REG - Mission Marketing - Director/PDMR Shareholding

MissionAnnouncement

23/04/2019 14:40

RNS Number : 8348W
The Mission Marketing Group PLC
23 April 2019
 


 
 
 
The Mission Marketing Group plc 
 
Vesting of LTIP awards, Director/PDMR dealing and
EBT share dealing
 
The Mission Marketing Group plc ("themission", "the Company" or "the Group", AIM: TMMG), announces that, having vested, a total of 113,398 nil-cost options under the Group's Long Term Incentive Plan ("LTIP") were exercised by certain of the Directors and employees of the Company on 23 April 2019.  The exercise of LTIP options gives rise to PAYE and NI liabilities and, as such, certain Directors and employees sold, in aggregate, 32,111 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 74.5p each on 23 April 2019 to meet their tax liabilities. All of the 32,111 Ordinary Shares sold by these individuals were bought by The Mission Marketing Group Employee Benefit Trust ("EBT") at a price of 74.5p each on 23 April 2019. 
 
In addition. Robert Day, a Director of the Company, and certain other employees sold, in aggregate, a further 16,732 Ordinary Shares at a price of 74.5p each on 23 April 2019 and the EBT bought 16,732 Ordinary Shares at a price of 74.5p each on 23 April 2019.
 
The exercise of the 113,398 nil-cost options under the LTIP, net of those Ordinary Shares sold by certain directors and employees as set out above, has been satisfied by the transfer of 64,555 Ordinary Shares held by the EBT.
 
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
 


6,145,044


4,167


(1,875)


-


6,147,336


7.21%




Robert Day
 


5,153,524


7,778


(3,656)


(4,122)


5,153,524


6.04%




Dylan Bogg
 


1,486,823


8,667


-


-


1,495,490


1.75%




Sue Mullen
 


1,084,054


1,667


-


-


1,085,721


1.27%




Fiona Shepherd
 


1,000,073


6,667


(3,133)


-


1,003,607


1.18%




Giles Lee
 


759,825


12,000


(5,640)


-


766,185


0.90%




Peter Fitzwilliam
 


698,461


4,167


-


-


702,628


0.82%




James Clifton


185,655


8,667


(4,073)


-


190,249


0.22%
 



 
 
Following the transfer of shares from the EBT to the LTIP awardees, and the subsequent purchase of 48,843 Ordinary Shares by the EBT, a total of 684,840 Ordinary Shares, representing 0.80 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
Peter Fitzwilliam, Finance Director
The Mission Marketing Group plc


 
 
020 7462 1415




 
Mark Percy / James Thomas (Corporate Advisory)








Shore Capital (Nomad and Broker)


020 7408 4090



 
themission is a network of entrepreneurial marketing communications Agencies employing over 1,000 people in the UK, Asia and US, working together to provide Clients with the expertise and resource to make them more successful in today's dynamic environment.
 
www.themission.co.uk
 
 
 
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them:
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


David Morgan




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards
Disposal of ordinary shares
 




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


4,167 shares
 




74.5p


1,875 shares (sold)



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Robert Day




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards
Disposal of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


7,778 shares
 




74.5p


7,778 shares (sold)



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Dylan Bogg




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


8,667 shares
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Sue Mullen




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


1,667 shares
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Fiona Shepherd




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards
Disposal of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


6,667 shares
 




74.5p


3,133 shares (sold)



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Giles Lee




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards
Disposal of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


12,000 shares
 




74.5p


5,640 shares (sold)



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


Peter Fitzwilliam




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


4,167 shares
 



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 
 


James Clifton




2
 


Reason for the notification
 




a)
 


Position/status
 
 


Director




b)
 


Initial notification /Amendment
 
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 
 


The Mission Marketing 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
 
 


Vesting of LTIP awards
Disposal of Ordinary Shares




c)
 


Price(s) and volume(s)
 
 


 



Price(s)
 


Volume(s)




Nil cost


8,667 shares
 




74.5p


4,073 shares (sold)



 
 




d)
 


Aggregated information
 
 
- Aggregated volume
 
 
- Price
 
 


Not Applicable - Single Transaction




e)
 


Date of the transaction
 
 


23 April 2018




f)
 


Place of the transaction
 
 


London Stock Exchange, AIM Market (XLON)



 
 
 
 
 
 
 
 




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