REG - Mitchells & Butlers - Director/PDMR Shareholding
31/01/2024 14:30
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RNS Number : 5740B Mitchells & Butlers PLC 31 January 2024
31 January 2024
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 Ordinary shares in Mitchells & Butlers plc (Shares)
Identification code
GB00B1FP6H53
b) Nature of the transaction Option granted on 31 January 2024 in respect of the FY 2024-2026 performance
cycle for the Performance Share Plan.
This option will be exercisable for the ninety day period following the end of
the performance cycle, subject to the satisfaction of performance conditions,
details of which have been disclosed in the 2023 annual report on Directors
Remuneration and can be found on the Company's website. The maximum Share
entitlement on satisfaction of the performance conditions in full is shown in
(c) below (excluding any dividend equivalent shares that may be received by
the participant in respect of any Shares that vest under the option). Vested
shares are subject to a two year holding period.
c) Price(s) and volume(s) The option is granted over a maximum of 467,307 Shares. The share price used
to determine the number of Shares under option was £2.60 per Share (being the
middle market quotation of a Share for the business day prior to the grant
date).
No amount was payable on the grant of the option.
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 31 January 2024
f) Place of the transaction London Stock Exchange
31 January 2024
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 Ordinary shares in Mitchells & Butlers plc (Shares)
Identification code
GB00B1FP6H53
b) Nature of the transaction Option granted on 31 January 2024 in respect of the FY 2024-2026 performance
cycle for the Performance Share Plan.
This option will be exercisable for the ninety day period following the end of
the performance cycle, subject to the satisfaction of performance conditions,
details of which have been disclosed in the 2023 annual report on Directors
Remuneration and can be found on the Company's website. The maximum Share
entitlement on satisfaction of the performance conditions in full is shown in
(c) below (excluding any dividend equivalent shares that may be received by
the participant in respect of any Shares that vest under the option). Vested
shares are subject to a two year holding period.
c) Price(s) and volume(s) The option is granted over a maximum of 390,769 Shares. The share price used
to determine the number of Shares under option was £2.60 per Share (being the
middle market quotation of a Share for the business day prior to the grant
date).
No amount was payable on the grant of the option.
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 31 January 2024
f) Place of the transaction London Stock Exchange
31 January 2024
Mitchells & Butlers plc
LEI no. 213800JHYNDNB1NS2W10
Director/PDMR Shareholding
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Freeman
2 Reason for the notification
a) Position/status PDMR
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 Ordinary shares in Mitchells & Butlers plc (Shares)
Identification code
GB00B1FP6H53
b) Nature of the transaction Option granted on 31 January 2024 in respect of the FY 2024-2026 performance
cycle for the Performance Share Plan.
This option will be exercisable for the ninety day period following the end of
the performance cycle, subject to the satisfaction of performance conditions,
details of which have been disclosed in the 2023 annual report on Directors
Remuneration and can be found on the Company's website. The maximum Share
entitlement on satisfaction of the performance conditions in full is shown in
(c) below (excluding any dividend equivalent shares that may be received by
the participant in respect of any Shares that vest under the option).
c) Price(s) and volume(s) The option is granted over a maximum of 103,707 Shares. The share price used
to determine the number of Shares under option was £2.60 per Share (being the
middle market quotation of a Share for the business day prior to the grant
date).
No amount was payable on the grant of the option.
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
e) Date of the transaction 31 January 2024
f) Place of the transaction London Stock Exchange
Enquiries:
Denise Burton
Deputy Company Secretary
0121 498 6514
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