Transaction in Own Shares

RNS Number : 3992H

MITIE Group PLC

26 May 2011

 



26 May 2011

MITIE Group PLC

MITIE Group PLC (the "Company") - Transaction in own Shares

Pursuant to the general authority given to the Company by shareholders, the Company announces that it has purchased ordinary shares of 2.5p ("Shares") each as follows:

Date of purchase: 26 May 2011

Number of Shares purchased: 80,000

Highest price paid:  225p

Lowest price paid: 224p

The purchase represented an average price of 224.5625p per Share.

The purchased Shares will be cancelled. Following this purchase, the total number of voting rights in the Company is 357,564,000.  The Board has approved the purchase of Shares in order to offset the increase in share numbers anticipated from the issue of Shares in connection with the MITIE Model(1). 

Notes to editors

For further information, please contact:

John Telling, Group Corporate Affairs Director

T: 020 3123 8673 M: 07979 701006

Erica Lockhart, Investor, Public and Media Relations Manager
T: 020 3123 8675 M: 07979 784488

(1)As in previous years, MITIE expects to issue Shares pursuant to the MITIE Model in August.  Accordingly, the Board has decided to acquire a limited number of Shares for cancellation to offset the expected increase from the issue of Shares.

 

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