5th Dec 2006 17:00
Mitchells & Butlers PLC05 December 2006 5 December 2006 Short Term Deferred Incentive Plan Under the terms of the Company's Short Term Deferred Incentive Plan (the"Plan"), the Directors have today been awarded annual bonuses in respect of theyear to 30 September 2006 deferred into ordinary shares of the Company (the"Bonus Shares"). At the discretion of the Remuneration Committee, 100% of the annual bonus forTony Hughes, 75% of the annual bonus for Tim Clarke and 50% of the annual bonusfor Mike Bramley and Karim Naffah, has been deferred into shares. Under the terms of the Plan, Matching Shares have also been awarded on the basisof one Matching Share for every one Bonus Share. Vesting of these MatchingShares is conditional upon the satisfaction of a three year performancecondition. Name Bonus Shares Matching Shares Total Shares Release Date Awarded Mike Bramley 19,455 19,455 38,910 5 December 2009Tim Clarke 44,187 44,187 88,374 5 December 2009Tony Hughes 38,910 38,910 77,820 5 December 2009Karim Naffah 21,121 21,121 42,242 5 December 2009 Victoria M Penrice0121 498 6514 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers