8th Dec 2006 11:00
Mitchells & Butlers PLC08 December 2006 8 December 2006 Directors' Interests SHORT TERM DEFERRED INCENTIVE PLAN The second tranche of shares (equivalent to one third of the conditional awardmade in respect of the 2003/04 annual bonus) under the Short Term DeferredIncentive Plan was released yesterday. Accordingly, shares have been transferred from the Mitchells & Butlers EmployeeBenefit Trust, net of tax and NI liabilities, to directors as follows: Director Number of Total number of shares shares held after this awardMike Bramley 18,537 412,171Tim Clarke 35,275 790,348Tony Hughes 23,171 317,305Karim Naffah 24,900 321,655 EMPLOYEE BENEFIT TRUST The Employee Benefit Trust (the "Trust") yesterday purchased 140,000 Mitchells &Butlers ordinary shares at a price of 722.4p per share. Following this transaction and the releases referred to above, the balance inthe Trust is 1,014,151 Mitchells & Butlers shares. The executive directors ofthe Company, Mike Bramley, Tim Clarke, Tony Hughes and Karim Naffah, aretechnically deemed to be interested in these shares as potential beneficiariesunder the Trust. Victoria M Penrice 0121 498 6514 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers