Mitchells & Butlers PLC — Director's Dealing 2023

Dec 8, 2023

National Storage Mechanism | Additional information

RNS Number : 1961W

Mitchells & Butlers PLC

08 December 2023

8 December 2023

Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10

Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Phil Urban

2 

Reason for the notification 

a) 

Position/status 

Director

b) 

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) 

Name 

Mitchells & Butlers plc

b) 

LEI 

213800JHYNDNB1NS2W10

4 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) 

Description of the financial instrument, type of instrument

Identification code 

Ordinary shares in Mitchells & Butlers plc

GB00B1FP6H53

b)

Nature of the transaction

Exercise of an option over 173,807 shares on 5 December 2023 arising on the vesting of an award under the Mitchells & Butlers Restricted Share Plan ("RSP"), followed by the sale of 81,939 shares on 7 December 2023 in order to discharge the tax and National Insurance contributions arising on that exercise.  The disposal of shares to satisfy tax and National Insurance arising on exercise of incentive awards is consistent with the Company's shareholding policy which forms part of the Company's approved remuneration policy. The remainder of the shares after disposal will be retained and held by the director concerned in accordance with that shareholding policy.  The retained shares are also subject to post cessation holding requirements as detailed in the Company's Remuneration Policy.

c) 

Price(s) and volume(s) 

Price(s)	Volume(s)
£Nil (exercise price) £2.297912 (sale price)	173,807 exercised, of which 91,868 were retained and 81,939 were sold

d)

Aggregated information 

- Aggregated volume 

- Price 

N/A (single transaction)

e) 

Date of the transaction 

7 December 2023

f)

Place of the transaction 

London Stock Exchange

Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10

Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Jones

2 

Reason for the notification 

a) 

Position/status 

Director

b) 

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a) 

Name 

Mitchells & Butlers plc

b) 

LEI 

213800JHYNDNB1NS2W10

4 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 

a) 

Description of the financial instrument, type of instrument

Identification code 

Ordinary shares in Mitchells & Butlers plc

GB00B1FP6H53

b)

Nature of the transaction

Exercise of an option over 145,407 shares on 5 December 2023 arising on the vesting of an award under the Mitchells & Butlers Restricted Share Plan ("RSP"), followed by the sale of 68,557 shares on 7 December 2023 in order to discharge the tax and National Insurance contributions arising on that exercise.  The disposal of shares to satisfy tax and National Insurance arising on exercise of incentive awards is consistent with the Company's shareholding policy which forms part of the Company's approved remuneration policy. The remainder of the shares after disposal will be retained and held by the director concerned in accordance with that shareholding policy.  The retained shares are also subject to post cessation holding requirements as detailed in the Company's Remuneration Policy.

c) 

Price(s) and volume(s) 

Price(s)	Volume(s)
£Nil (exercise price) £2.297912 (sale price)	145,407 exercised, of which 76,850 were retained and 68,557 were sold

d)

Aggregated information 

- Aggregated volume 

- Price 

N/A (single transaction)

e) 

Date of the transaction 

7 December 2023

f)

Place of the transaction 

London Stock Exchange

Enquiries:

Denise Burton

Deputy Company Secretary, 0121 498 6514

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