14th Jul 2010 18:31
The Mission Marketing Group plc ("the Group")
Issue of LTIP Awards
The Mission Marketing Group plc announces that the Remuneration Committee and Board have agreed to the issue of nil-cost options under the The Mission Marketing Group plc Long-Term Incentive Plan (the "LTIP").
As part of the increased focus on achieving profitable organic growth, and to align key management within the Group to increasing shareholder value, the LTIP scheme introduced last year to incentivise key managers has been extended to all agencies. In addition, the vesting conditions relating to all past and future awards have been simplified and solely dependent upon achieving profit targets over a three year period.
The total number of new LTIP options issued today is 616,000 taking the total number of LTIP options in issue to 1,476,000. 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 following table sets out the details of the LTIP options that have been issued to Executive Directors:
|
Director |
Existing LTIP options |
New LTIP options |
Total LTIP options |
|
Bruce Hutton |
170,000 |
53,000 |
223,000 |
|
Fiona Shepherd |
- |
21,000 |
21,000 |
|
Robert Day |
- |
60,000 |
60,000 |
|
Sue Mullen |
- |
25,000 |
25,000 |
Enquiries:
|
Stephen Boyd, Non-Executive Director David Morgan, Executive Chairman The Mission Marketing Group plc |
07768 443 195 020 7758 3525 |
|
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|
Charles Palmer/Nicola Biles Financial Dynamics |
020 7831 3113 |
|
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Mark Percy/Jeremy Porter |
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|
Seymour Pierce Limited |
020 7107 8000 |
themission® is a national marketing communications and advertising group with 11 offices across the UK. The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include thinkApril-Six, Bray Leino, Big Communications, Fuse Digital, thinkRLA, Story and thinkBDW. themission® employs 600 staff nationally and is listed on AIM (TMMG).
Related Shares:
The Mission Group