MITIE Group PLC - Revised Agreement Summary-Mitie Group Plc/Source8
Source8 Management Agree Terms to Waive Put Rights in Exchange for Cash/Mitie Deferred Shares Mix.
Mitie has entered into a revised agreement with the management and minority's shareholders of Source8 - a leading advisor on the implementation of Real Estate, Technology and Risk Management solutions - to acquire their remaining 49% of Source8 shares in exchange for cash consideration of
Under the terms of the original agreement with management (when Mitie acquired an initial 51% of Source8 shares in
Source8 (which was formed in
Application has been made to the
It is expected that admission will be granted on
The Shares will rank pari passu with the existing issued Shares of the Company.
For further information, contact:
Group Corporate Affairs Director,
T: +44 (0) 203 123 8673 M: +44 (0) 7979 701 006 E: [email protected]
Investor Relations Manager,
T: +44 (0) 203 123 8675 M: +44 (0)781 852 7265 E: [email protected]
Notes for editors
Mitie is a
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
Find out more at www.mitie.com
This information is provided by RNS
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