Mitchell & Butler rises on waiver extension

0 mins. to read
Mitchell & Butler rises on waiver extension
Adriana Iacob /

The price of shares in FTSE 250 pub managers Mitchell & Butlers (LON:MAB) increased by 7.22% to 154.40p (as of 12:45 BST) after it secured an extended waiver on its financing covenants until 8th June. Due to the enforced closure of the business, the company could be in technical breach of its secured financing arrangements.

Last month, the company said that there was great uncertainty surrounding the length of the shutdown as well as how any reopening process would work. However, management said that they were in contact with stakeholders at that time and that they remained supportive of the firm’s long term fundamentals.

Take part in our poll

We are reviewing our communications and would value your feedback. Ideally, how often would you like to hear from us?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *