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
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
PHIL BENTLEY |
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b |
Reason for the notification |
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a) |
Position/status |
PDMR - CHIEF EXECUTIVE OFFICER |
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b) |
Initial notification /Amendment |
INITIAL NOTIFICATION |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
MITIE GROUP PLC |
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b) |
LEI |
213800MTCLTKEHWZMJ03 |
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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 |
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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 |
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b) |
Nature of the transaction |
GRANT OF OPTIONS UNDER THE MITIE GROUP PLC SAVE AS YOU EARN SCHEME |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Total volume - Total price |
NOT APPLICABLE - SINGLE TRANSACTION
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e) |
Date of the transaction |
2021-11-02 |
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f) |
Place of the transaction |
OUTSIDE A TRADING VENUE |
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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 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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