MITIE Group PLC Director/PDMR Shareholding (9188V)
August 12 2020 - 8:00AM
UK Regulatory
TIDMMTO
RNS Number : 9188V
MITIE Group PLC
12 August 2020
12 August 2020
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 11 August 2020 Phil Bentley and Peter Dickinson were each
granted options over Ordinary shares of 2.5 pence each in the
Company under the Company's 2015 Long Term Incentive Plan
("LTIP").
The performance conditions attaching to the LTIP are EPS and
cash conversion, each accounting for 50% of the award. Given the
uncertainty around the long-term impact of COVID-19 on the
business, the Committee has delayed setting targets until later in
the financial year at which time it expects to have a better
understanding of the long-term effects of COVID-19 on the business.
Once set the targets will be disclosed in a stock exchange
announcement.
The attached notifications, made in accordance with the
requirements of the EU 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 INITIAL NOTIFICATION
/Amendment
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 SHARE OPTIONS OVER ORDINARY SHARES OF 2.5
the financial PENCE EACH IN MITIE GROUP PLC.
instrument, type IDENTIFICATION CODE FOR MITIE GROUP PLC
of instrument ORDINARY SHARES: GB0004657408
Identification
code
=========================
b) Nature of the GRANT OF OPTIONS FOR NIL CONSIDERATION UNDER
transaction THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE
PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
34.10 pence 5,278,592 OPTIONS
------------------
=========================
d) Aggregated information Price(s) Volume(s)
- Aggregated volume GBP1,799,999.87 5,278,592 OPTIONS
- Price ------------------
e) Date of the transaction 2020-08-11
=========================
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
b) Initial notification INITIAL NOTIFICATION
/Amendment
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 SHARE OPTIONS OVER ORDINARY SHARES OF 2.5
the financial PENCE EACH IN MITIE GROUP PLC.
instrument, type IDENTIFICATION CODE FOR MITIE GROUP PLC
of instrument ORDINARY SHARES: GB0004657408
Identification
code
b) Nature of the GRANT OF OPTIONS FOR NIL CONSIDERATION UNDER
transaction THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE
PLAN
c) Price(s) and volume(s) Price(s) Volume(s)
34.10 pence 1,979,472 OPTIONS
------------------
d) Aggregated information Price(s) Volume(s)
- Aggregated volume GBP674,999.95 1,979,472 OPTIONS
- Price ------------------
e) Date of the transaction 2020-08-11
f) Place of the transaction OUTSIDE A TRADING VENUE
=== ========================= ==============================================
For further information, contact:
Claire Lovegrove
Head of Media Relations M: +44 (0)790 027 E: claire.lovegrove@mitie.com
6400
Fiona Lawrence
Group IR Director M: +44 (0)7808 727 E: fiona.lawrenceIR@mitie.com
500
Peter Dickinson
Chief of Staff and General M: +44 (0)776 821 E: peter.dickinson@mitie.com
Counsel 5013
Notes for editors
About Mitie Group
Founded in 1987, Mitie is the UK's leading facilities management
and professional services company. It offers a range of services
including Technical Services (Engineering Services, Energy, Water
and Real Estate Services), Business Services (Security, Cleaning
and Office Services) and Specialist Services (Care & Custody,
Landscapes and Waste Management).
Mitie employs 48,900 people across the country, looking after a
large, diverse, blue-chip customer base, from banks and retailers,
to hospitals, schools and critical government strategic assets. It
takes care of its customers' people and buildings, by delivering
the basics brilliantly and by deploying advanced technology. It is
pioneering the Connected Workspace, using smart analytics to
provide valuable insight and deliver efficiencies to create
outstanding work environments for customers.
Find out more at www.mitie.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUUVWRRSUWARR
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