satisfaction of the performance conditions in full is shown below:
PDMR | Number of shares under option |
Phil Urban | 61,738 |
Denise Burton
Deputy Company Secretary
0121 498 6514
Mitchells & Butlers (MAB)