Last checked at 3 Aug 2023 07:00
3 August 2023
M&C SAATCHI PLC
(the "Company")
Director/PDMR Shareholding
Grant of Long-Term Incentive Plan Award
The Company announces that on 2 August 2023 the following performance share award (the "Award") over ordinary shares of one pence each in the capital of the Company (the "Shares") were granted under the Company's Long Term Incentive Plan to the following Executive Director and person discharging managerial responsibilities:
Director/PDMR | Number of Shares under the Award |
Bruce Marson | 202,802 |
The Award will vest on 2 August 2026 subject to the satisfaction of performance conditions and continued employment as set out in the Company's 2022 Directors' Remuneration Report.
The Award is additionally subject to a two-year holding period following the vesting date. No consideration was paid for the grant of the Award.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. | Details of the persons discharging managerial responsibilities | ||
(a) | Name: | Bruce Marson | |
2. | Reason for the clearance request | ||
(a) | Position / status: | Chief Financial Officer/PDMR | |
(b) | Initial clearance request / subsequent clearance request: | Initial notification | |
3. | Details of the issuer | ||
(a) | Name: | M&C SAATCHI PLC | |
(b) | LEI: | 213800XBLFQZ1T1KBA87 | |
4. | Details of the transaction(s) | ||
(a) | Description of the financial instrument, type of instrument: Identification code: | One pence ordinary shares
ISIN GB00B01F7T14 | |
(b) | Nature of the transaction | Grant of nil cost option awards under the M&C Saatchi plc Long Term Incentive Plan. | |
(c) | Price(s) and volume(s) | Price(s) | Volumes(s) |
nil | 202,802 | ||
(d) | Aggregated information Aggregated volume: Aggregated price: |
N/A | |
(e) | Date of the transaction | 2 August 2023 | |
(f) | Place of transaction | Off market | |
For further information please call:
M&C Saatchi plc | +44 (0)20-7543-4500 |
Zillah Byng-Thorne, Chair | |
Numis Securities (Joint Broker) | +44 (0)20-7260-1000 |
Nick Westlake, Iqra Amin | |
Liberum (Nomad and Joint Broker) | +44 (0)20-3100-2000 |
Max Jones, Benjamin Cryer, Will King | |
Brunswick | +44 (0)207-404-5959 |
Andrew Porter, Kate Pope |