24th Aug 2006 16:35
Mitchells & Butlers PLC24 August 2006 24 August 2006 Mitchells & Butlers plc SEC DE-REGISTRATION In line with its stated intention on 10 March 2006 to de-register from the SEC,Mitchells & Butlers plc (the "Company") announces that it has today filed a Form15 with the US Securities & Exchange Commission ("SEC"). The filing of the Form15 means that the Company's SEC reporting obligations are immediately suspended.De-registration will occur 90 days after 24 August 2006 or on such earlier dateas the SEC may determine. As a result, the Company will no longer file an annualreport on SEC Form 20-F or periodic reports on SEC Form 6-K with the SEC. Infuture US resident shareholders, in common with the Company's othershareholders, should access reports the Company prepares and publicly disclosesin accordance with English legal and regulatory requirements in order to obtaininformation on the Company. To enable de-registration and to avoid re-commencement of SEC reportingrequirements, the number of the Company's US resident shareholders must remainbelow 300 at each financial year end. At the Annual General Meeting held on 2February 2006, shareholders voted to amend the Company's Articles of Associationto give the Company's directors the ability to limit the number of US residentsholding Mitchells & Butlers plc ordinary shares. The directors of Mitchells &Butlers plc are able to require US resident shareholders holding 20,000 ordinaryshares or less, whether directly or through nominees, to compulsorily sell theirordinary shares to non US residents. The Company exercised its right to require the sale of shares held by USresidents in May 2006 and again in July 2006. The Company has put in place astanding instruction to its broker to automatically effect such compulsory salesthroughout 2006 and 2007 without further involvement from the Company. Enquiries: Kate HolligonDirector of Investor RelationsTel: +44(0)121 498 5092 Victoria PenriceHead of SecretariatTel: +44(0)121 498 4189 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers