LONDON (dpa-AFX) - Mitie Group plc (MTO.L) said that it agreed to purchase certain minority shareholdings of three Mitie subsidiary companies: Mitie Care and Custody Limited or 'MCCL', Mitie Business Services UK Limited or 'MBSUKL' and Mitie Technical Facilities Management Limited or 'MTFML'.
The total maximum consideration for all three purchases amounts to 16.1 million pounds. This will be satisfied as to £1.4 million in cash and as to the remaining 14.7 million pounds by the issue of 6,015,255 new ordinary shares of 2.5p each in Mitie, valued at 244.38 pence per share.
As a result of these acquisitions Mitie will own 100% of the issued share capital of MBSUKL and MTFML, and 93.14% of the issued share capital of MCCL.
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