AI assistant
Mitie Group PLC — Director's Dealing 2016
Nov 29, 2016
4697_dirs_2016-11-29_9539d941-bf41-49c5-bb10-b023d1aa9a63.html
Director's Dealing
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
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 /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
SHARE OPTIONS OVER 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
GRANT OF OPTIONS FOR NIL CONSIDERATION UNDER THE MITIE GROUP PLC 2015 LONG TERM INCENTIVE PLAN
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 204.76p | 879,077 OPTIONS |
d)
Aggregated information
- Aggregated volume
- Price
| Price(s) | Volume(s) |
| £1,799,998 | 879,077 OPTIONS |
e)
Date of the transaction
2016-11-29
f)
Place of the transaction
OUTSIDE OF TRADING VENUE
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: [email protected]
Lauren Hepburn
Investor and Public Relations Manager, Mitie Group plc
T: +44 (0) 203 123 8720 M: +44 (0) 7469 405 426 E: [email protected]
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