Director/PDMR Shareholding

RNS Number : 3657V

Mitchells & Butlers PLC

02 December 2019

 

2 December 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	Vesting of 14,320 shares on 29 November 2019 under the Mitchells & Butlers Short Term Deferred Incentive Plan ("STDIP") followed by the sale of 6,744 shares on 29 November 2019 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.
c)	Price(s) and volume(s)	Price(s) Volume(s) 448.64p (sale price) 14,320 vested, of which 7,576 were retained and 6,744 were sold.
d)	Aggregated information  - Aggregated volume  - Price	N/A (single transaction)
e)	Date of the transaction	29 November 2019
f)	Place of the transaction	London Stock Exchange

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

2 December 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	Vesting of 11,975 shares on 29 November 2019 under the Mitchells & Butlers Short Term Deferred Incentive Plan ("STDIP") followed by the sale of 5,640 shares on 29 November 2019 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.
c)	Price(s) and volume(s)	Price(s) Volume(s) 448.64p (sale price) 11,975 vested, of which 6,335 were retained and 5,640 were sold.
d)	Aggregated information  - Aggregated volume  - Price	N/A (single transaction)
e)	Date of the transaction	29 November 2019
f)	Place of the transaction	London Stock Exchange

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

 

END

 

 

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