22nd Jul 2011 13:28
The Mission Marketing Group plc
Issue of LTIP Awards
The Mission Marketing Group plc("themission®" or the "Company"), the national marketing communications and advertising group, announces the issue of nil-cost options under The Mission Marketing Group plc Long-Term Incentive Plan ("LTIP").
The total number of new LTIP options issued today is 1,450,000, representing 2% of the Company's issued share capital, taking the total number of LTIP options in issue to 2,782,250. 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 and are otherwise exercisable three years from date of grant for a period of seven years.
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 | 90,000 | 60,000 | 150,000 |
Robert Day | 60,000 | 157,000 | 217,000 |
Peter Fitzwilliam | - | 50,000 | 50,000 |
Chris Goodwin | - | 20,000 | 20,000 |
Bruce Hutton | 223,000 | 200,000 | 423,000 |
David Morgan | - | 50,000 | 50,000 |
Chris Morris | 55,000 | 28,000 | 83,000 |
Fiona Shepherd | 21,000 | 40,000 | 61,000 |
Enquiries:
The Mission Marketing Group plc David Morgan, Executive Chairman Peter Fitzwilliam, Finance Director
| 020 7758 3525 www.themission.co.uk |
Seymour Pierce Limited Mark Percy/ Jeremy Porter - Corporate Finance David Banks - Corporate Broking | 020 7107 8000 |
themission® 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, Fuse Digital, RLA, Robson Brown, Spark, Story and ThinkBDW. themission® employs 600 staff nationally and is listed on AIM (TMMG).
Related Shares:
The Mission Group