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MITIE Group PLC - Director/PDMR Shareholding

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 /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)

34.10 pence

5,278,592 OPTIONS

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

Price(s)

Volume(s)

£1,799,999.87

5,278,592 OPTIONS

 

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 /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)

34.10 pence

1,979,472 OPTIONS

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

Price(s)

Volume(s)

£674,999.95

1,979,472 OPTIONS

 

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 6400

E: [email protected]

 

Fiona Lawrence

Group IR Director

M: +44 (0)7808 727 500

E: [email protected]

 

Peter Dickinson

Chief of Staff and General Counsel

M: +44 (0)776 821 5013

E: [email protected]

 

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 [email protected] or visit www.rns.com.
 
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