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MITIE Inks GBP155 Million Facilities Management Pact With Lloyds Banking

LONDON -(Dow Jones)- MITIE Group PLC (MTO.LN), a outsourcing and energy services company, Thursday said it signed a contract worth GBP155 million per annum to deliver facilities management services for Lloyds Banking Group (LLOY.LN). MAIN FACTS: -Contract is signed for a five year term and has a possible one year extension period. -MITIE will be providing a complete range of facilities management services across the bank's entire U.K. branch and office estate. -Services to be delivered include catering, reception, engineering maintenance, cleaning, security, waste management, minor capital reactive works, office space management and a range of other services. -Will also manage utilities expenditure under the contract along with a comprehensive energy management and carbon emissions reduction plan. -Shares of MITIE at 1158 GMT up 3 pence, or 1.2%, at 294.6 pence. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

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