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Mitie Group PLC — Director's Dealing 2017
Jul 25, 2017
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Director's Dealing
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RNS Number : 0273M
MITIE Group PLC
25 July 2017
25 July 2017
Mitie Group plc
Mitie Group plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons
On 24 July 2017 Phil Bentley and Sandip Mahajan were each granted options over Ordinary shares of 2.5 pence each in the Company under the Company's 2015 Long Term Incentive Plan ("LTIP").
The awards were made following the same structure as LTIP grants in July 2016, being conditional upon performance against four measures relating to growth in earnings per share (governing 25% of the awards), relative total shareholder return (governing 20% of the awards), cash conversion (governing 30% of the awards) and strategic objectives (governing 25% of the awards).
The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give 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 OFFICER
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) |
| 268.9p | 669,393 OPTIONS |
d)
Aggregated information
- Aggregated volume
- Price
| Price(s) | Volume(s) |
| £1,799,998 | 669,393 OPTIONS |
e)
Date of the transaction
2017-07-24
f)
Place of the transaction
OUTSIDE OF TRADING VENUE
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
SANDIP MAHAJAN
2
Reason for the notification
a)
Position/status
PDMR - CHIEF FINANCIAL OFFICER
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) |
| 268.9p | 148,754 OPTIONS |
d)
Aggregated information
- Aggregated volume
- Price
| Price(s) | Volume(s) |
| £400,000 | 148,754 OPTIONS |
e)
Date of the transaction
2017-07-24
f)
Place of the transaction
OUTSIDE OF TRADING VENUE
For further information, contact:
Peter Dickinson
General Counsel and Company Secretary, Mitie Group plc
T: +44 (0) 203 123 8157 M: +44 (0)776 821 5013 E: [email protected]
Anna Chen
Investor Relations Manager, Mitie Group plc
T: +44 (0) 203 123 8675 M: +44 (0)781 852 7265 E: [email protected]
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 60,000 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
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