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Mitchells & Butlers PLC — Director's Dealing 2019
Nov 27, 2019
4826_dirs_2019-11-27_9d41e265-ff07-436e-b653-dd8d2e8b0e27.html
Director's Dealing
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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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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