20 June 2022
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 17 June 2022 Phil Bentley, Simon Kirkpatrick and Peter Dickinson were granted 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 EPS, ROIC and ESG, accounting for 50%, 35% and 15% of the awards respectively.
The number of shares under awards has been determined using the closing middle-market price on the last trading day before the commencement of the financial year in which the grant date falls (being 55.1p), to provide direct alignment with the performance period. These awards therefore represent grant levels of 200% and 150% of salary for Phil Bentley and Simon Kirkpatrick respectively.
The attached notifications, made in accordance with the requirements of the UK Market Abuse Regulation, give 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 | ||||
| 2 | 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 NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price
|
| ||||
| e) | Date of the transaction | 2022-06-17 | ||||
| f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
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 | SIMON KIRKPATRICK | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | PDMR - CHIEF FINANCIAL 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 NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price
|
| ||||
| e) | Date of the transaction | 2022-06-17 | ||||
| f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
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 OF STAFF AND GENERAL COUNSEL | ||||
| 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 NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price
|
| ||||
| e) | Date of the transaction | 2022-06-17 | ||||
| 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: claire.lovegrove@mitie.com |
Fiona Lawrence
| Group IR Director | M: +44 (0)7808 727 500 | E: fiona.lawrenceIR@mitie.com |
Peter Dickinson
| Chief of Staff and General Counsel | M: +44 (0)776 821 5013 |
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 the Public Sectors in Central Government and Defence and Communities (Healthcare, Education and Campus & Critical). Our Technical Services (Engineering Services, Energy, Water and Real Estate Services) and Business Services (Security, Cleaning and Office Services) divisions serve private sector customers in Telecoms, Financial & Professional Services, Transport and Industrials and increasingly to the public sector. Finally, our Specialist Services (Care & Custody, Landscapes, Waste Management and Spain) division serves both the public and private sectors in these niche businesses.
Mitie acquired Interserve's facilities management business on 30 November 2020 and now employs 72,000 people. We are the champion of the 'Frontline Heroes' who have kept Britain working during the COVID 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 twelve months has received multiple awards. Find out more at www.mitie.com.
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