MITIE Group PLC Director/PDMR Shareholding (2672X)

TIDMMTO

RNS Number : 2672X

MITIE Group PLC

22 November 2017

22 November 2017

Mitie Group plc

LEI number: 213800MTCLTKEHWZMJ03

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

On 21 November 2017 Paul Woolf was 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 and July 2017, 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 notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives 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                       PAUL WOOLF 
===  =========================  ============================================== 
 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 of             SHARE OPTIONS OVER ORDINARY SHARES OF 2.5 
       the financial              PENCE EACH IN MITIE GROUP PLC. 
       instrument, type           IDENTIFICATION CODE FOR MITIE GROUP PLC 
       of instrument              ORDINARY SHARES: GB0004657408 
       Identification 
       code 
===  =========================  ============================================== 
 b)   Nature of the              GRANT OF OPTIONS FOR NIL CONSIDERATION UNDER 
       transaction                THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE 
                                  PLAN 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------------- 
                                    225.10p    143,269 OPTIONS 
                                   ---------  ---------------- 
===  =========================  ============================================== 
 d)   Aggregated information       Price(s)     Volume(s) 
       - Aggregated volume         -----------  ---------------- 
       - Price                      GBP322,499   143,269 OPTIONS 
                                   -----------  ---------------- 
 e)   Date of the transaction    2017-11-21 
===  =========================  ============================================== 
 f)   Place of the transaction   OUTSIDE OF TRADING VENUE 
===  =========================  ============================================== 
 

For further information, contact:

Tori Cowley

Director of Investor Relations & Corporate Affairs

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

Peter Dickinson

General Counsel and Company Secretary, 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 53,000 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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November 22, 2017 09:56 ET (14:56 GMT)