Mitchells & Butlers PLC Director/PDMR Shareholding (8756W)
15 December 2023 - 1:30AM
UK Regulatory
TIDMMAB
RNS Number : 8756W
Mitchells & Butlers PLC
14 December 2023
14 December 2023
Mitchells & Butlers plc
LEI no. 213800JHYNDNB1NS2W10
Director/PDMR Shareholding
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Phil Urban
-------------------------- ----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------
a) Position/status Director
-------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Mitchells & Butlers plc
-------------------------- ----------------------------------------------
b) LEI 213800JHYNDNB1NS2W10
-------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares in Mitchells & Butlers
financial instrument, plc
type of instrument
Identification code GB00B1FP6H53
-------------------------- ----------------------------------------------
b) Nature of the transaction Vesting of 34,076 shares on 13 December
2023 under the Mitchells & Butlers Short
Term Deferred Incentive Plan ("STDIP")
followed by the sale 16,049 shares on
14 December 2023 in order to discharge
the tax and National Insurance contributions
arising on that vesting. The disposal
of shares to satisfy tax and National
Insurance arising on vesting 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. Vested
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)
237.2p (sale 34,076 vested,
price) of which 18,027
were retained
and 16,049 were
sold.
-----------------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
-------------------------- ----------------------------------------------
e) Date of the transaction 14 December 2023
-------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ----------------------------------------------
14 December 2023
Mitchells & Butlers plc
LEI no. 213800JHYNDNB1NS2W10
Director/PDMR Shareholding
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Tim Jones
-------------------------- ----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------
a) Position/status Director
-------------------------- ----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Mitchells & Butlers plc
-------------------------- ----------------------------------------------
b) LEI 213800JHYNDNB1NS2W10
-------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Ordinary shares in Mitchells & Butlers
financial instrument, plc
type of instrument
Identification code GB00B1FP6H53
-------------------------- ----------------------------------------------
b) Nature of the transaction Vesting of 28,514 shares on 13 December
2023 under the Mitchells & Butlers Short
Term Deferred Incentive Plan ("STDIP")
followed by the sale of 13,429 shares
on 14 December 2023 in order to discharge
the tax and National Insurance contributions
arising on that vesting. The disposal
of shares to satisfy tax and National
Insurance arising on vesting 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. Vested
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)
237.2p (sale 28,514 vested,
price) of which 15,085
were retained
and 13,429 were
sold.
-----------------
-------------------------- ----------------------------------------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
-------------------------- ----------------------------------------------
e) Date of the transaction 14 December 2023
-------------------------- ----------------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- ----------------------------------------------
Enquiries:
Denise Burton
Deputy Company Secretary
0121 498 6514
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