8th Dec 2005 14:04
Mitchells & Butlers PLC08 December 2005 8 December 2005 Directors' Interests SHORT TERM DEFERRED INCENTIVE PLAN The first tranch 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 18,536 104,907Tim Clarke 35,275 540,867Tony Hughes 23,171 122,998Karim Naffah 24,899 235,713 EMPLOYEE BENEFIT TRUST The Employee Benefit Trust (the "Trust") yesterday purchased 380,000 Mitchells &Butlers ordinary shares at a price of 391.0888p per share. Following this transaction and the releases referred to above, the balance inthe Trust is 1,063,062 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