Last checked at 23 Jul 2015 15:24
The Mission Marketing Group plc
Exercise of LTIPs; Director and EBT Share Dealings
Following the announcement on 16th April 2015 by The Mission Marketing Group plc ("TMMG", "the Company" or "the missiontm"), the marketing communications and advertising group, concerning the vesting of nil-cost options under the TMMG Long Term Incentive Plan (the "LTIP"), the Company announces that it was notified yesterday that a number of Directors yesterday exercised 2012 LTIP options as follows:
Directo | Existing LTIP options | Options exercised | Resulting options |
Dylan Bogg | 117,000 | (17,500) | 99,500 |
Robert Day | 240,834 | (24,167) | 216,667 |
Peter Fitzwilliam | 110,000 | (10,000) | 100,000 |
Chris Goodwin | 82,500 | (10,000) | 72,500 |
Giles Lee | 247,000 | (25,000) | 222,000 |
David Morgan | 110,000 | (10,000) | 100,000 |
Chris Morris | 110,000 | (10,000) | 100,000 |
Sue Mullen | 47,500 | (5,000) | 42,500 |
Fiona Shepherd | 120,000 | (10,000) | 110,000 |
The exercise of LTIP options gives rise to PAYE and NI liabilities and certain Directors and employees sold shares in order to meet their tax liabilities. Shares sold by these individuals, totalling 107,802 ordinary shares of 10 pence each, were bought yesterday by the EBT at a price of 41.5p each.
The following table sets out details of Directors share dealings and resulting interests in the Company's issued share capital:
Directo | Existing interest | LTIP options exercised | Shares sold for tax | Resulting interest | Resulting interest (%) |
Dylan Bogg | 1,469,323 | 17,500 | - | 1,486,823 | 1.78% |
Robert Day | 6,128,560 | 24,167 | (10,802) | 6,141,924 | 7.35% |
Peter Fitzwilliam | 678,198 | 10,000 | - | 688,198 | 0.82% |
Chris Goodwin | 383,104 | 10,000 | (4,200) | 388,904 | 0.47% |
Giles Lee | 736,315 | 25,000 | (11,745) | 749,570 | 0.90% |
David Morgan | 6,133,791 | 10,000 | - | 6,143,791 | 7.35% |
Chris Morris | 1,015,009 | 10,000 | - | 1,025,009 | 1.23% |
Sue Mullen | 1,081,154 | 5,000 | (2,100) | 1,084,054 | 1.30% |
Fiona Shepherd | 1,264,773 | 10,000 | (4,700) | 1,270,073 | 1.52% |
Separately, the Company was notified today that the EBT had acquired a further 18,000 shares at a price of 44.5p each. Following the above transactions, the EBT's interest in the missiontm is 1,010,036 Ordinary Shares, representing approximately 1.2% of the issued share capital of the Company.
Enquiries: | |
The Mission Marketing Group plc | 020 7462 1415 |
Peter Fitzwilliam, Finance Director | |
finnCap Limited | 020 7220 0500 |
Geoff Nash/James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking) |
the missiontm is a network of entrepreneurial marketing communications Agencies employing over 850 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients.
www.themission.co.uk