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Mitie Group says FCA has dropped its investigation

The probe into the preparation of Mitie's results for the year to the end of March, 2016, did not involve any current directors of Mitie, any former non-executive directors of Mitie or former CFO Sandip Mahajan
Magnifying glass
Mitie is off the hook

The Financial Conduct Authority’s (FCA) investigation into the timeliness of a profit warning announced by Mitie Group PLC (LON:MTE) in September 2016 has been discontinued.

The FCA had also been investigating the preparation and content of the company's financial information, position and results for the period ending 31 March 2016; this investigation, which was actually focused on Mitie’s advisors rather than the struggling outsourcer, has also been dropped.

READ: Mitie clarifies reports of an investigation into its 2016 results by UK's FRC

Shares in Mitie were down 1.8% in mid-morning trade.

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MITIE Group PLC Timeline

June 08 2018

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