13 Dec 2022 07:00
13 December 2022
M&C SAATCHI PLC
(the "Company")
Director/PDMR Shareholding
Grant of Long-Term Incentive Plan Awards
The Company announces that on 12 December 2022 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 |
Moray MacLennan | 878,022 |
The Award will vest on 31 May 2025 subject to the satisfaction of performance conditions and continued employment as set out in the Company's 2021 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: | Moray MacLennan | |
2. | Reason for the clearance request | ||
(a) | Position / status: | Chief Executive 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 | 878,022 | ||
(d) | Aggregated information Aggregated volume: Aggregated price: |
N/A | |
(e) | Date of the transaction | 12 December 2022 | |
(f) | Place of transaction | Off market | |
For further information please call:
M&C Saatchi plc | +44 (0)20-7543-4500 |
Gareth Davis, Chairman | |
Numis Securities (Joint Broker) | +44 (0)20-7260-1000 |
Nick Westlake, Iqra Amin | |
Liberum (Nomad and Joint Broker) | +44 (0)20-3100-2000 |
Neil Patel, Benjamin Cryer, Will King | |
Brunswick | +44 (0)207-404-5959 |
Sumeet Desai, Kate Pope |
M&C Saatchi (SAA)