Director/PDMR Shareholding

MITIE Group PLC

16 August 2023

 

16 August 2023

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 14 August 2023 Phil Bentley exercised a total of 1,141,535 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 on 2 August 2018	1,141,535	Nil	1,141,535

Mr Bentley has settled the charge to Income Tax and National Insurance in cash arising from exercising these options and therefore he retains the 1,141,535 shares.

The attached notification, made in accordance with the requirements of the UK 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 - 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	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 1,141,535
d)	Aggregated information - Total volume - Total price	Price(s) Volume(s) NIL 1,141,535 TOTAL SHARES
e)	Date of the transaction	2023-08-14
f)	Place of the transaction	XLON

For further information, contact:

  Kate Heseltine

Group IR Director

M: [phone]

E: [e-mail]

  Claire Lovegrove

Head of External Communications

M: [phone]

E: [e-mail]

  Peter Dickinson

Chief Legal Officer

M: [phone]

E: [e-mail]

About Mitie

Notes to editors  

Founded in 1987, Mitie's job is to look after places where Britain works, and it is the leading facilities management company in the UK. We offer a range of services to the public sector through our Central Government & Defence and Communities (Healthcare, Education, Campus & Critical and Care & Custody) divisions. Our Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning, Landscapes, Spain and Waste) divisions serve private sector customers in areas such as Financial & Professional Services, Industrials, Retail and Transport, and increasingly the public sector.

Mitie employs 64,000 people. We take care of our customers' people and buildings, through the 'Science of Service', and we are transforming facilities to be more flexible, safe, sustainable, and attractive to all. Mitie continues to execute its technology-led strategy and in the past twelve months has received multiple awards and validation for its ambitious near and long-term science-based emissions reduction targets from the Science Based Targets initiative (SBTi). Find out more at www.mitie.com.

 

END