REG - Mitchells & Butlers - Director/PDMR Shareholding

Mitchells & ButlersAnnouncement

03/12/2024 11:00

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RNS Number : 6221O  Mitchells & Butlers PLC  03 December 2024

3 December 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

       Identification code

                                                                    GB00B1FP6H53
 b)    Nature of the transaction                                    Exercise of an option over 226,810 shares on 2 December 2024 arising on the

                                                            vesting of an award under the Mitchells & Butlers Restricted Share Plan
                                                                    ("RSP"), followed by the sale of 106,910 shares on 2 December 2024 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)    226,810 exercised, of which 119,900 were retained and 106,910 were sold

                                                                    £2.46196 (sale price)

 
 d)    Aggregated information

       - Aggregated volume                                          N/A (single transaction)

       - Price

 e)    Date of the transaction                                      2 December 2024
 f)    Place of the transaction                                     London Stock Exchange

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

N/A (single transaction)

e)

Date of the transaction

2 December 2024

f)

Place of the transaction

London Stock Exchange

 

Enquiries:

Denise Burton

Deputy Company Secretary, 0121 498 6514

 

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