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MITIE Group PLC - Director/PDMR Shareholding

RNS Number : 2829I
MITIE Group PLC
10 December 2020
 

10 December 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

 

The Company announces the following transaction in its Ordinary Shares of 2.5p each.

 

On 9 December 2020 Phil Bentley exercised a total of 425,092 nil cost share options under the Mitie Group plc Long Term Incentive Plan ("LTIP").

 

Following completion of the rights issue the number of nil cost options was adjusted in-line with the accepted standard methodology.

 

Award exercised

Number of options exercised

 

Option price

Number of shares retained

LTIP granted 29 November 2016

 

425,092

Nil

425,092

 

Mr Bentley has settled the charge to Income Tax and National Insurance in cash arising from exercising these options and therefore he retains the 425,092 shares.

 

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

b

Reason for the notification

a)

Position/status

PDMR - DIRECTOR

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

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

EXERCISE OF NIL COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil cost

 

425,092

d)

Aggregated information

- Total volume

- Total price

Price(s)

Volume(s)

Nil cost

425,092  

TOTAL SHARES

e)

Date of the transaction

2020-12-09

f)

Place of the transaction

XLON

 

 

 

 

 

 

For further information, contact:

Claire Lovegrove

Head of Media Relations

M: +44 (0)790 027 6400

E: claire.lovegrove@mitie.com

 

Fiona Lawrence

Group IR Director

M: +44 (0)7808 727 500

E: fiona.lawrenceIR@mitie.com

 

Peter Dickinson

Chief of Staff and General Counsel

M: +44 (0)776 821 5013

E: peter.dickinson@mitie.com

 

Notes for editors

About Mitie

Founded in 1987, Mitie is one of the UK's leading facilities management (FM) and professional services companies. We offer a range of services to Central Government and Defence, Communities (Hospitals, PFI schools and Local Authorities); and Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning and Office Services) to Private Sector clients in Financial Services, Manufacturing, Transport, Retail and Telecoms; and Specialist Services (Care & Custody, Landscapes and Waste Management).

Mitie, which acquired Interserve's FM business in December 2020, employs 77,500 people and is the champion of the 'Front-Line Heroes' who have kept Britain running during the COVID-19 pandemic. We take care of our customers' people and buildings, by delivering essential services and deploying industry leading technology to create safe and effective workspaces.

The business continues to execute its technology-led strategy and in the past six months has received multiple awards.

Find out more at www.mitie.com.

 

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