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Holding(s) in Company

18th Jul 2008 16:20

RNS Number : 4420Z
The Mission Marketing Group PLC
18 July 2008
 



The Mission Marketing Group plc 

Employee Benefit Trust purchase of shares

The Mission Marketing Group plc ('themission`®, AIM: TMMG), the national marketing communications and advertising group, has been notified today that the Hansard Trust Company Ltd ("Trust") as trustee of The Mission Marketing Group Employee Benefit Trust, has today purchased 1,595,094 Ordinary Shares at a price of 81.5 per share.

The 1,595,094 Ordinary Shares held by the Trust will be used to satisfy ordinary shares to be issued under either existing or future share option schemes. These include a new long-term incentive scheme which will be put in place to incentivise a greater number of key managers, particularly those that are eligible for either small or no share in earn-out payments under the terms of acquisition arrangements.

Iain Ferguson, Chief Executive commented "We are very keen to ensure that themission has the right long term incentive schemes in place to align the interests of our rising stars with those of all shareholders. We are looking at a range of options and consistent with this the Employee Benefit Trust has today taken advantage of the current low share price to acquire shares."

 

Following this share purchase, the Trust now has an interest in 1,695,094 Ordinary Shares representing approximately 5.1 per cent. of the issued share capital of the Company.

Enquiries:

Iain Ferguson, Chief Executive

Tim Alderson, Chief Financial Officer

The Mission Marketing Group plc

020 7395 7575

Charles Palmer/Nicola Biles 

Financial Dynamics

020 7831 3113

Mark Percy/Sarah Jacobs

020 7107 8000

Seymour Pierce Limited

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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