Director/PDMR Shareholding
In brief · summary, not quotable
Mitchells & Butlers plc announced that Director Phil Urban exercised options for 412,490 shares at nil cost on December 11, 2025, selling 194,357 shares at £2.598307 each to cover taxes, retaining 218,133 shares. Director Tim Jones exercised options for 345,175 shares at nil cost, selling 162,679 shares at £2.598307 each for tax purposes and retaining 182,496 shares. PDMR Andrew Freeman exercised options for 94,240 shares at nil cost on the same date, retaining all shares. These transactions align with the company's shareholding policy.
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 | Exercise of an option over 412,490 shares on 11 December 2025 arising on the vesting of an award under the Mitchells & Butlers Restricted Share Plan ("RSP"), followed by the sale of 194,357 shares on 11 December 2025 in order to discharge the tax and National Insurance contributions arising on that exercise. The disposal of shares to satisfy tax and National Insurance arising on exercise of incentive awards is consistent with the Company's shareholding policy which forms part of the Company's approved remuneration policy. The remainder of the shares after disposal will be retained and held by the director concerned in accordance with that shareholding policy. The retained shares are also subject to post cessation holding requirements as detailed in the Company's Remuneration Policy. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £Nil (exercise price) £2.598307 (sale price) 412,490 exercised, of which 218,133 were retained and 194,357 were sold |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 11 December 2025 |
| f) | Place of the transaction | London Stock Exchange |
| 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 | Exercise of an option over 345,175 shares on 11 December 2025 arising on the vesting of an award under the Mitchells & Butlers Restricted Share Plan ("RSP"), followed by the sale of 162,679 shares on 11 December 2025 in order to discharge the tax and National Insurance contributions arising on that exercise. The disposal of shares to satisfy tax and National Insurance arising on exercise of incentive awards is consistent with the Company's shareholding policy which forms part of the Company's approved remuneration policy. The remainder of the shares after disposal will be retained and held by the director concerned in accordance with that shareholding policy. The retained shares are also subject to post cessation holding requirements as detailed in the Company's Remuneration Policy. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £Nil (exercise price) £2.598307 (sale price) 345,175 exercised, of which 182,496 were retained and 162,679 were sold |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 11 December 2025 |
| f) | Place of the transaction | London Stock Exchange |
| 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 | Exercise of an option over 94,240 shares on 11 December 2025 arising on the vesting of an award under the Mitchells & Butlers Restricted Share Plan ("RSP"), all of which were retained. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £Nil (exercise price) 94,240 exercised, all of which were retained |
| d) | Aggregated information - Aggregated volume - Price | N/A (single transaction) |
| e) | Date of the transaction | 11 December 2025 |
| f) | Place of the transaction | n/a |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.