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MITIE Group PLC - Director/PDMR Shareholding

RNS Number : 4851W
MITIE Group PLC
18 August 2020
 

18 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

 

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

 

On 18 August 2020 Phil Bentley exercised a total of 1,193,301 nil cost share options under the Mitie Group plc 2015 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

 

850,184

Nil

850,184

LTIP granted 24 July 2017

 

343,117

Nil

343,117

 

The exercise of nil cost options creates a charge to income tax and National Insurance which has been settled by Phil Bentley in cash.

 

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 2015 LONG TERM INCENTIVE PLAN

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Nil cost

Nil cost

850,184

343,117

 

d)

Aggregated information

- Total volume

- Total price

Price(s)

Volume(s)

Nil cost

1,193,301

TOTAL SHARES

 

e)

Date of the transaction

2020-08-18

f)

Place of the transaction

XLON

 

 

 

 

 

 

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 one of 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 47,500 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 technology, 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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