REG - MITIE Group PLC - Director/PDMR Shareholding

MITIEAnnouncement

17/06/2024 16:30

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RNS Number : 7523S  MITIE Group PLC  17 June 2024

17 June 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

On 14 June 2024 Peter Dickinson was granted 681,166 options over Ordinary
shares of 2.5 pence each in the Company under the Company's Long Term
Incentive Plan ("LTIP").

 

The performance conditions attaching to the LTIP are Revenue, EPS and ROIC
forming the 'hard' performance measures, and ESG and leverage being 'soft'
underpins.

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                                                         PETER DICKINSON
 2   Reason for the notification
 a)  Position/status                                              PDMR - CHIEF LEGAL 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  SHARE OPTIONS OVER ORDINARY SHARES OF 2.5 PENCE EACH IN MITIE GROUP PLC.

     Identification code                                          IDENTIFICATION CODE FOR MITIE GROUP PLC ORDINARY SHARES:  GB0004657408
 b)  Nature of the transaction                                    GRANT OF NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  NIL       681,166 OPTIONS
 d)  Aggregated information

Price(s)  Volume(s)
     - Aggregated volume                                          NIL       681,166 OPTIONS

     - Price

 e)  Date of the transaction                                      2024-06-14
 f)  Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

 Price(s)  Volume(s)
 NIL       681,166 OPTIONS

e)

Date of the transaction

2024-06-14

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

For further information

 Kate Heseltine                              M: +44 (0)738 443 9112  E: kate.heseltine@mitie.com (mailto:kate.heseltine@mitie.com)

 Group IR & Corporate Finance Director

 Claire Lovegrove                            M: +44 (0)790 027 6400  E: claire.lovegrove@mitie.com (mailto:claire.lovegrove@mitie.com)

 Director of Corporate Affairs

 Richard Mountain                            M: +44 (0)790 968 4466

 FTI Consulting

 

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
(http://www.mitie.com) .

 

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