TIDMMAB

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        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Ordinary shares in Mitchells & Butlers 
       financial instrument,       plc 
       type of instrument 
 
       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 
     --------------------------  --------------------------------------------- 
 

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        Initial notification 
       /Amendment 
     --------------------------  --------------------------------------------- 
 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          Ordinary shares in Mitchells & Butlers 
       financial instrument,       plc 
       type of instrument 
 
       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 
     --------------------------  --------------------------------------------- 
 

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        Initial notification 
       /Amendment 
     --------------------------  ------------------------------------------- 
 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          Ordinary shares in Mitchells & Butlers 
       financial instrument,       plc 
       type of instrument 
 
       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 
     --------------------------  ------------------------------------------- 
 

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

7 December 2023

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END

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December 07, 2023 05:30 ET (10:30 GMT)

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