Last checked at 18 Aug 2020 15:00
18 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
The Company announces the following transactions in its Ordinary Shares of 2.5p each.
On 18 August 2020 Phil Bentley exercised a total of 1,193,301 nil cost share options under the Mitie Group plc 2015 Long Term Incentive Plan ("LTIP").
Following completion of the rights issue the number of nil cost options was adjusted in-line with the accepted standard methodology.
Award exercised | Number of options exercised
| Option price | Number of shares retained |
LTIP granted 29 November 2016
| 850,184 | Nil | 850,184 |
LTIP granted 24 July 2017
| 343,117 | Nil | 343,117 |
The exercise of nil cost options creates a charge to income tax and National Insurance which has been settled by Phil Bentley in cash.
The attached notification, made in accordance with the requirements of the EU 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 - DIRECTOR | ||||
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 | 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 | EXERCISE OF NIL COST OPTIONS UNDER THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE PLAN | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Total volume - Total price |
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e) | Date of the transaction | 2020-08-18 | ||||
f) | Place of the transaction | XLON | ||||
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 | E: peter.dickinson@mitie.com |
Notes for editors
About Mitie Group
Founded in 1987, Mitie is one of 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 47,500 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 technology, using smart analytics to provide valuable insight and deliver efficiencies to create outstanding work environments for customers.
Find out more at www.mitie.com.