25th Apr 2008 07:01
Mitchells & Butlers PLC25 April 2008 Mitchells & Butlers plcStatement by Mitchells & Butlers Further to the announcement on 30 January 2008, Mitchells & Butlers confirmsthat it is not in discussions with any potential offerors in relation to anoffer for the whole of the Company. Consequently Mitchells & Butlers is notconsidered to be in an "offer period" as defined in the Takeover Code. Thestrategic review continues and its conclusions will be announced by the time ofthe Interim Results on 20 May. In the meantime the Board is continuingdiscussions with private equity investors in relation to a possible investmentfor a stake of up to 29.9% in Mitchells & Butlers at a material premium to thecurrent share price. For further information, please contact: Investor Relations: Erik Castenskiold 0121 498 6513 Media: Kathryn Holland 0121 498 4526James Murgatroyd (Finsbury Group) 0207 251 3801 Notes for editors: - Mitchells & Butlers owns and operates around 2,000 high quality pubs in primelocations nationwide. The Group's predominantly freehold, managed estate isbiased towards large pubs in residential locations. With around 3% of the pubsin the UK, Mitchells & Butlers has 10% of industry sales and average weeklysales per pub over three times greater than that of the average UK pub. - Mitchells & Butlers' leading portfolio of brands and formats includes EmberInns, Harvester, Sizzling Pub Co., Toby Carvery, Vintage Inns, All Bar One,O'Neill's, Nicholson's and Browns. In addition, Mitchells & Butlers operates alarge number of individual city centre and residential pubs. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers