Director/PDMR Shareholding

RNS Number : 5234U

Mitchells & Butlers PLC

25 November 2019

 

25 November 2019

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 192,340 shares on 22 November 2019 arising on the vesting of an award under the Mitchells & Butlers Performance Restricted Share Plan ("PRSP"), followed by the sale of 90,649 shares on 22 November 2019 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 which have vested will be retained and held by the director concerned in accordance with that shareholding policy.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nominal £2 (exercise price) £4.5237 (sale price) 192,340 exercised, of which 101,691 were retained and 90,649 were sold
d)	Aggregated information  - Aggregated volume  - Price	N/A (single transaction)
e)	Date of the transaction	22 November 2019
f)	Place of the transaction	London Stock Exchange

Enquiries:

Denise Burton

Deputy Company Secretary, 0121 498 6514
 

25 November 2019

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 112,594 shares on 22 November 2019 arising on the vesting of an award under the Mitchells & Butlers Performance Restricted Share Plan ("PRSP"), followed by the sale of 53,075 shares on 22 November 2019 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 which have vested will be retained and held by the director concerned in accordance with that shareholding policy.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nominal £2 (exercise price) £4.5237 (sale price) 112,594 exercised, of which 59,519 were retained and 53,075 were sold
d)	Aggregated information  - Aggregated volume  - Price	N/A (single transaction)
e)	Date of the transaction	22 November 2019
f)	Place of the transaction	London Stock Exchange

Enquiries:

Denise Burton

Deputy Company Secretary, 0121 498 6514

25 November 2019

Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10

Director/PDMR Shareholding

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Greg McMahon
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 Identification code	Ordinary shares in Mitchells & Butlers plc GB00B1FP6H53
b)	Nature of the transaction	Exercise of an option over 37,759 shares on 22 November 2019 arising on the vesting of an award under the Mitchells & Butlers Performance Restricted Share Plan ("PRSP"), followed by the sale of 17,810 shares on 22 November 2019 in order to discharge the tax and National Insurance contributions arising on that exercise.
c)	Price(s) and volume(s)	Price(s) Volume(s) Nominal £2 (exercise price) £4.5237 (sale price) 37,759 exercised, of which 19,949 were retained and 17,810 were sold
d)	Aggregated information  - Aggregated volume  - Price	N/A (single transaction)
e)	Date of the transaction	22 November 2019
f)	Place of the transaction	London Stock Exchange

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

 

END

 

 

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