Director/PDMR Shareholding
In brief · summary, not quotable
Mitchells & Butlers plc announced that on December 4, 2025, Director Phil Urban was granted a conditional share award of 92,795 ordinary shares under the Short-Term Deferred Incentive Plan, Director Tim Jones received 77,598 ordinary shares, and PDMR Andrew Freeman was granted 9,134 ordinary shares, all with a nil price, as part of their annual bonus deferral, with shares to be released in two tranches over 12 and 24 months and subject to dividend equivalents.
Full announcement
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| 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 |
| a) | Name | Mitchells & Butlers plc |
| b) | LEI | 213800JHYNDNB1NS2W10 |
| 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 Short-Term Deferred Incentive Plan. Under the terms of the Company's Short-Term Deferred Incentive Plan (the STDIP), Phil Urban was granted an award on 4 December 2025 in respect of the year to 27 September 2025 under which part of his annual bonus has been deferred into a conditional award of ordinary shares of the Company (the 'Bonus Shares') in accordance with the Company's 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. On release, the shares are also subject to post cessation holding requirements as detailed in the Company's Remuneration Policy. |
| c) | Price(s) and volume(s) | Price Volume Nil 92,795 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 4 December 2025 |
| f) | Place of the transaction | n/a |
| Mitchells & Butlers plc | ||
| LEI no. 213800JHYNDNB1NS2W10 | ||
| Director/PDMR Shareholding | ||
| 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 |
| a) | Name | Mitchells & Butlers plc |
| b) | LEI | 213800JHYNDNB1NS2W10 |
| 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 Short-Term Deferred Incentive Plan. Under the terms of the Company's Short-Term Deferred Incentive Plan (the STDIP), Tim Jones was granted an award on 4 December 2025 in respect of the year to 27 September 2025 under which part of his annual bonus has been deferred into a conditional award of ordinary shares of the Company (the 'Bonus Shares') in accordance with the Company's 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. On release, the shares are also subject to post cessation holding requirements as detailed in the Company's Remuneration Policy. |
| c) | Price(s) and volume(s) | Price Volume Nil 77,598 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 4 December 2025 |
| f) | Place of the transaction | n/a |
| Mitchells & Butlers plc | ||
| LEI no. 213800JHYNDNB1NS2W10 | ||
| Director/PDMR Shareholding | ||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Freeman |
| 2 | Reason for the notification | |
| a) | Position/status | PDMR |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Mitchells & Butlers plc |
| b) | LEI | 213800JHYNDNB1NS2W10 |
| 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 Short-Term Deferred Incentive Plan. Under the terms of the Company's Short-Term Deferred Incentive Plan (the STDIP), Andrew Freeman was granted an award on 4 December 2025 in respect of the year to 27 September 2025 under which part of his annual bonus has been deferred into a conditional award of ordinary shares of the Company (the 'Bonus Shares') in accordance with the Company's Remuneration Policy. The Bonus Shares will be released in two equal tranches, 12 and 24 months after deferral. On release of the Bonus Shares Andrew Freeman 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) | Price Volume Nil 9,134 |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 4 December 2025 |
| f) | Place of the transaction | n/a |
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