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MITIE Group PLC - Director/PDMR Shareholding

RNS Number : 4553Q
MITIE Group PLC
29 November 2016
 

29 November 2016

Mitie Group plc

 

 

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

On 29 November 2016 Phil Bentley was granted options over 879,077 Ordinary shares of 2.5 pence each in the Company under the Company's 2015 Long Term Incentive Plan ("LTIP").  Vesting of options under the award is conditional upon the achievement of performance conditions in respect of financial years 2017/18, 2018/19 and 2019/20.  Subject to the achievement of these conditions, 50% of the vested award will be released in May 2020, 25% in November 2020 and the remaining 25% in November 2021.

 

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

PHIL BENTLEY

2

Reason for the notification

a)

Position/status

PDMR - CHIEF EXECUTIVE DESIGNATE

b)

Initial notification /Amendment

INITIAL NOTIFICATION

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 the financial instrument, type of instrument

Identification code

SHARE OPTIONS OVER ORDINARY SHARES OF 2.5 PENCE EACH IN MITIE GROUP PLC.

IDENTIFICATION CODE FOR MITIE GROUP PLC ORDINARY SHARES:  GB0004657408

b)

Nature of the transaction

GRANT OF OPTIONS FOR NIL CONSIDERATION UNDER THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE PLAN

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

204.76p

879,077 OPTIONS

d)

Aggregated information

- Aggregated volume

- Price

Price(s)

Volume(s)

£1,799,998

879,077 OPTIONS

e)

Date of the transaction

2016-11-29

f)

Place of the transaction

OUTSIDE OF TRADING VENUE

 

 

 

For further information, contact:

John Telling

Group Corporate Affairs Director, Mitie Group plc

T: +44 (0) 203 123 8673                M: +44 (0) 7979 701 006                   E: [email protected]

 

Lauren Hepburn

Investor and Public Relations Manager, Mitie Group plc

T: +44 (0) 203 123 8720                M: +44 (0) 7469 405 426                   E: [email protected]

 

 

 

Notes for editors

 

What is Mitie?

Mitie is a FTSE250 strategic outsourcing company.

We work with people who want to perform better - now and in the future. We help our clients to run more efficient and effective businesses by looking after their facilities, their energy needs and the people they're responsible for.

We're all about developing our people to excel every day, challenge the status quo, and inspire change in the way people live and work.

Find out more at www.mitie.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: MITIE Group PLC

Price: 81

Market: LSE
Market Cap: £296.41 m
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