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Share Name Share Symbol Market Type Share ISIN Share Description
Mitie Group Plc LSE:MTO London Ordinary Share GB0004657408 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.45 1.55% 29.55 29.30 29.75 30.00 29.55 30.00 25,341 08:10:32
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2,173.7 48.4 25.0 1.2 346

MITIE Group PLC Director/PDMR Shareholding

12/08/2020 2:00pm

UK Regulatory (RNS & others)


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RNS Number : 9188V

MITIE Group PLC

12 August 2020

12 August 2020

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 11 August 2020 Phil Bentley and Peter Dickinson 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 performance conditions attaching to the LTIP are EPS and cash conversion, each accounting for 50% of the award. Given the uncertainty around the long-term impact of COVID-19 on the business, the Committee has delayed setting targets until later in the financial year at which time it expects to have a better understanding of the long-term effects of COVID-19 on the business. Once set the targets will be disclosed in a stock exchange announcement.

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 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) 
                                    34.10 pence   5,278,592 OPTIONS 
                                                 ------------------ 
     ========================= 
 d)   Aggregated information       Price(s)          Volume(s) 
       - Aggregated volume          GBP1,799,999.87   5,278,592 OPTIONS 
       - Price                                       ------------------ 
 e)   Date of the transaction    2020-08-11 
     ========================= 
 f)   Place of the transaction   OUTSIDE A TRADING VENUE 
===  =========================  ============================================== 
 

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                       PETER DICKINSON 
 2    Reason for the notification 
 a)   Position/status            PDMR - CHIEF OF STAFF 
 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) 
                                    34.10 pence   1,979,472 OPTIONS 
                                                 ------------------ 
 d)   Aggregated information       Price(s)        Volume(s) 
       - Aggregated volume          GBP674,999.95   1,979,472 OPTIONS 
       - Price                                     ------------------ 
 e)   Date of the transaction    2020-08-11 
 f)   Place of the transaction   OUTSIDE A TRADING VENUE 
===  =========================  ============================================== 
 

For further information, contact:

Claire Lovegrove

 
 Head of Media Relations   M: +44 (0)790 027   E: claire.lovegrove@mitie.com 
                            6400 
 

Fiona Lawrence

 
 Group IR Director   M: +44 (0)7808 727   E: fiona.lawrenceIR@mitie.com 
                      500 
 

Peter Dickinson

 
 Chief of Staff and General   M: +44 (0)776 821   E: peter.dickinson@mitie.com 
  Counsel                      5013 
 

Notes for editors

About Mitie Group

Founded in 1987, Mitie is the UK's leading facilities management and professional services company. It offers a range of services including Technical Services (Engineering Services, Energy, Water and Real Estate Services), Business Services (Security, Cleaning and Office Services) and Specialist Services (Care & Custody, Landscapes and Waste Management).

Mitie employs 48,900 people across the country, looking after a large, diverse, blue-chip customer base, from banks and retailers, to hospitals, schools and critical government strategic assets. It takes care of its customers' people and buildings, by delivering the basics brilliantly and by deploying advanced technology. It is pioneering the Connected Workspace, using smart analytics to provide valuable insight and deliver efficiencies to create outstanding work environments for customers.

Find out more at www.mitie.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 12, 2020 09:00 ET (13:00 GMT)

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