Mitie Group PLC (MTO.LN), a strategic outsourcing and energy services company, said Wednesday that it has been awarded a three plus two year contract with the world's leading premium drinks business, Diageo PLC (DGE.LN).

MAIN FACTS:

-Mitie will work with Diageo to provide integrated facilities management and hospitality services throughout its entire U.K. and Irish property portfolio.

-The services will be delivered at over 70 sites across the U.K. and Ireland including all the client's manufacturing, packaging and distillery sites, and its global headquarters.

-With a base contract value of GBP16 million per annum and up to GBP3 million of project works to be undertaken each year in addition to this, the potential total value over the period will range from GBP80 million to GBP95 million.

-MITIE has been providing integrated facilities management to Diageo's Irish operations since it acquired Dalkia integrated facilities management in Ireland in June 2010.

-Mitie shares at 0920 GMT up 6 pence, or 2.8%, at 226 pence, valuing the company at GBP812.63 million.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com

Mitie (PK) (USOTC:MITFY)
Historical Stock Chart
From Feb 2025 to Mar 2025 Click Here for more Mitie (PK) Charts.
Mitie (PK) (USOTC:MITFY)
Historical Stock Chart
From Mar 2024 to Mar 2025 Click Here for more Mitie (PK) Charts.