Mitchells & Butlers plc (MAB) Earnings Call Transcript & Summary

Good morning, ladies and gentlemen, and welcome to the Annual General Meeting of Mitchells & Butlers plc. It is now 10 AM, which is the time appointed for holding this general -- Annual General meeting. I am Bob Ivell, Chairman of the company. I'm joined by Phil Urban, Chief Executive; Tim Jones, Chief Financial Officer; and Greg McMahon, Company Secretary and General Counsel. We also have Denise Burton, our Deputy Company Secretary; Alison Hughes, our Head of Legal and Craig Provett, who is Director of Compensation Benefits and Employee Relations. In addition, we have representatives from our registrars, legal advisers and auditors present. Phil, Tim, Greg, Denise, Alison and Craig, it would be great if you could confirm that you're joining the team via the telephone facility and are able to hear me.

Good morning, Bob. This is Phil.

Good morning. This is Tim.

Hi, Bob. This is Greg.

Denise Burton, confirmed present.

Alison Hughes, confirmed.

Craig Provett, confirmed.

Thank you. The quorum is therefore present. And on that basis, I declare the meeting formally open. The Board regrets that shareholders are not able to attend this Annual General Meeting in person. However, it has proved necessary in order to ensure the safety and well-being of the company's shareholders and employees, in line with U.K. government guidance in relation to the coronavirus pandemic. Shareholders have had the opportunity to submit written questions in advance of this Annual General Meeting, and we have received two questions, which do not relate to the business of this meeting, but we have responded directly to the relevant shareholders to answer their questions. In addition, shareholders, like always, also have the opportunity to listen to the proceedings during this Annual General Meeting via the telephone [ dialing ] facilities. On behalf of the Board, I thank you for your understanding and cooperation. I would now like to start the formal proceedings for this Annual General Meeting. The Notice of Annual General Meeting, together with explanatory notes, were published on the company's website and posted by the company to shareholders in the first of March 2021. Accordingly, the requisite Notice of the Meeting has been given. I will propose the Notice of the Meeting has taken as read. I also note that as Notice of Meeting, the Board unanimously recommends that shareholders vote in favor of all the resolutions proposed. Resolutions 1 to 21 has we taken as read. I can confirm that proxy votes in respect of all the resolutions have been received and will be cast accordingly. I can confirm that sufficient votes have been received to pass all the resolutions and that I have initialed the Amended Articles of Association produced through this Annual General Meeting. The precise breakdown of the proxy voting will be announced to London Stock Exchange and published in the company's website as soon as reasonably practicable following this meeting. That concludes the business of this meeting. I would like to take the opportunity to thank our shareholders for their votes, continued support and I now declare the meeting closed. Thank you for joining us, and good morning.

Thank you. This concludes today's meeting. Thank you for your participation. You may now disconnect.