Transaction in Own Shares

RNS Number : 4914F

MITIE Group PLC

23 May 2013

 



23 May 2013

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: 23 May 2013

Number of Shares purchased: 1,000,000

Highest price paid: 2.595p

Lowest price paid: 2.595p

The purchase represented an average price of 2.595p per Share.

The purchased Shares will be cancelled. Following this purchase and cancellation, the total number of voting rights in the Company is 369,343,575.  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 and the Company's share schemes. (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 8179 M: 07979 784488

(1)  As in previous years, MITIE expects to issue Shares pursuant to the MITIE Model in August, and to issue Shares during the year to satisfy existing commitments in respect of the Company's share schemes. Accordingly, the Board has approved the acquisition of a limited number of Shares for cancellation in order to offset the increase in share numbers arising from the expected issue of Shares.

 

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