Director/PDMR Shareholding

RNS Number : 0778I

Mitchells & Butlers PLC

04 December 2015

 

Mitchells & Butlers plc

Director/PDMR Share dealings

This disclosure relates to transactions of which notification is required under paragraph 3.1.2 of the Disclosure Rules.

On 3 December 2015, the following persons exercised options over the following numbers of shares of 8 13/24p each in the capital of the Company ("shares") arising on the vesting of awards in respect of shares in the Company  under the Mitchells & Butlers Performance Restricted Share Plan 2013:

Tim Jones (Executive Director)	32,185
Susan Martindale (PDMR)	10,043
Gary John (PDMR)	12,135
Greg McMahon (PDMR)	9,761

In each case the option price was £1 for the entire option.

On 3 December 2015, following these exercises, and in order to discharge the tax and national insurance contributions arising on the exercises, the following persons disposed of the following numbers of shares in the Company at the prices set against their respective names:

Name (and position)	Number of shares disposed of	Price per share (p)
Tim Jones (Executive Director)	15,181	336.2201
Susan Martindale (PDMR)	4,738	336.2201
Gary John (PDMR)	5,724	336.2201
Greg McMahon (PDMR)	4,605	336.2201

On 2 December 2015, 17,646 shares vested in Tim Jones under the Mitchells & Butlers Short Term Deferred Incentive Plan.  On 3 December 2015 Tim Jones disposed of 8,311 shares at a price of 335.566p per share in order to discharge the tax and national insurance contributions arising on that vesting.

Following these transactions, the following persons hold the following interests in the shares in the Company:

Tim Jones (Executive Director)	74,791
Susan Martindale (PDMR)	30,268
Gary John (PDMR)	8,603
Greg McMahon (PDMR)	6,267

In the context of these transactions, it should be noted that the disposal of shares to satisfy tax and national insurance arising on vesting and/or exercise of incentive awards is consistent with the Company's shareholding policy which forms part of the Company's approved remuneration policy.

Denise Burton

Deputy Company Secretary

Mitchells & Butlers plc

Dated:    4 December 2015

0121 498 6514

 

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