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REG - MITIE Group PLC - Disclosure of LTIP performance condition targets

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RNS Number : 1897D  MITIE Group PLC  14 October 2025

14 October 2025

Mitie Group plc

LEI number: 213800MTCLTKEHWZMJ03

 

 

 

Mitie Group plc (the "Company") - Disclosure of Long-Term Incentive Plan
performance condition targets

 

Further to the announcement made on 20 June 2025, in which the Company
disclosed the options over Ordinary shares of 2.5 pence each in the Company
granted to both Simon Kirkpatrick and Peter Dickinson under the Company's
Long-Term Incentive Plan, the Company confirms the performance condition
targets that apply to the awards are as follows:

 

 Performance measure                Weighting                     Threshold  On Target  Maximum
 Revenue 1                          33.3% of                      £5,990m    £6,300m    £6,620m

the award
 Earnings Per Share (EPS) 2         33.3% of                      15.9p      16.7p      17.5p

the award
 Return on Invested Capital (ROIC)  33.3% of      the award       20%        22%        24%

 

25% of the award will vest at threshold performance, 70% of the award will
vest at target and 100% of the award will vest at maximum performance. There
will be straight line vesting between these points.

 

The Committee will also have reference to ESG and leverage during the period
and has the discretion to adjust the award accordingly. Notwithstanding the
above, the Committee still has full discretion to ensure that the level of any
vesting out-turn is appropriate based on the overall performance of the Group
and the shareholder and employee experience.

 

- END -

 

For further information, contact:

Kate Heseltine

 Group IR & Corporate Finance Director      M: +44 (0)738 443 9112  E: kate.heseltine@mitie.com (mailto:kate.heseltine@mitie.com)

 

Claire Lovegrove

 Director of Corporate Affairs  M: +44 (0)790 027 6400  E: claire.lovegrove@mitie.com (mailto:claire.lovegrove@mitie.com)

 

Neil Bennett

 H/Advisors Maitland  M: +44 (0)790 000 0777  E: mite@h-advisors.global (mailto:mite@h-advisors.global)

 

About Mitie: The Future of High Performing Places

Founded in 1987, Mitie employs 80,000 colleagues and is the leading
technology-led Facilities Management, Transformation and Compliance company in
the UK.  We are a trusted partner to around 3,000 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
hygiene (soft services) we hold market leadership positions.  We also deliver
transformational projects in the areas of power and grid connections, building
fit outs & modernisation, decarbonisation, fire safety & security and
telecoms infrastructure, alongside compliance capabilities in fire safety
& security and environmental services.  Our sector expertise includes
central government, critical national infrastructure, defence, financial
services, healthcare & life sciences, local government & education,
retail & logistics, manufacturing & media and transport &
aviation.

 

We hold industry-leading ESG credentials, including a place on the CDP Climate
change A List, and we have received multiple awards including Best Low Carbon
Solution and Net Zero Carbon Strategy of the year. We have validated
science-based targets that support our ambitions to reach Net Zero.  We have
been recognised as a UK Top Employer for the seventh consecutive year and Most
Admired Company in the Support Services sector. We are also ranked 16th in the
Top 100 Apprenticeship employers and ninth in the Inclusive Top 50 UK
Employers list. Find out more at www.mitie.com (http://www.mitie.com) .

 

 1  Including share of JVs and associates

 2  Before Other items. EPS targets and performance measurement exclude the
benefits of share buybacks

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