Director/PDMR Shareholding

MITIE Group PLC
02 August 2024
 

02 August 2024

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 31 July 2024 Phil Bentley exercised a total of 2,275,608 nil cost share options under the Mitie Group plc Long Term Incentive Plan ("LTIP").

 

Following completion of the rights issue in July 2020, 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 sold

Sale price per share

LTIP granted on 25 June 2019

 

2,275,608

Nil

2,275,608

120.2382 pence

 

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

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

 

2,275,608

d)

Aggregated information

- Total volume

- Total price

Price(s)

Volume(s)

NIL

2,275,608 TOTAL SHARES

e)

Date of the transaction

2024-07-31

f)

Place of the transaction

OUTSIDE OF A TRADING VENUE

 

 

 

 

 

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

SALE OF SHARES 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)

120.2382 pence

 

2,275,608

d)

Aggregated information

- Total volume

- Total price

Price(s)

Volume(s)

£2,736,150.10

2,275,608

TOTAL SHARES

e)

Date of the transaction

2024-07-31

f)

Place of the transaction

XLON

 

 

 

 

 

 

 

 

For further information

 

Kate Heseltine

Group IR and Corporate Finance Director

 

M: +44 (0)738 443 9112

E: kate.heseltine@mitie.com

Claire Lovegrove

Director of Corporate Affairs

M: +44 (0)790 027 6400

 

 

E: claire.lovegrove@mitie.com

 

Richard Mountain

FTI Consulting

M: +44 (0)790 968 4466


 

About Mitie

Founded in 1987, Mitie employs 68,000 colleagues and is the leading technology-led Facilities Transformation company in the UK. We are a trusted partner to around 3,000 blue chip customers across the public and private sectors, working with them to transform their built estates, and the lived experience for their colleagues and customers, as well as providing data-driven insights to inform better decision-making.

 

In each of our core services of Engineering (Hard Services) and Security and Cleaning & Hygiene (Soft Services) we hold market leadership positions. We also upsell Projects capabilities in the areas of building fitouts and modernisation, decarbonisation, fire & security, and telecoms infrastructure. Our sector expertise includes Central Government, Critical National Infrastructure, Defence, Financial Services, Healthcare & Life Sciences, Local Government & Education, Retail & Logistics and Transport & Aviation.

 

Over the previous Three-Year Plan (FY22 - FY24) Mitie delivered a Total Shareholder Return (TSR) of 80% (#10 in FTSE 250). Our new Facilities Transformation Three-Year Plan (FY25 - FY27) will extend Mitie's market leadership position through accelerated growth and deliver enhanced shareholder returns.

 

We hold industry-leading ESG credentials, including a place on the CDP Climate change A List, and in the past 12 months we have received multiple industry awards including B2B Marketing Team of the Year, Best Low Carbon Solution and Net Zero Carbon Strategy of the Year. Targeting Net Zero by the end of 2025, our ambitious emissions reduction plans have been validated by the Science Based Targets initiative (SBTi). We have been recognised as a UK Top Employer for the sixth consecutive year. 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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

Mitie Group (MTO)
UK 100

Latest directors dealings