Business
PRSP Option Grant
PRSP Option Grant.
About this update from Mitchells & Butlers Plc
[{"type":"text","content":"\n \nRNS Number : 8036C Mitchells & Butlers PLC 30 June 2016 \n\n30 June 2016\n \nMITCHELLS & BUTLERS PLC\n \nNOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY\n \nPerformance Restricted Share Plan (\"PRSP\")\nOption Grant\n \nThe following PRSP options were granted to Directors and Persons Discharging Managerial Responsibilities (\"PDMRs\") on 29 June 2016 in respect of the FY 2016-2018 performance cycle for the PRSP. The calculations for the awards were based on a share price of 267.70p. \n \nThese options will be exercisable for the two year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum entitlements on satisfaction of the performance conditions in full are shown in the table below:\n \n \n\n\n\n\nDirector\n\n\nNo. of shares\nunder option\n\n\n\n\nPhil Urban\n\n\n381,022\n\n\n\n\nTimothy Jones\n\n\n223,048\n\n\n\n\n\n \n\n\n\n\nPDMR\n\n\nNo. of shares\nunder option\n\n\n\n\nSusan Chappell\n\n\n67,000\n\n\n\n\nNick Crossley\n\n\n67,000\n\n\n\n\nDennis Deare\n\n\n67,000\n\n\n\n\nChris Hopkins\n\n\n73,962\n\n\n\n\nGary John\n\n\n84,048\n\n\n\n\nSusan Martindale\n\n\n80,686\n\n\n\n\nGreg McMahon\n\n\n74,802\n\n\n\n\nRob Pitcher\n\n\n67,000\n\n\n\n\n \nDenise Burton\nDeputy Company Secretary\n0121 498 6514\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DSHBGGDLDGXBGLG\n ","length":3292,"tagName":"div"}]