Key Features
You can purchase Partnership Shares once you reach 12 months' continuous employment.
You can contribute between £5 and £138 (or a maximum of 10% of your income) every 4 weeks.
The shares are held for you in a Trust handled by Equiniti Share Plan Trustees Limited (The Trustee).
You will be able to instruct the Trustee on how to vote at Mitchells & Butlers General Meetings.
Receive dividends when payable.
There is no need to reapply, if you are already investing in Partnership Shares then your contributions will continue.
Timeline
0-3 Years
- You can sell your shares at any time
- Your Partnership Shares are liable for Income Tax and NICs, which are calculated on the market value of the shares on the date they cease to be in the Share Incentive Plan (SIP)*
- If you sell, taxes will be deducted out of the sale proceeds before being paid to you
- If you transfer your shares out of the Trust, a number of your shares will be sold to cover your taxes before being transferred
* The date you withdraw these from the Trust
3-5 Years
- Income tax and NICs are calculated on the lower of the purchase share price and the market value of shares on the date they cease to be in the SIP*
* The date you withdraw these from the Trust
5+ Years
- Partnership Shares held for more than 5 years are not liable for Income Tax and NICs
- The sale proceeds are sent direct to you
How your shares could grow over time
| Market value of shares | Value of 4-weekly investment (inc. any carried forward) | Number of Partnership Shares puchased | Cost of Partnership Shares purchased | Balance to carry forward | Total number of Partnership Shares owned | |
|---|---|---|---|---|---|---|
| Purchase 1 | £1.60 | £100 | 62 | £99.20 | £0.80 | 62 |
| Purchase 2 | £1.90 | £100.80 | 53 | £100.70 | £0.10 | 115 |
| Purchase 3 | £1.50 | £100.10 | 66 | £99 | £1.10 | 181 |
* The above share prices are for illustrative purposes only. Share prices go up and down.
How To Join
Via the ESP Portal
You can join the Partnership Shares Plan by logging into the Equiniti Limited (‘EQ’) Employee Share Plans (‘ESP’) Portal online.
You will need your Payroll number to access the ESP Portal, you can find this on your payslip.
Visit esp-portal.com You will need your Payroll number.
- Click Register and follow the instructions on screen.
- If you have an @mbplc.com email address, please use that. You’ll be emailed your activation code.
- If you don’t register with an @mbplc.com email address, your code will be posted out to you.
Remember
you don’t need to wait for your activation code to join
and you dont need to sign up for an ESP portal account.
Log into esp-portal.com
Click on the 'I want to' section and follow the instructions.
Join online now