REG - Mitchells & Butlers - Director/PDMR Shareholding
07/12/2023 10:30
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RNS Number : 0444W Mitchells & Butlers PLC 07 December 2023
7 December 2023
Mitchells & Butlers plc
LEI no. 213800JHYNDNB1NS2W10
Director/PDMR Shareholding
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 notification /Amendment Initial notification
3 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 Ordinary shares in Mitchells & Butlers plc
Identification code
GB00B1FP6H53
b) Nature of the transaction Grant of a conditional share award under the Mitchells & Butlers 2023
Short-Term Deferred Incentive Plan.
Under the terms of the Company's 2023 Short-Term Deferred Incentive Plan (the
STDIP), Phil Urban was granted an award on 6 December 2023 in respect of the
year to 30 September 2023 under which part of his 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
will be deferred into Bonus Shares under the terms of the STDIP in accordance
with the Remuneration Policy.
The Bonus Shares will be released in two equal tranches, 12 and 24 months
after deferral. On release of the Bonus Shares Phil Urban will also receive
shares with a market value equal to any aggregate gross dividend paid on the
Bonus Shares prior to the release date.
On release, the shares are also subject to post cessation holding requirements
as detailed in the Company's Remuneration Policy.
c) Price(s) and volume(s)
Price Volume
Nil 121,496
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 6 December 2023
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
6 December 2023
f)
Place of the transaction
n/a
Mitchells & Butlers plc
LEI no. 213800JHYNDNB1NS2W10
Director/PDMR Shareholding
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 notification /Amendment Initial notification
3 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 Ordinary shares in Mitchells & Butlers plc
Identification code
GB00B1FP6H53
b) Nature of the transaction Grant of a conditional share award under the Mitchells & Butlers 2023
Short-Term Deferred Incentive Plan.
Under the terms of the Company's 2023 Short-Term Deferred Incentive Plan (the
STDIP), Tim Jones was granted an award on 6 December 2023 in respect of the
year to 30 September 2023 under which part of his 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
will be deferred into Bonus Shares under the terms of the STDIP in accordance
with the Remuneration Policy.
The Bonus Shares will be released in two equal tranches, 12 and 24 months
after deferral. On release of the Bonus Shares Tim Jones will also receive
shares with a market value equal to any aggregate gross dividend paid on the
Bonus Shares prior to the release date.
On release, the shares are also subject to post cessation holding requirements
as detailed in the Company's Remuneration Policy.
c) Price(s) and volume(s)
Price Volume
Nil 101,667
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 6 December 2023
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
6 December 2023
f)
Place of the transaction
n/a
Mitchells & Butlers plc
LEI no. 213800JHYNDNB1NS2W10
Director/PDMR Shareholding
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Freeman
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 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 Ordinary shares in Mitchells & Butlers plc
Identification code
GB00B1FP6H53
b) Nature of the transaction Grant of a conditional share award under the Mitchells & Butlers 2023
Short-Term Deferred Incentive Plan.
Under the terms of the Company's 2023 Short-Term Deferred Incentive Plan (the
STDIP), Andrew Freeman was granted an award on 6 December 2023 in respect of
the year to 30 September 2023 under which part of his annual bonus has been
deferred into a conditional award of ordinary shares of the Company (the
'Bonus Shares').
The Remuneration Committee has determined that 21% of the annual bonus awarded
will be deferred into Bonus Shares under the terms of the STDIP.
The Bonus Shares will be released in two equal tranches, 12 and 24 months
after deferral. On release of the Bonus Shares Andrew Freeman will also
receive shares with a market value equal to any aggregate gross dividend paid
on the Bonus Shares prior to the release date.
c) Price(s) and volume(s)
Price Volume
Nil 22,547
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 6 December 2023
f) Place of the transaction n/a
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
6 December 2023
f)
Place of the transaction
n/a
Enquiries:
Denise Burton
Deputy Company Secretary
0121 498 6514
7 December 2023
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