Company Announcements

Director/PDMR Shareholding

Source: RNS
RNS Number : 7518T
MITIE Group PLC
21 March 2023
 

21 March 2023

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 was notified of the following acquisitions of Ordinary Shares of 2.5 pence each.

 

On 20 March 2023 Peter Dickinson exercised a total of 1,181,102 nil cost share options under the Mitie Group plc Conditional Share Plan ("CSP"). 

 

Award exercised

Number of options exercised

 

Option price

Number of shares sold

Sale price per share

Number of shares retained

CSP granted

1 December 2020

1,181,102

Nil

557,068

78.2271 pence

624,034

 

 

The exercise of nil cost options creates a charge to income tax and National Insurance which will be settled from the proceeds of the share sale. Mr Dickinson opted to sell sufficient shares to cover the charge and will retain the remaining shares.

 

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

PETER DICKINSON

b

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

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 CONDITIONAL SHARE PLAN

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

NIL

1,181,102

d)

Aggregated information

- Total volume

- Total price

 

Price(s)

Volume(s)

NIL

1,181,102

 

 

e)

Date of the transaction

2023-03-20

f)

Place of the transaction

XLON

 



 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

PETER DICKINSON

b

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

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

SALE OF SUFFICIENT SHARES TO COVER TAX WITHHOLDING OBLIGATIONS ARISING ON EXERCISE OF NIL COST OPTIONS UNDER THE MITIE GROUP PLC CONDITIONAL SHARE PLAN

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

78.2271 PENCE

557,068

d)

Aggregated information

- Total volume

- Total price

 

Price(s)

Volume(s)

£435,778.14

557,068

 

 

e)

Date of the transaction

2023-03-20

f)

Place of the transaction

XLON

 

 

 

 



 

 

For further information, contact:

Kate Heseltine

Group IR Director

M: +44 (0)738 443 9112

E: kate.heseltine@mitie.com

 

Claire Lovegrove

Head of External Communications

M: +44 (0)790 027 6400

E: claire.lovegrove@mitie.com

 

Peter Dickinson

Chief of Staff and General Counsel

M: +44 (0)776 821 5013

E: peter.dickinson@mitie.com

 

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. 

 

Mitie acquired Interserve's facilities management business on 30 November 2020 and now employs 68,000 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', and we are transforming facilities to be more flexible, safe, sustainable, and attractive to all.  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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