REG - MITIE Group PLC - Director/PDMR Shareholding

MITIEAnnouncement

31/07/2024 16:30

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RNS Number : 6325Y  MITIE Group PLC  31 July 2024

31 July 2024

Mitie Group plc

LEI number: 213800MTCLTKEHWZMJ03

 

 

Mitie Group plc (the "Company") - Notification of Transactions of
Directors/Persons Discharging Managerial Responsibility and their Closely
Associated Persons

On 30 July 2024 Phil Bentley and Simon Kirkpatrick were granted options over
Ordinary shares of 2.5 pence each in the Company under the Company's Long Term
Incentive Plan ("LTIP").

 

The performance conditions attaching to the LTIP are Revenue, EPS and ROIC,
each accounting for 33.3% of the award. The Committee will also have reference
to leverage (average debt/EBITDA) and ESG underpins such that if leverage
and/or progress against the Company's ESG strategy is poor, there is specific
discretion to allow the award to be reduced accordingly, including to nil.

 

The number of shares under award has been determined using the average closing
share price for the four dealing days prior to the start of the financial year
on 1 April 2024 (being 104.60p), to provide direct alignment with the
performance period. These awards therefore represent grant levels of 600% and
175% of salary for Phil Bentley and Simon Kirkpatrick respectively.

The attached notifications, made in accordance with the requirements of the UK
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
 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  SHARE OPTIONS OVER ORDINARY SHARES OF 2.5 PENCE EACH IN MITIE GROUP PLC.

     Identification code                                          IDENTIFICATION CODE FOR MITIE GROUP PLC ORDINARY SHARES:  GB0004657408
 b)  Nature of the transaction                                    GRANT OF NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  NIL       5,162,523 OPTIONS
 d)  Aggregated information

Price(s)  Volume(s)
     - Aggregated volume                                          NIL       5,162,523 OPTIONS

     - Price

 e)  Date of the transaction                                      2024-07-30
 f)  Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

 Price(s)  Volume(s)
 NIL       5,162,523 OPTIONS

e)

Date of the transaction

2024-07-30

f)

Place of the transaction

OUTSIDE A 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                                                         SIMON KIRKPATRICK
 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  SHARE OPTIONS OVER ORDINARY SHARES OF 2.5 PENCE EACH IN MITIE GROUP PLC.

     Identification code                                          IDENTIFICATION CODE FOR MITIE GROUP PLC ORDINARY SHARES:  GB0004657408
 b)  Nature of the transaction                                    GRANT OF NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN
 c)  Price(s) and volume(s)

Price(s)  Volume(s)
                                                                  NIL       689,292 OPTIONS
 d)  Aggregated information

Price(s)  Volume(s)
     - Aggregated volume                                          NIL       689,292 OPTIONS

     - Price

 e)  Date of the transaction                                      2024-07-30
 f)  Place of the transaction                                     OUTSIDE A TRADING VENUE

d)

Aggregated information

- Aggregated volume

- Price

 

 

 

 

 Price(s)  Volume(s)
 NIL       689,292 OPTIONS

e)

Date of the transaction

2024-07-30

f)

Place of the transaction

OUTSIDE A TRADING VENUE

 

 

 

For further information

 

 Kate Heseltine                            M: +44 (0)738 443 9112  E: kate.heseltine@mitie.com (mailto:kate.heseltine@mitie.com)

 Group IR and Corporate Finance Director

 Claire Lovegrove                          M: +44 (0)790 027 6400  E: claire.lovegrove@mitie.com (mailto:claire.lovegrove@mitie.com)

 Director of Corporate Affairs

 Richard Mountain                          M: +44 (0)790 968 4466

 FTI Consulting

 

About Mitie

Founded in 1987, Mitie employs 68,000 colleagues and is the leading
technology-led Facilities Transformation company in the UK. We are a trusted
partner to around 3,000 blue chip customers across the public and private
sectors, working with them to transform their built estates, and the lived
experience for their colleagues and customers, as well as providing
data-driven insights to inform better decision-making.

 

In each of our core services of Engineering (Hard Services) and Security and
Cleaning & Hygiene (Soft Services) we hold market leadership positions. We
also upsell Projects capabilities in the areas of building fitouts and
modernisation, decarbonisation, fire & security, and telecoms
infrastructure. Our sector expertise includes Central Government, Critical
National Infrastructure, Defence, Financial Services, Healthcare & Life
Sciences, Local Government & Education, Retail & Logistics and
Transport & Aviation.

 

Over the previous Three-Year Plan (FY22 - FY24) Mitie delivered a Total
Shareholder Return (TSR) of 80% (#10 in FTSE 250). Our new Facilities
Transformation Three-Year Plan (FY25 - FY27) will extend Mitie's market
leadership position through accelerated growth and deliver enhanced
shareholder returns.

 

We hold industry-leading ESG credentials, including a place on the CDP Climate
change A List, and in the past 12 months we have received multiple industry
awards including B2B Marketing Team of the Year, Best Low Carbon Solution and
Net Zero Carbon Strategy of the Year. Targeting Net Zero by the end of 2025,
our ambitious emissions reduction plans have been validated by the Science
Based Targets initiative (SBTi). We have been recognised as a UK Top Employer
for the sixth consecutive year. Find out more at www.mitie.com
(http://www.mitie.com/) .

 

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