5th Oct 2006 07:01
Mitchells & Butlers PLC05 October 2006 5 October 2006 Mitchells & Butlers plc Disposal of 102 pubs Mitchells & Butlers is pleased to announce that it has today exchanged contractsfor the disposal of 102 of its smaller, community pubs to Trust Inns Ltd, aprivate company, for £101m. In the 12 months to 5 August 2006 the pubs generatedEBITDA of £10.2m. The transaction is expected to complete on 11 October 2006. Following completion, Mitchells & Butlers will provide certain services to TrustInns Ltd to support the pubs for up to nine months. For further information please contact: Mitchells & Butlers plc Kate Holligon - Investor Relations 0121 498 5092 Simon Ward - Media 07774 907 024 James Murgatroyd - Finsbury Group 0207 251 3801 Trust Inns Ltd David Rydell - Bell Pottinger Corp. & Financial 0207 861 3232 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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