MAB.L

Mitchells & Butlers Plc
Mitchells & Butlers - Director/PDMR Shareholding
3rd December 2024, 10:57
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RNS Number : 6221O
Mitchells & Butlers PLC
03 December 2024
 

3 December 2024

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 226,810 shares on 2 December 2024 arising on the vesting of an award under the Mitchells & Butlers Restricted Share Plan ("RSP"), followed by the sale of 106,910 shares on 2 December 2024 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 after disposal will be retained and held by the director concerned in accordance with that shareholding policy.  The retained 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)

£Nil (exercise price)

 

£2.46196 (sale price)

226,810 exercised, of which 119,900 were retained and 106,910 were sold

  

d)

 

Aggregated information 

 

- Aggregated volume 

- Price 

 

 

 

N/A (single transaction)

e) 

Date of the transaction 

2 December 2024

f)

Place of the transaction 

London Stock Exchange

 

Enquiries:

Denise Burton

Deputy Company Secretary, 0121 498 6514

 

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