MITIE Group PLC Director/PDMR Shareholding (0273M)

TIDMMTO

RNS Number : 0273M

MITIE Group PLC

25 July 2017

25 July 2017

Mitie Group plc

Mitie Group plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

On 24 July 2017 Phil Bentley and Sandip Mahajan were each granted options over Ordinary shares of 2.5 pence each in the Company under the Company's 2015 Long Term Incentive Plan ("LTIP").

The awards were made following the same structure as LTIP grants in July 2016, being conditional upon performance against four measures relating to growth in earnings per share (governing 25% of the awards), relative total shareholder return (governing 20% of the awards), cash conversion (governing 30% of the awards) and strategic objectives (governing 25% of the awards).

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

- Ends -

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
 a)   Name                   PHIL BENTLEY 
===  =====================  ========================================= 
 2    Reason for the notification 
 a)   Position/status        PDMR - CHIEF EXECUTIVE OFFICER 
===  =====================  ========================================= 
 b)   Initial notification   INITIAL NOTIFICATION 
       /Amendment 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
===  ================================================================ 
 a)   Name                   MITIE GROUP PLC 
 b)   LEI                    213800MTCLTKEHWZMJ03 
===  =====================  ========================================= 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
 a)   Description            SHARE OPTIONS OVER ORDINARY SHARES 
       of the financial       OF 2.5 PENCE EACH IN MITIE GROUP 
       instrument,            PLC. 
       type of instrument     IDENTIFICATION CODE FOR MITIE 
       Identification         GROUP PLC ORDINARY SHARES: GB0004657408 
       code 
===  =====================  ========================================= 
 b)   Nature of              GRANT OF OPTIONS FOR NIL CONSIDERATION 
       the transaction        UNDER THE MITIE GROUP PLC 2015 
                              LONG TERM INCENTIVE PLAN 
 c)   Price(s) and                    Price(s)      Volume(s) 
       volume(s)                    ---------  ---------------- 
                                      268.9p    669,393 OPTIONS 
                                    ---------  ---------------- 
===  =====================  ========================================= 
 d)   Aggregated                      Price(s)        Volume(s) 
       information                  -------------  ---------------- 
       - Aggregated                  GBP1,799,998   669,393 OPTIONS 
       volume                       -------------  ---------------- 
       - Price 
 e)   Date of the            2017-07-24 
       transaction 
===  =====================  ========================================= 
 f)   Place of the           OUTSIDE OF TRADING VENUE 
       transaction 
===  =====================  ========================================= 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
 a)   Name                   SANDIP MAHAJAN 
 2    Reason for the notification 
 a)   Position/status        PDMR - CHIEF FINANCIAL OFFICER 
 b)   Initial notification   INITIAL NOTIFICATION 
       /Amendment 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
 a)   Name                   MITIE GROUP PLC 
 b)   LEI                    213800MTCLTKEHWZMJ03 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
 a)   Description            SHARE OPTIONS OVER ORDINARY SHARES 
       of the financial       OF 2.5 PENCE EACH IN MITIE GROUP 
       instrument,            PLC. 
       type of instrument     IDENTIFICATION CODE FOR MITIE 
       Identification         GROUP PLC ORDINARY SHARES: GB0004657408 
       code 
 b)   Nature of              GRANT OF OPTIONS FOR NIL CONSIDERATION 
       the transaction        UNDER THE MITIE GROUP PLC 2015 
                              LONG TERM INCENTIVE PLAN 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)               ---------  ---------------- 
                                268.9p     148,754 OPTIONS 
                               ---------  ---------------- 
 d)   Aggregated               Price(s)     Volume(s) 
       information             -----------  ---------------- 
       - Aggregated             GBP400,000   148,754 OPTIONS 
       volume                  -----------  ---------------- 
       - Price 
 e)   Date of the            2017-07-24 
       transaction 
 f)   Place of the           OUTSIDE OF TRADING VENUE 
       transaction 
===  =====================  ========================================= 
 

For further information, contact:

Peter Dickinson

General Counsel and Company Secretary, Mitie Group plc

T: [phone] M: [phone] E: [e-mail]

Anna Chen

Investor Relations Manager, Mitie Group plc

T: [phone] M: [phone] E: [e-mail]

Notes for editors

About Mitie Group

Mitie is a FTSE 250 business providing a wide range of facilities management and professional services, from real estate consultancy, project management, energy consultancy, compliance, risk assessment and security systems to cleaning, catering, engineering, technical and environmental services and a range of specialist services.

We work in partnership with organisations to deliver long-term savings, managing and maintaining some of the nation's most recognised landmarks for a range of blue-chip public and private sector customers.

We are the UK's largest Facilities Management Company employing some 60,000 people across the country.

Find out more at www.mitie.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 25, 2017 06:32 ET (10:32 GMT)