22 September 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
The Company announces the following transactions in its Ordinary Shares of 2.5p each.
On 21 September 2022 Peter Dickinson exercised a total of 711,127 nil cost share options under the Mitie Group plc 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 sold |
Sale price per share |
Number of shares retained |
|
LTIP granted 25 June 2019
|
711,127 |
Nil |
344,152 |
72.45 pence |
366,975 |
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 LONG TERM INCENTIVE PLAN |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Total volume - Total price |
|
||||
|
e) |
Date of the transaction |
2022-09-21 |
||||
|
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 LONG TERM INCENTIVE PLAN |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Total volume - Total price |
|
||||
|
e) |
Date of the transaction |
2022-09-21 |
||||
|
f) |
Place of the transaction |
XLON |
||||
For further information, contact:
Claire Lovegrove
|
Head of External Communications |
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 |
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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