TIDMMTO

RNS Number : 0455M

MITIE Group PLC

07 October 2016

7 October 2016

Mitie Group plc

Mitie Group plc ("Mitie") - Notification of substantial shareholding

Mitie has received the following notification in relation to a major interest in its shares.

 
 1. Identity of the issuer or                         Mitie Group plc 
  the underlying issuer of existing 
  shares to which voting rights 
  are attached: 
---------------------------------------------  ---------------------------- 
 2. Reason for the notification (please tick 
  the appropriate box or boxes) 
-----------------------------------------------  -------------------------- 
 An acquisition or disposal of voting rights.                 X 
-----------------------------------------------  -------------------------- 
 An acquisition or disposal of qualifying 
  financial instruments which may result in 
  the acquisition of shares already issued 
  to which voting rights are attached 
-----------------------------------------------  -------------------------- 
 An acquisition or disposal of instruments 
  with similar economic effect to qualifying 
  financial instruments 
-----------------------------------------------  -------------------------- 
 An event changing the breakdown of voting 
  rights 
-----------------------------------------------  -------------------------- 
 Other (please specify): 
-----------------------------------------------  -------------------------- 
 3. Full name of person(s) subject               Silchester International 
  to the notification obligation:                      Investors LLP 
---------------------------------------------  ---------------------------- 
 4. Full name of shareholder(s)                  Silchester International 
  (if different from 3.):                         Investors International 
                                                    Value Equity Taxable 
                                                           Trust 
                                                  Silchester International 
                                                  Investors International 
                                                     Value Equity Trust 
                                                  Silchester International 
                                                  Investors International 
                                                     Value Equity Group 
                                                           Trust 
                                                  Silchester International 
                                                     Investors Tobacco 
                                                     Free International 
                                                     Value Equity Trust 
                                                     The Calleva Trust 
---------------------------------------------  ---------------------------- 
 5. Date of the transaction                           6 October 2016 
  (and date on which the threshold 
  is crossed or reached if different): 
---------------------------------------------  ---------------------------- 
 6. Date on which issuer notified:                    6 October 2016 
---------------------------------------------  ---------------------------- 
 7. Threshold(s) that is/are                             Above 10% 
  crossed or reached: 
---------------------------------------------  ---------------------------- 
 
 
 
  8. Notified details: 
 -----------------------------------------------------  ------------------------------------------ 
 A: Voting rights attached to shares 
------------------------------------------------------------------------------------------------ 
 Class/type       Situation previous        Resulting situation after 
 of shares         to the Triggering         the triggering transaction 
 if possible       transaction 
 using the 
 ISIN CODE 
---------------  ------------------------  ----------------------------------------------------- 
                  Number       Number       Number       Number of             % of voting 
                   of Shares    of Voting    of shares    voting rights         rights 
                                Rights 
 --------------  -----------  -----------  -----------  --------------------  ------------------ 
                                                         Direct   Indirect     Direct   Indirect 
 --------------  -----------  -----------  -----------  -------  -----------  -------  --------- 
 GB0004657408 
 Common 
 Stock            17,795,858   17,795,858                         36,169,272            10.07% 
---------------  -----------  -----------  -----------  -------  -----------  -------  --------- 
 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/ Conversion   Number of         % of 
  instrument          date         Period/ Date           voting rights     voting 
                                                          that may be       rights 
                                                          acquired if 
                                                          the instrument 
                                                          is exercised/ 
                                                          converted. 
------------------  -----------  ---------------------  ----------------  -------- 
 N/A                 N/A          N/A                    N/A               N/A 
------------------  -----------  ---------------------  ----------------  -------- 
 
 
 C: Financial Instruments with similar economic 
  effect to Qualifying Financial Instruments 
------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------ 
 Type of       Exercise   Expiration   Exercise/Conversion   Number        % of voting 
  financial     price      date         period                of voting     rights 
  instrument                                                  rights 
                                                              instrument 
                                                              refers 
                                                              to 
------------  ---------  -----------  --------------------  ------------  ---------------- 
 N/A           N/A        N/A          N/A                   N/A           Nominal   Delta 
------------  ---------  -----------  --------------------  ------------  --------  ------ 
                                                                           N/A       N/A 
------------  ---------  -----------  --------------------  ------------  --------  ------ 
 
 
 Total (A+B+C) 
--------------------------------------------- 
 Number of voting rights   % of voting rights 
------------------------  ------------------- 
       36,169,272                10.07% 
------------------------  ------------------- 
 
 
 9. Chain of controlled undertakings through which 
  the voting rights and/or the financial instruments 
  are effectively held, if applicable: 
---------------------------------------------------- 
 
   N/A 
---------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------- 
 10. Name of the proxy holder:        Silchester International 
                                       Investors LLP 
-----------------------------------  ------------------------- 
 11. Number of voting rights          N/A 
  proxy holder will cease to hold: 
-----------------------------------  ------------------------- 
 12. Date on which proxy holder       N/A 
  will cease to hold voting rights: 
-----------------------------------  ------------------------- 
 
 
 13. Additional               Silchester International Investors LLP ("Silchester") acts as investment manager for 
 information:                  the clients 
                               detailed in Question 4 above (our "Clients"). In acting for our Clients, Silchester are 
                               given 
                               full discretion over their investments and are empowered to vote on their behalf. 
                               However, 
                               we do not act as our Clients' custodian and therefore shares are not held in our name 
                               but 
                               in the name of each Client's custodian bank. 
                               The change in Silchester's holdings was due to a series of transactions over a series 
                               of different 
                               trading days. Details of the number of shares held before the change (shown in Section 
                               A) 
                               represent the shares held by Silchester's clients as of the date of our last Notice of 
                               Substantial 
                               Shareholder's Interest (a notification of crossing above 5% of the company's voting 
                               rights) 
                               and not as of the last trading day before which this disclosure was triggered. 
                               Notification is provided based on a total voting rights figure of 359,046,971. 
--------------------------  ------------------------------------------------------------------------------------------ 
 14. Contact name:           John Telling , Group Corporate 
                              Affairs Director 
--------------------------  ------------------------------------------------------------------------------------------ 
 15. Contact telephone       T: +44 (0)20 3123 8673 M: 07979 
  number:                     701006 
--------------------------  ------------------------------------------------------------------------------------------ 
 

For further information, contact:

John Telling

Group Corporate Affairs Director, Mitie Group plc

T: +44 (0)20 3123 8673 M: +44 (0)7979 701006 E: John.Telling@mitie.com

Lauren Hepburn

Investor and Public Relations Manager, Mitie Group plc

T: +44 (0)20 3123 8720 M: +44 (0)7469 405426 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

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