Mitchells & Butlers PLC Director/PDMR Shareholding
December 03 2024 - 4:57AM
RNS Regulatory News
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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END
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