23 April 2010
Mitchells & Butlers plc
Mitchells & Butlers has been informed that the Takeover Panel has now finished its investigations and concluded that no agreement or understanding was reached between any party to act in concert for the purposes of the City Code, between 15 October 2009 and the date of this announcement.
The Board welcomes the Takeover Panel's conclusions and looks forward to implementing its strategic plans to create value for all shareholders.
For further information, please contact:
|Erik Castenskiold||0121 498 6513|
|James Murgatroyd (Finsbury Group)||0207 251 3801|
Notes for editors:
|-||Mitchells & Butlers owns and operates around 2,000 high quality pubs in prime locations nationwide. The Group's predominantly freehold, managed estate is biased towards large pubs in residential locations. With around 3% of the pubs in the UK, Mitchells & Butlers has over 10% of industry sales and average weekly sales per pub almost four times greater than that of the average UK pub.|
|-||Mitchells & Butlers' leading portfolio of brands and formats includes Ember Inns, Harvester, Sizzling Pub Co., Toby Carvery, Vintage Inns, Crown Carveries, All Bar One, O'Neill's, Nicholson's and Browns. In addition, Mitchells & Butlers operates a large number of individual city centre and residential pubs.|