Director/PDMR Shareholding

RNS Number : 3892V

MITIE Group PLC

06 August 2020

 

6 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 5 August 2020 Peter Dickinson exercised a total of 387,393 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 sold	Sale price per share	Number of shares retained
LTIP granted 24 July 2017	387,393	Nil	182,623	32.8 pence	204,770

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. Peter Dickinson opted to sell sufficient shares to cover the charge and will retain the remaining shares.  

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	PETER DICKINSON
b	Reason for the notification
a)	Position/status	PDMR - CHIEF OF STAFF
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 387,393
d)	Aggregated information - Total volume - Total price	Price(s) Volume(s) Nil cost 387,393 TOTAL SHARES
e)	Date of the transaction	2020-08-05
f)	Place of the transaction	OUTSIDE A TRADING VENUE

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	PETER DICKINSON
b	Reason for the notification
a)	Position/status	PDMR - CHIEF OF STAFF
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 2015 LONG TERM INCENTIVE PLAN
c)	Price(s) and volume(s)	Price(s) Volume(s) 32.8 pence 182,623
d)	Aggregated information - Total volume - Total price	Price(s) Volume(s) 32.8 pence 182,623 TOTAL SHARES
e)	Date of the transaction	2020-08-05
f)	Place of the transaction	XLON

For further information, contact:

Claire Lovegrove

Head of Media Relations

M: [phone]

E: [e-mail]

Fiona Lawrence

Group IR Director

M: [phone]

E: [e-mail]

Peter Dickinson

Chief of Staff and General Counsel

M: [phone]

E: [e-mail]

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.

 

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