Mitie Group (MTO)

Sector:

Support

Index:

FTSE 250

121.40p
   
  • Change Today:
      0.40p
  • 52 Week High: 121.80p
  • 52 Week Low: 88.90p
  • Currency: UK Pounds
  • Shares Issued: 1,331.39m
  • Volume: 5,563,069
  • Market Cap: £1,616.30m
  • RiskGrade: 216

How Group sells entire stake in Mitie

By Michele Maatouk

Date: Thursday 17 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Mitie said on Thursday that How Group has sold its entire stake in the outsourcer.
How Group sold just under 99.4m ordinary shares, which was its entire 7% interest.

According to traders, the shares were sold at around 70p each, which is a 5% discount to Wednesday's closing share price.

The shares were previously subject to 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.

Mitie said £40m of the proceeds of the How Group share sale have now been used to replace the shares held in escrow.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mitie Group Market Data

Currency UK Pounds
Share Price 121.40p
Change Today 0.40p
% Change 0.33 %
52 Week High 121.80p
52 Week Low 88.90p
Volume 5,563,069
Shares Issued 1,331.39m
Market Cap £1,616.30m
RiskGrade 216

Mitie Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.96% below the market average71.96% below the market average71.96% below the market average71.96% below the market average71.96% below the market average
64.84% below the sector average64.84% below the sector average64.84% below the sector average64.84% below the sector average64.84% below the sector average
Price Trend
82.05% above the market average82.05% above the market average82.05% above the market average82.05% above the market average82.05% above the market average
61.62% above the sector average61.62% above the sector average61.62% above the sector average61.62% above the sector average61.62% above the sector average
Income
12.48% above the market average12.48% above the market average12.48% above the market average12.48% above the market average12.48% above the market average
9.38% above the sector average9.38% above the sector average9.38% above the sector average9.38% above the sector average9.38% above the sector average
Growth
88.86% above the market average88.86% above the market average88.86% above the market average88.86% above the market average88.86% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Mitie Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 22-Jun-23
Paid 31-Jan-24 04-Aug-23
Amount 1.00p 2.20p

Trades for 17-May-2024

Time Volume / Share Price
15:16 2,347,000 @ 120.80p
15:06 2,347,000 @ 120.80p
16:35 320,623 @ 121.40p
16:35 1,302 @ 121.40p
16:35 3,112 @ 121.40p

Mitie Group Key Personnel

CEO Phillip Bentley

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