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Mitchells & Butlers (MAB)

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Monday 29 November, 2021

Mitchells & Butlers

Director/PDMR Shareholding

RNS Number : 9133T
Mitchells & Butlers PLC
29 November 2021
 

29 November 2021

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 26,032 shares on 26 November 2021 under the Mitchells & Butlers Short Term Deferred Incentive Plan ("STDIP") followed by the sale of 12,260 shares on 26 November 2021 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)

237.40p (sale price)

26,032 vested, of which 13,772 were retained and 12,260 were sold.

 

d)

 

Aggregated information 

 

- Aggregated volume 

 

- Price 

 

 

 

N/A (single transaction)

 

e) 

Date of the transaction 

26 November 2021

f)

Place of the transaction 

London Stock Exchange

 

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

29 November 2021

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 21,775 shares on 26 November 2021 under the Mitchells & Butlers Short Term Deferred Incentive Plan ("STDIP") followed by the sale of 10,255 shares on 26 November 2021 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)

237.40p (sale price)

21,775 vested, of which 11,520 were retained and 10,255 were sold.

 

d)

 

Aggregated information 

 

- Aggregated volume 

 

- Price 

 

 

 

N/A (single transaction)

 

e) 

Date of the transaction 

26 November 2021

f)

Place of the transaction 

London Stock Exchange

 

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

29 November 2021

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

 

 

Vesting of 1,939 shares on 26 November 2021 under the Mitchells & Butlers Short Term Deferred Incentive Plan ("STDIP") followed by the sale of 914 shares on 26 November 2021 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 person concerned in accordance with that shareholding policy.

c) 

Price(s) and volume(s) 

 

Price(s)

Volume(s)

237.40p (sale price)

1,939 vested, of which 1,025 were retained and 914 were sold.

 

d)

 

Aggregated information 

 

- Aggregated volume 

 

- Price 

 

 

 

N/A (single transaction)

 

e) 

Date of the transaction 

26 November 2021

f)

Place of the transaction 

London Stock Exchange

 

Enquiries:

Denise Burton

Deputy Company Secretary

0121 498 6514

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