Director/PDMR Shareholding

RNS Number : 1850D

MITIE Group PLC

04 July 2016

 

4 July 2016

Mitie Group plc

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

On 1 July 2016 Ruby McGregor-Smith and Suzanne Baxter 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 awards were made conditional upon performance against four measures relating to growth in earnings per share (governing 25% of the awards), relative total shareholder return (governing 20% of the awards), cash conversion (governing 30% of the awards) and strategic objectives (governing 25% of the awards).

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	RUBY MCGREGOR-SMITH
2	Reason for the notification
a)	Position/status	CHIEF EXECUTIVE
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	(PENDING)
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 UNDER THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 478,431 OPTIONS
d)	Aggregated information - Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	2016-07-01
f)	Place of the transaction	LONDON STOCK EXCHANGE, MAIN MARKET (XLON)

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	SUZANNE CLAIRE BAXTER
2	Reason for the notification
a)	Position/status	GROUP FINANCE 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	(PENDING)
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 UNDER THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 304,456 OPTIONS
d)	Aggregated information - Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	2016-07-01
f)	Place of the transaction	LONDON STOCK EXCHANGE, MAIN MARKET (XLON)

For further information, contact:

Erica Lockhart

Executive Affairs Director, Mitie Group plc

T: [phone]                    M: [phone]                    E: [e-mail]

Lauren Hepburn

Investor and Public Relations Manager, Mitie Group plc

T: [phone]                    M: [phone]                    E: [e-mail]

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

 

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