Last checked at 20 Jul 2012 07:00
The Mission Marketing Group plc
Issue of LTIP Awards
The Mission Marketing Group plc ("the missiontm" or the "Company"), the national marketing communications and advertising group, announces that the Remuneration Committee agreed yesterday to issue nil-cost options under the The Mission Marketing Group plc Long Term Incentive Plan (the "LTIP").
The total number of new LTIP options issued yesterday was 1,450,000, representing 2% of the Company's issued share capital, taking the total number of LTIP options in issue to 4,113,000. LTIP option awards may be satisfied by shares held by The Mission Marketing Group Employee Benefit Trust and/or through the issue of new shares, as appropriate. The vesting of LTIP options is dependent upon achieving profit targets over a three year period.
The following table sets out the details of the LTIP options that have been issued to Directors:
Director | Existing LTIP Options | New LTIP options | Total LTIP options |
Dylan Bogg | 150,000 | 70,000 | 220,000 |
Robert Day | 217,000 | 96,667 | 313,667 |
Peter Fitzwilliam | 50,000 | 40,000 | 90,000 |
Chris Goodwin | 20,000 | 40,000 | 60,000 |
Bruce Hutton | 423,000 | 200,000 | 623,000 |
David Morgan | 50,000 | 40,000 | 90,000 |
Chris Morris | 83,000 | 40,000 | 123,000 |
Sue Mullen | 35,000 | 20,000 | 55,000 |
Fiona Shepherd | 61,000 | 40,000 | 101,000 |
Enquiries:
The Mission Marketing Group plc Peter Fitzwilliam, Finance Director
| 020 3463 2099
|
finnCap Limited Geoff Nash/Henrik Persson (corporate finance) Simon Starr (corporate broking) | 020 7220 0500 |
the missiontm is a national marketing communications and advertising group with 14 offices across the UK. The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include April-Six, Big Communications, Bray Leino, RLA, Robson Brown, Story and ThinkBDW. the missiontm employs over 700 staff nationally and is listed on AIM (TMMG).
www.themission.co.uk