4 March 2021
Mitie Group plc
LEI number: 213800MTCLTKEHWZMJ03
Mitie Group plc (the "Company")
Further to the announcement by GLAS Trust Corporation Limited of the successful sale of 149,017,301 ordinary shares in Mitie Group plc, which represents 10.5% of the Company's issued share capital, the Company confirms that it has agreed to the release of such shares from the lock-up arrangements entered at the time of the acquisition of Interserve Facilities Management.
How Group hold, in aggregate, approximately 7% of the Company's issued share capital, which shares are subject to the share box escrow arrangements, which were put in place at completion of the acquisition of Interserve Facilities Management to provide the Company with security for a two-year period following completion against any indemnity claims, including any ICO fine which might arise out of the cyber incident to which, inter alia, Interserve Facilities Management was subject in 2020.
The Company was not party to the placing and will not receive any proceeds from the placing.
For further information, contact:
Head of Media Relations
M: +44 (0)790 027 6400
Group IR Director
M: +44 (0)7808 727 500
Chief of Staff and General Counsel
M: +44 (0)776 821 5013
Notes for editors
Founded in 1987, Mitie is one of the UK's leading facilities management (FM) and professional services companies. We offer a range of services to Central Government and Defence, Communities (Hospitals, PFI schools 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 Specialist Services (Care & Custody, Landscapes and Waste Management).
Mitie, which acquired Interserve's FM business in December 2020, employs 77,500 people and is the champion of the 'Front-Line Heroes' who have kept Britain running during the COVID-19 pandemic. We take care of our customers' people and buildings, by 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.