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
Identification code | Ordinary shares in Mitchells & Butlers plc
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) |
| ||||
| 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
Identification code | Ordinary shares in Mitchells & Butlers plc
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) |
| ||||
| 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
Identification code | Ordinary shares in Mitchells & Butlers plc
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) |
| ||||
| 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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