MITIE Group PLC Results of Secondary Placing (1571R)
March 04 2021 - 2:05AM
UK Regulatory
TIDMMTO
RNS Number : 1571R
MITIE Group PLC
04 March 2021
4 March 2021
Mitie Group plc
LEI number: 213800MTCLTKEHWZMJ03
Mitie Group plc (the "Company")
Further to the announcement by GLAS Trust Corporation Limited of
the successful sale of 149,017,301 ordinary shares in Mitie Group
plc, which represents 10.5% of the Company's issued share capital,
the Company confirms that it has agreed to the release of such
shares from the lock-up arrangements entered at the time of the
acquisition of Interserve Facilities Management.
How Group hold, in aggregate, approximately 7% of the Company's
issued share capital, which shares are subject to the share box
escrow arrangements , which were put in place at completion of the
acquisition of Interserve Facilities Management to provide the
Company with security for a two-year period following completion
against any indemnity claims, including any ICO fine which might
arise out of the cyber incident to which, inter alia, Interserve
Facilities Management was subject in 2020 .
The Company was not party to the placing and will not receive
any proceeds from the placing.
-Ends-
For further information, contact:
Claire Lovegrove
Head of Media Relations M: +44 (0)790 027 E: claire.lovegrove@mitie.com
6400
Fiona Lawrence
Group IR Director M: +44 (0)7808 727 E: fiona.lawrenceIR@mitie.com
500
Peter Dickinson
Chief of Staff and General M: +44 (0)776 821 E: peter.dickinson@mitie.com
Counsel 5013
Notes for editors
About Mitie
Founded in 1987, Mitie is one of the UK's leading facilities
management (FM) and professional services companies. We offer a
range of services to Central Government and Defence, Communities
(Hospitals, PFI schools and Local Authorities); and Technical
Services (Engineering Services, Energy, Water and Real Estate
Services) and Business Services (Security, Cleaning and Office
Services) to Private Sector clients in Financial Services,
Manufacturing, Transport, Retail and Telecoms; and Specialist
Services (Care & Custody, Landscapes and Waste Management).
Mitie, which acquired Interserve's FM business in December 2020,
employs 77,500 people and is the champion of the 'Front-Line
Heroes' who have kept Britain running during the COVID-19 pandemic.
We take care of our customers' people and buildings, by delivering
essential services and deploying industry leading technology to
create safe and effective workspaces.
The business continues to execute its technology-led strategy
and in the past six months has received multiple awards .
Find out more at www.mitie.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROIFIFSRVLISIIL
(END) Dow Jones Newswires
March 04, 2021 02:05 ET (07:05 GMT)
Mitie (LSE:MTO)
Historical Stock Chart
From Apr 2024 to May 2024
Mitie (LSE:MTO)
Historical Stock Chart
From May 2023 to May 2024