REG - Mission Group PLC - Director/PDMR Shareholding
RNS Number : 9529VMission Group PLC (The)19 April 2021
The Mission Group plc
("MISSION" "The Company" or "The Group")
Vesting of LTIP awards, Director/PDMR dealing and
EBT share dealing
MISSION (AIM:TMG), the alternative group for ambitious brands, announces that, having vested, a total of 139,771 nil-cost options, granted under the Group's Long Term Incentive Plan ("LTIP") in 2015, were exercised by certain of the Directors and employees of the Company on 16 April 2021. Accordingly, 139,771 ordinary shares of 10 pence each ("Ordinary Shares") in the Company were transferred from The Mission Group Employee Benefit Trust ("EBT") to the LTIP awardees on 16 April 2021.
In addition, as part of his annual remuneration package, James Clifton, Group Chief Executive, has been issued Ordinary Shares to the value of £25,000 ("Remuneration Shares"). The Remuneration Shares were issued at a price of 80.9p per share, being the daily average closing price for the Company's shares for the five days preceding 9 April 2021, the anniversary of his appointment as Group Chief Executive, giving a total award of 30,902 Ordinary Shares. The Remuneration Shares give rise to PAYE and NI liabilities and, as such, Mr Clifton elected to receive such number of Remuneration Shares net-of-tax, being 16,378 Ordinary Shares. These shares were transferred to Mr Clifton from the EBT on 16 April 2021, increasing his interest in the Company to 522,909 shares, representing 0.6% of the Company's issued share capital.
The exercise of LTIP options also gives rise to PAYE and NI liabilities and, as such, certain Directors and employees sold, in aggregate, 59,737 Ordinary shares at a price of 86.0p each on 16 April 2021 to meet their tax liabilities. All of these Ordinary Shares were bought by the EBT at a price of 86.0p each on 16 April 2021. In addition. David Morgan, Robert Day and Peter Fitzwilliam, Directors of the Company, and certain other employees sold, in aggregate, a further 28,682 Ordinary Shares at a price of 86.0p each on 16 April 2021 and the EBT bought all these Ordinary Shares at a price of 86.0p each on 16 April 2021.
The following table sets out details of the Directors' share dealings and resulting interests in the Company's issued share capital:
Director
Existing interest
LTIP options exercised
Shares sold to EBT to satisfy tax liabilities
Shares sold to EBT
Resulting interest
Resulting interest (%)
David Morgan
6,439,303
8,333
(3,750)
(4,583)
6,439,303
7.1%
Robert Day
5,439,533
15,555
(7,311)
(8,244)
5,439,533
6.0%
Dylan Bogg
1,698,999
17,333
(8,147)
-
1,708,185
1.9%
Sue Mullen
1,234,188
3,333
(1,553)
-
1,235,968
1.4%
Fiona Shepherd
1,302,866
13,333
(6,267)
-
1,309,932
1.4%
Giles Lee
1,058,033
24,000
(11,280)
-
1,070,753
1.2%
Peter Fitzwilliam
1,033,067
8,333
(3,917)
(4,416)
1,033,067
1.1%
James Clifton
522,909
17,333
(8,147)
-
532,095
0.6%
Following the transfer of shares from the EBT to James Clifton and the LTIP awardees, a total of 820,685 Ordinary Shares, representing 0.9 percent of the Company's total voting rights, are held in the EBT.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014. The notification below provides further detail.
Enquiries:
David Morgan, Chairman
James Clifton, Chief Executive
Peter Fitzwilliam, Chief Financial Officer
The MISSION Group plc
020 7462 1415
Mark Percy / James Thomas / Sarah Mather (Corporate Advisory)
Shore Capital (Nomad and Broker)
020 7408 4090
Kate Hoare / Laura Stewart
0204 529 0549
HOUSTON (Financial PR and Investor Relations)
MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing 1,000 people across 27 locations and 3 continents, the Group successfully combines its diverse expertise to bring about commercially effective solutions for some of the world's biggest Clients.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Morgan
Robert Day
Dylan Bogg
Sue Mullen
Fiona Shepherd
Giles Lee
Peter Fitzwilliam
James Clifton
2
Reason for the notification
a)
Position/status
David Morgan
Chairman
Robert Day
Deputy Chairman
Dylan Bogg
Executive Director
Sue Mullen
Executive Director
Fiona Shepherd
Executive Director
Giles Lee
Commercial Director
Peter Fitzwilliam
Chief Financial Officer
James Clifton
Chief Executive Officer
b)
Initial notification /Amendment
19 April 2021
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Mission Group plc
b)
LEI
213800L567CF3Z6GPZ03
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence each
GB00B11FD453
b)
Nature of the transaction
Exercise of LTIP options
c)
Price(s) and volume(s)
Price(s)
Volume(s)
David Morgan
86.0p
8,333
Robert Day
86.0p
15,555
Dylan Bogg
86.0p
17,333
Sue Mullen
86.0p
3,333
Fiona Shepherd
86.0p
13,333
Giles Lee
86.0p
24,000
Peter Fitzwilliam
86.0p
8,333
James Clifton
86.0p
17,333
d)
Aggregated information
- Aggregated volume
- Price
107,553
86.0p
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
Off-market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Morgan
Robert Day
Dylan Bogg
Sue Mullen
Fiona Shepherd
Giles Lee
Peter Fitzwilliam
James Clifton
2
Reason for the notification
a)
Position/status
David Morgan
Chairman
Robert Day
Deputy Chairman
Dylan Bogg
Executive Director
Sue Mullen
Executive Director
Fiona Shepherd
Executive Director
Giles Lee
Commercial Director
Peter Fitzwilliam
Chief Financial Officer
James Clifton
Chief Executive Officer
b)
Initial notification /Amendment
19 April 2021
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Mission Group plc
b)
LEI
213800L567CF3Z6GPZ03
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence each
GB00B11FD453
b)
Nature of the transaction
Sale
c)
Price(s) and volume(s)
Price(s)
Volume(s)
David Morgan
86.0p
8,333
Robert Day
86.0p
15,555
Dylan Bogg
86.0p
8,147
Sue Mullen
86.0p
1,553
Fiona Shepherd
86.0p
6,267
Giles Lee
86.0p
11,280
Peter Fitzwilliam
86.0p
8,333
James Clifton
86.0p
8,147
d)
Aggregated information
- Aggregated volume
- Price
67,615
86.0p
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
Off-market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
James Clifton
2
Reason for the notification
a)
Position/status
Chief Executive
b)
Initial notification /Amendment
19 April 2021
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
The Mission Group plc
b)
LEI
213800L567CF3Z6GPZ03
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 10 pence each
GB00B11FD453
b)
Nature of the transaction
Shares issued as part of remuneration package
c)
Price(s) and volume(s)
16,378 Ordinary Shares
80.9p per share
d)
Aggregated information
- Aggregated volume
- Price
16,378
80.9p
e)
Date of the transaction
16 April 2021
f)
Place of the transaction
Off-market
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.ENDDSHSFEFWUEFSESL
Recent news on Mission
See all newsREG - AIM - AIM Notice - 23/04/2024
AnnouncementREG - Mission Group PLC - Issue of Contingent Consideration Shares & TVR
AnnouncementREG - Mission Group PLC - Final Results
AnnouncementREG - Mission Group PLC - Final Results
AnnouncementREG - Mission Group PLC - Holding(s) in Company
Announcement