REG - Mission Marketing - Director/PDMR Shareholding
RNS Number : 6115ZThe Mission Marketing Group PLC20 May 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 363,000 nil-cost options granted under the Group's Long Term Incentive Plan ("LTIP") in 2016 were exercised by certain of the Directors and employees of the Company on 20 May 2019.
The exercise of LTIP options gives rise to PAYE and NI liabilities and, as such, certain Directors and employees sold, in aggregate, 58,388 ordinary shares of 10 pence each ("Ordinary Shares") at a price of 77.0p each on 20 May 2019 to meet their tax liabilities. All of the 58,388 Ordinary Shares sold by these individuals were bought by The Mission Marketing Group Employee Benefit Trust ("EBT") at a price of 77.0p each on 20 May 2019.
In addition, Robert Day and Giles Lee, Directors of the Company, and certain other employees sold, in aggregate, a further 26,500 Ordinary Shares at a price of 77.0p each on 20 May 2019 and the EBT bought 26,5000 Ordinary Shares at a price of 77.0p each on 20 May 2019.
The exercise of the 363,000 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 173,094 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
6,147,336
10,000
(4,500)
-
6,152,836
7.21%
Robert Day
5,153,524
25,000
(11,750)
(13,250)
5,153,524
6.04%
Dylan Bogg
1,495,490
17,500
-
-
1,512,990
1.77%
Sue Mullen
1,085,721
10,000
(4,538)
-
1,091,183
1.28%
Fiona Shepherd
1,003,607
25,000
(11,750)
-
1,016,857
1.19%
Giles Lee
766,185
25,000
(11,750)
(13,250)
766,185
0.90%
Peter Fitzwilliam
702,628
12,500
(5,875)
-
709,253
0.83%
James Clifton
190,249
17,500
(8,225)
-
199,524
0.23%
Following the transfer of shares from the EBT to the LTIP awardees, and the subsequent purchase of 189,906 Ordinary Shares by the EBT, a total of 501,745 Ordinary Shares, representing 0.59 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.
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
10,000 shares
77.0p
4,500 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
25,000 shares
77.0p
25,000 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
17,500 shares
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
Disposal of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
10,000 shares
77.0p
4,538 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
25,000 shares
77.0p
11,750 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
25,000 shares
77.0p
25,000 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
Disposal of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
12,500 shares
77.0p
5,875 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
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
17,500 shares
77.0p
8,225 shares (sold)
d)
Aggregated information
- Aggregated volume
- Price
Not Applicable - Single Transaction
e)
Date of the transaction
20 May 2019
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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