Director/PDMR Shareholding

MITIE Group PLC

07 September 2023

 

7 September 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 transactions in its Ordinary Shares of 2.5p each.

On 6 September 2023 Simon Kirkpatrick exercised a total of 290,322 nil cost share options under the Mitie Group plc Long Term Incentive Plan ("LTIP").

Award exercised	Number of options exercised	Option price	Number of shares sold	Sale price per share	Number of shares retained
LTIP granted on 11 August 2020	290,322	Nil	136,862	101.20 pence	153,460

The exercise of nil cost options creates a charge to income tax and National Insurance which will be settled from the proceeds of the share sale. Mr Kirkpatrick opted to sell sufficient shares to cover the charge and will retain the remaining shares.

The attached notifications, made in accordance with the requirements of the UK 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	SIMON KIRKPATRICK
b	Reason for the notification
a)	Position/status	PDMR - CHIEF FINANCIAL 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 290,322
d)	Aggregated information - Total volume - Total price	Price(s) Volume(s) NIL 290,322 TOTAL SHARES
e)	Date of the transaction	2023-09-06
f)	Place of the transaction	OUTSIDE OF A TRADING VENUE

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	SIMON KIRKPATRICK
b	Reason for the notification
a)	Position/status	PDMR - CHIEF FINANCIAL 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	SALE OF SUFFICIENT SHARES TO COVER TAX WITHHOLDING OBLIGATIONS ARISING ON EXERCISE OF NIL COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN.
c)	Price(s) and volume(s)	Price(s) Volume(s) 101.20 pence 136,862
d)	Aggregated information - Total volume - Total price	Price(s) Volume(s) £138,504.34 136,862 TOTAL SHARES
e)	Date of the transaction	2023-09-06
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

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.

 

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