Mitchells & Butlers runs pubs, bars and restaurants across the UK. Its brands include Harvester, Toby Carvery, All Bar One, Browns, Miller & Carter, O’Neill’s and Vintage Inns.
What you get
Shareholders receive 12 vouchers a year. Each gives 20% off the total bill at managed Mitchells & Butlers pubs and restaurants when every guest orders a main meal.
What it takes
You need at least one share.
Before buyingA perk is a minor benefit of owning a share, not a reason to buy one. Share prices fall as well as rise, and dealing costs, spreads and tax can exceed a perk’s value. Read about the risks.
Holding through a broker
Shares held in your own name or through a nominee qualify.
Mitchells & Butlers does not say whether ISA or SIPP holdings qualify.
Choose a broker to see its guidance. The company’s eligibility rules still apply.
Hargreaves Lansdown Documented route
HL says qualifying holders receive vouchers automatically after the qualifying date. HL labels its directory April 2025. Check current issuer terms; this route has not been tested.
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interactive investor Documented route
Request the benefit from ii; it posts the vouchers. ii labels this entry January 2024. Check current issuer terms; this route has not been tested.
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Other conditions
- Who else can use it
- Up to 10 guests per voucher; larger groups need more vouchers
How to claim
M&B sends registered holders a booklet with its annual mailing. Nominee holders should ask their nominee for it first. If the nominee will not apply, M&B needs proof of the holding before it sends a booklet directly. The FAQ does not say which documents count.
- 1. If your booklet has not arrivedIf you hold certificates, contact the voucher team after the end of February.
- 2. If your nominee will not applyContact M&B’s voucher team at the email below. Check what proof your broker can supply.
- 3. Use your shareholder voucher or its codeShow staff the original voucher before you order. If you order at the table or click and collect through an M&B website or app, enter your voucher code in the basket’s offers section before checkout. The discount cannot be added afterwards. Pay the whole bill in one transaction; it cannot be split.
Mitchells & Butlers - Voucher enquiries: shareholdervouchers@mbplc.com
Exclusions and limits
Excluded brands: Innkeeper’s Collection.
Excluded: Buffets; Christmas Day.
Usage limits: One booklet per shareholder per year, however many shares they hold.
Dates
The published terms do not say how long you must hold the shares.
- Qualifying date
- The record date moves each year with the annual report, usually falling in late November or early December.
- Issuer’s timing advice
- Be on the Equiniti register, or your nominee’s, by 20 November each year. This is the issuer’s recommendation, not the formal record date.
- Benefit issued
- Late December or early January each year
- Expiry
- Vouchers can be used up to and including 31 January. The terms do not say which year, so check the expiry printed on your booklet.
Practical notes
Every guest must order a main meal
Breakfasts and set menus count as main meals. The discount applies to the whole bill, not food alone.
Combining offers
You cannot combine the voucher with other offers or loyalty discounts unless the other offer’s terms expressly allow it.
Keep the original voucher
Photocopies are not accepted. Staff keep the voucher when you use it. It cannot be exchanged for cash or sold.
Company story
A reason to visit
Mitchells & Butlers’ company secretary, Greg McMahon, told the share registrar Equiniti that the vouchers’ main purpose was to get shareholders into the pubs, bars and restaurants they had invested in. Equiniti reported that M&B also saw them as a way to keep shareholders happy, get them spending in its venues and make its brands better known to shareholders’ guests. If vouchers failed to arrive, McMahon said, “they quickly let us know”; scrapping the scheme would cause “outcry and uproar”.