Mitchells & Butlers Regulatory News (MAB)

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to Director on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 397,970 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to Director on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 232,968 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary John

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 87,786 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Susan Martindale

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 84,276 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 78,130 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Hopkins

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 77,252 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rob Pitcher

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 73,740 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Susan Chappell

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 70,230 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nick Crossley

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 66,718 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dennis Deare

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 

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 (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted to PDMR on 24 November 2016 in respect of the FY 2017-2019 performance cycle for the 2013 Performance Restricted Share Plan.

This option will be exercisable for the two-year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend accrued shares that may be received by the participant in respect of any Shares that vest under the option).

c) 

Price(s) and volume(s) 

 The option is granted over a maximum of 66,718 Shares. The share price used to determine the number of Shares under option was £2.563 per Share (being the middle market quotation of a Share for 23 November 2016).

No amount was payable on the grant of the option.

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

24 November 2016

f)

Place of the transaction 

n/a