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MITIE Group PLC (MTO)

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Wednesday 03 November, 2021

MITIE Group PLC

Director/PDMR Shareholding

RNS Number : 2330R
MITIE Group PLC
03 November 2021
 

3 November 2021

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 a grant of options to employees under the Mitie Group plc Save As You Earn ("SAYE") scheme.

 

Eligible employees were invited to apply for options under the SAYE scheme over the Company's Ordinary Shares of 2.5p each. The exercise price of 50.40p represents a discount of 20% to the closing middle market price on the dealing day before the invitation to participate was made. The options have a contract start date of 1 February 2022 and are exercisable from 36 months thereafter.

 

Phil Bentley, Chief Executive Officer, has chosen to participate in the SAYE scheme and was granted 35,714 share options on 2 November 2021.

 

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

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

SHARE OPTIONS OVER 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

GRANT OF OPTIONS UNDER THE MITIE GROUP PLC SAVE AS YOU EARN SCHEME

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

50.40 PENCE

EXERCISE PRICE

35,714 OPTIONS

d)

Aggregated information

- Total volume

- Total price

 

NOT APPLICABLE - SINGLE TRANSACTION

 

e)

Date of the transaction

2021-11-02

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

 

 

 

 

 

 

For further information, contact:

Claire Lovegrove

Head of Media Relations

M: +44 (0)790 027 6400

E: [email protected]

 

Fiona Lawrence

Group IR Director

M: +44 (0)7808 727 500

E: [email protected]

 

Peter Dickinson

Chief of Staff and General Counsel

M: +44 (0)776 821 5013

E:  [email protected]

 

Notes for editors

About Mitie

Founded in 1987, Mitie's job is to look after places where Britain works and is the leading facilities management company in the UK.  We offer a range of services to Central Government and Defence  customers; Communities (Healthcare, Education and Local Authorities); and Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning and Office Services) to Private Sector clients in Financial Services, Manufacturing, Transport, Retail and Telecoms and increasingly to the public sector. Finally,   our Specialist Services (Care & Custody, Landscapes and Waste Management) division serves both the public and private sectors in these niche businesses.  

Mitie acquired Interserve's FM business in December 2020 and now employs 75,000 people.  We are the champion of the 'Front-Line Heroes' who have kept Britain working during the COVID-19 pandemic.  We take care of our customers' people and buildings, through the 'Science of Service', delivering essential services and deploying industry leading technology to create safe and effective workspaces. 

The business continues to execute its technology-led strategy and in the past six months has  received multiple awards

Find out more at  www.mitie.com .

 

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