20th Jun 2025 16:30
20 June 2025
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 19 June 2025 Simon Kirkpatrick and Peter Dickinson 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 during the period. In the coming months the Board will be considering the strategy for FY28 onwards. The Committee have therefore made the decision to delay setting the performance targets. The targets will be set before the end of October 2025 to allow for more meaningful three-year targets aligned with the future strategic plans. Once set, the targets will be disclosed in a stock exchange announcement.
The number of shares under award has been determined using the average closing share price for the five dealing days prior to the start of the financial year on 1 April 2025 (being 1.148p), to provide direct alignment with the performance period.
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 | 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 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 NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price
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e) | Date of the transaction | 2025-06-19 | ||||
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 | PETER DICKINSON | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR - CHIEF LEGAL 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 NIL-COST OPTIONS UNDER THE MITIE GROUP PLC LONG TERM INCENTIVE PLAN | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price
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e) | Date of the transaction | 2025-06-19 | ||||
f) | Place of the transaction | OUTSIDE A TRADING VENUE | ||||
For further information, contact:
Kate Heseltine
Group IR & Corporate Finance Director | M: +44 (0)738 443 9112 |
Claire Lovegrove
Director of Corporate Affairs | M: +44 (0)790 027 6400 |
Neil Bennett
H/Advisors Maitland | M: +44 (0)790 000 0777 |
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About Mitie: "Better places; Thriving Communities"
Founded in 1987, Mitie employs 72,000 colleagues and is the leading technology-led Facilities Transformation company in the UK. We are a trusted partner to a diverse range of 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 hygiene (soft services) we hold market leadership positions. We also deliver projects capabilities in the areas of power and grid connections, building fit outs & 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.
We hold industry-leading ESG credentials, including a place on the CDP Climate change A List, and we have received multiple industry awards recently 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 seventh consecutive year and Most Admired Company in the Support Services sector. Find out more at www.mitie.com.
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