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 |
Vesting of 14,319 shares on 29 November 2018 under the Mitchells & Butlers Short Term Deferred Incentive Plan ("STDIP") followed by the sale of 6,744 shares on 29 November 2018 in order to discharge the tax and National Insurance contributions arising on that vesting. The disposal of shares to satisfy tax and National Insurance arising on vesting of incentive awards is consistent with the Company's shareholding policy which forms part of the Company's approved remuneration policy. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
273.50p |
6,744 |
|
d) |
Aggregated information - Aggregated volume - Price |
N/A (single transaction) |
e) |
Date of the transaction |
29 November 2018 |
f) |
Place of the transaction |
London Stock Exchange |