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 

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

Grant of a conditional share award under the Mitchells & Butlers 2013 Short-Term Deferred Incentive Plan.

Under the terms of the Company's 2013 Short-Term Deferred Incentive Plan (the STDIP), Phil Urban was granted an award on 13 December 2022 in respect of the year to 24 September 2022 under which part of his annual bonus has been deferred into a conditional award of ordinary shares of the Company (the 'Bonus Shares').

The Remuneration Committee has determined that 50% of the annual bonus awarded will be deferred into Bonus Shares under the terms of the STDIP in accordance with the Remuneration Policy.

The Bonus Shares will be released in two equal tranches, 12 and 24 months after deferral. On release of the Bonus Shares Phil Urban will also receive shares with a market value equal to any aggregate gross dividend paid on the Bonus Shares prior to the release date.

c) 

Price(s) and volume(s) 

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

13 December 2022

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 

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

Grant of a conditional share award under the Mitchells & Butlers 2013 Short-Term Deferred Incentive Plan.

Under the terms of the Company's 2013 Short-Term Deferred Incentive Plan (the STDIP), Tim Jones was granted an award on 13 December 2022 in respect of the year to 24 September 2022 under which part of his annual bonus has been deferred into a conditional award of ordinary shares of the Company (the 'Bonus Shares').

The Remuneration Committee has determined that 50% of the annual bonus awarded will be deferred into Bonus Shares under the terms of the STDIP in accordance with the Remuneration Policy.

The Bonus Shares will be released in two equal tranches, 12 and 24 months after deferral. On release of the Bonus Shares Tim Jones will also receive shares with a market value equal to any aggregate gross dividend paid on the Bonus Shares prior to the release date.

c) 

Price(s) and volume(s) 

d)

Aggregated information 

 - Aggregated volume 

 - Price

 N/A (single transaction)

e) 

Date of the transaction 

13 December 2022

f)

Place of the transaction 

n/a