MITIE Group PLC Property Management business - update (4215Y)
December 05 2017 - 5:13AM
UK Regulatory
TIDMMTO
RNS Number : 4215Y
MITIE Group PLC
05 December 2017
05 December 2017
Mitie Group plc
LEI number: 213800MTCLTKEHWZMJ03
Property Management business - update
Mitie Group plc today confirms that it has withdrawn from sale
its Property Management business. The Mitie Board considered all
indicative offers received for this profitable business, and
concluded that none were at a sufficient level with which to
proceed. The decision to retain Mitie Property Management provides
clarity of ownership and reflects the Board's view that there is
greater shareholder and strategic value in keeping the business.
The Property Management team can now fully focus on continuing to
deliver for its customers and on its own operational and financial
performance.
-Ends-
For further information, contact:
Tori Cowley
Director of Investor Relations & Corporate Affairs
T: +44 (0) 203 123 8705 M: +44 (0) 781 852 8110 E:
tori.cowley@mitie.com
Peter Dickinson
General Counsel and Company Secretary, Mitie Group plc
T: +44 (0) 203 123 8157 M: +44 (0)776 821 5013 E:
peter.dickinson@mitie.com
Notes for editors
About Mitie Group
Mitie is a FTSE 250 business providing a wide range of
facilities management and professional services, from real estate
consultancy, project management, energy consultancy, compliance,
risk assessment and security systems to cleaning, catering,
engineering, technical and environmental services and a range of
specialist services.
We work in partnership with organisations to deliver long-term
savings, managing and maintaining some of the nation's most
recognised landmarks for a range of blue-chip public and private
sector customers.
We are the UK's largest Facilities Management company employing
some 53,000 people across the country.
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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