REG - MITIE Group PLC - Transaction in Own Shares

MITIEAnnouncement

30/07/2024 07:00

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RNS Number : 2900Y  MITIE Group PLC  30 July 2024

30 July 2024

Mitie Group plc

LEI number: 213800MTCLTKEHWZMJ03

 

Mitie Group plc - Transaction in Own Shares

 

Mitie Group plc ("Mitie" or the "Group") today announces that it purchased the
following number of its ordinary shares of 2.5 pence each on Exchange (as
defined in the Rules of the London Stock Exchange) from Stifel Nicolaus Europe
Limited ("Stifel") pursuant to its Share Buyback Programme, details of which
were announced on 24 July 2024.

 

 Date of purchase:                                    29/07/2024
 Aggregate number of Ordinary 2.5p Shares purchased:  500,000
 Lowest price paid per share (GBp):                   121.8000
 Highest price paid per share (GBp):                  123.4000
 Volume weighted average price paid per share (GBp):  122.9009
 Broker                                               Stifel

 

Mitie intends to cancel the purchased shares.

Following settlement and cancellation of the above purchase of ordinary shares
of 2.5 pence each, Mitie will have 1,315,045,656 ordinary shares of 2.5 pence
each in issue (excluding 13,254,962 ordinary shares of 2.5 pence each held in
treasury). This figure represents the total number of voting rights in Mitie.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (as such
Regulation has become part of domestic law by virtue of and for the purposes
of the European Union (Withdrawal) Act 2018 (as amended by the European Union
(Withdrawal Agreement) Act 2020) and as such Regulation has been amended in
such form by any regulations made under that Act), the schedule below contains
detailed and aggregated information of the individual trades made by Stifel as
part of the buyback programme.

This announcement is made in accordance with the requirements of Listing Rule
12.4.6.

For further information:

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

 Group IR & 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

Schedule of Purchases - Individual Transactions

 Number of shares purchased  Transaction price (Gbp)  Venue  Time of transaction  Trade ID
 50,000                      123.4                    XLON   09:12:04             00040681206TRLO1
 100,000                     123.4                    XLON   09:12:38             00040681224TRLO1
 30,000                      123.2                    XLON   09:18:48             00040681552TRLO1
 30,000                      122.8                    XLON   09:37:48             00040682501TRLO1
 25,000                      122.6                    XLON   09:44:36             00040682872TRLO1
 100,000                     123.0                    XLON   11:38:54             00040688472TRLO1
 20,000                      122.6                    XLON   12:10:44             00040689664TRLO1
 58,593                      122.8                    XLON   12:57:39             00040691257TRLO1
 17,000                      122.2                    XLON   15:06:54             00040697542TRLO1
 23,000                      122.4                    XLON   15:32:55             00040698990TRLO1
 8,546                       122.0                    XLON   15:35:23             00040699082TRLO1
 4,936                       122.0                    XLON   15:35:23             00040699083TRLO1
 2,925                       122.0                    XLON   15:35:23             00040699084TRLO1
 328                         121.8                    XLON   16:07:35             00040700901TRLO1
 633                         121.8                    XLON   16:07:52             00040700918TRLO1
 315                         121.8                    XLON   16:09:45             00040701007TRLO1
 642                         121.8                    XLON   16:10:42             00040701067TRLO1
 338                         121.8                    XLON   16:12:05             00040701125TRLO1
 10,806                      121.8                    XLON   16:12:05             00040701126TRLO1
 2,700                       121.8                    XLON   16:12:05             00040701127TRLO1
 4,520                       121.8                    XLON   16:12:05             00040701128TRLO1
 9,718                       121.8                    XLON   16:12:05             00040701129TRLO1

 

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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