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Short-Term Deferred Incentive Plan

30 Nov 2017 11:00

RNS Number : 9864X
Mitchells & Butlers PLC
30 November 2017
 

30 November 2017

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 following Directors were granted awards on 29 November 2017 in respect of the year to 30 September 2017 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.

 

The Bonus Shares will be released in two equal tranches 12 and 24 months after deferral. On release of the Bonus Shares each Director 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

Phil Urban

28,639

29 November 2018

29 November 2019

Tim Jones

23,950

29 November 2018

29 November 2019

 

Denise Burton

Deputy Company Secretary

 

 

 

 

 

 

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

28,639

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

29 November 2017

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

23,950

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

 

N/A

e)

Date of the transaction

29 November 2017

f)

Place of the transaction

London Stock Exchange

 

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