Mitchells & Butlers PLC
25 April 2008
Mitchells & Butlers plc
Statement by Mitchells & Butlers
Further to the announcement on 30 January 2008, Mitchells & Butlers confirms
that it is not in discussions with any potential offerors in relation to an
offer for the whole of the Company. Consequently Mitchells & Butlers is not
considered to be in an 'offer period' as defined in the Takeover Code. The
strategic review continues and its conclusions will be announced by the time of
the Interim Results on 20 May. In the meantime the Board is continuing
discussions with private equity investors in relation to a possible investment
for a stake of up to 29.9% in Mitchells & Butlers at a material premium to the
current share price.
For further information, please contact:
Investor Relations:
Erik Castenskiold 0121 498 6513
Media:
Kathryn Holland 0121 498 4526
James Murgatroyd (Finsbury Group) 0207 251 3801
Notes for editors:
- Mitchells & Butlers owns and operates around 2,000 high quality pubs in prime
locations nationwide. The Group's predominantly freehold, managed estate is
biased towards large pubs in residential locations. With around 3% of the pubs
in the UK, Mitchells & Butlers has 10% of industry sales and average weekly
sales per pub over three times greater than that of the average UK pub.
- Mitchells & Butlers' leading portfolio of brands and formats includes Ember
Inns, Harvester, Sizzling Pub Co., Toby Carvery, Vintage Inns, All Bar One,
O'Neill's, Nicholson's and Browns. In addition, Mitchells & Butlers operates a
large number of individual city centre and residential pubs.
This information is provided by RNS
The company news service from the London Stock Exchange
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