TIDMMTO

RNS Number : 4553Q

MITIE Group PLC

29 November 2016

29 November 2016

Mitie Group plc

Mitie Group plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

On 29 November 2016 Phil Bentley was granted options over 879,077 Ordinary shares of 2.5 pence each in the Company under the Company's 2015 Long Term Incentive Plan ("LTIP"). Vesting of options under the award is conditional upon the achievement of performance conditions in respect of financial years 2017/18, 2018/19 and 2019/20. Subject to the achievement of these conditions, 50% of the vested award will be released in May 2020, 25% in November 2020 and the remaining 25% in November 2021.

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 
===  =====================  ======================================= 
 2    Reason for the notification 
 a)   Position/status        PDMR - CHIEF EXECUTIVE DESIGNATE 
===  =====================  ======================================= 
 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            SHARE OPTIONS OVER ORDINARY SHARES 
       of the financial       OF 2.5 PENCE EACH IN MITIE GROUP 
       instrument,            PLC. 
       type of instrument     IDENTIFICATION CODE FOR MITIE GROUP 
       Identification         PLC ORDINARY SHARES: GB0004657408 
       code 
===  =====================  ======================================= 
 b)   Nature of              GRANT OF OPTIONS FOR NIL CONSIDERATION 
       the transaction        UNDER THE MITIE GROUP PLC 2015 LONG 
                              TERM INCENTIVE PLAN 
 c)   Price(s) and                   Price(s)      Volume(s) 
       volume(s)                   ---------  ---------------- 
                                    204.76p    879,077 OPTIONS 
                                   ---------  ---------------- 
===  =====================  ======================================= 
 d)   Aggregated                     Price(s)        Volume(s) 
       information                 -------------  ---------------- 
       - Aggregated                 GBP1,799,998   879,077 OPTIONS 
       volume                      -------------  ---------------- 
       - Price 
 e)   Date of the            2016-11-29 
       transaction 
===  =====================  ======================================= 
 f)   Place of the           OUTSIDE OF TRADING VENUE 
       transaction 
===  =====================  =======================================

For further information, contact:

John Telling

Group Corporate Affairs Director, Mitie Group plc

T: +44 (0) 203 123 8673 M: +44 (0) 7979 701 006 E: john.telling@mitie.com

Lauren Hepburn

Investor and Public Relations Manager, Mitie Group plc

T: +44 (0) 203 123 8720 M: +44 (0) 7469 405 426 E: lauren.hepburn@mitie.com

Notes for editors

What is Mitie?

Mitie is a FTSE250 strategic outsourcing company.

We work with people who want to perform better - now and in the future. We help our clients to run more efficient and effective businesses by looking after their facilities, their energy needs and the people they're responsible for.

We're all about developing our people to excel every day, challenge the status quo, and inspire change in the way people live and work.

Find out more at www.mitie.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUKUSRNVAAUAA

(END) Dow Jones Newswires

November 29, 2016 09:26 ET (14:26 GMT)

Mitie (LSE:MTO)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Mitie Charts.
Mitie (LSE:MTO)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Mitie Charts.