6th Dec 2005 11:00
Mitchells & Butlers PLC06 December 2005 6 December 2005 Short Term Deferred Incentive Plan Under the terms of the Company's Short Term Deferred Incentive Plan ("thePlan"), the Directors have been awarded on 5 December 2005 annual bonuses inrespect of the year to 1 October 2005 deferred into ordinary shares of theCompany (the "Bonus Shares"). At the discretion of the Remuneration Committee, 100% of the annual bonus forMike Bramley and Tony Hughes has been deferred into shares; Tim Clarke and KarimNaffah, having already acquired their mandatory stockholding level, have had 50%of their bonus 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 Matching Total Release Date Shares Shares Shares AwardedMike Bramley 46,666 46,666 93,332 5 December 2008Tim Clarke 37,948 37,948 75,896 5 December 2008Tony Hughes 51,084 51,084 102,168 5 December 2008Karim Naffah 27,002 27,002 54,004 5 December 2008 Victoria M Penrice0121 498 4189 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers