24th Jul 2009 12:33
The Mission Marketing Group plc ("the Company")
Issue of LTIP Options and Directors Dealing
24 July 2009
The Mission Marketing Group plc announces that on 23 July 2009, the Remuneration Committee and Board agreed to the issue of options under the rules of the "The Mission Marketing Group plc Long-Term Incentive Plan" (the "LTIP").
The Board considers it a priority to incentivise succession management teams after completion of their agencies' earnout periods, and to align these incentives with the long term interest of shareholders. The new LTIP option awards are over the shares already purchased by The Mission Marketing Group Employee Benefit Scheme ("EBT").
The total number of new LTIP options being issued today is 1,250,000 taking the total number of LTIP options in issue to 1,626,542. The new LTIP Awards have been granted with a combination of Group and Agency performance targets.
The following table sets out the details of the LTIP options that have been issued to Directors:
|
Date of Grant |
Name |
Number of LTIP Options |
|
24 July 2009 |
Iain Ferguson |
200,000 |
|
24 July 2009 |
Tim Alderson |
75,000 |
The Company was also informed on 24 July 2009 that Mrs Louise Ferguson, wife of Iain Ferguson, CEO, transferred 20,833 shares to her self-invested personal pension plan on 24 July 2009 at a price of 32.5p per share.
Following the transfer Mr Ferguson's beneficial interest remains unchanged at 130,458 ordinary shares representing approximately 0.33 per cent. of the issued share capital of themission.
The Company was also informed on 24 July 2009 that Tim Alderson, Chief Financial Officer, transferred 47,958 shares to his self-invested personal pension plan on 24 July 2009 at a price of 32.5p per share.
Following the transfer Mr Alderson's beneficial interest remains unchanged at 226,458 ordinary shares representing approximately 0.57 per cent. of the issued share capital of themission.
Enquiries:
|
Iain Ferguson, Chief Executive The Mission Marketing Group plc |
020 7395 7575 |
|
Tim Alderson, Chief Financial Officer The Mission Marketing Group plc |
020 7395 7572 |
|
Charles Palmer/Nicola Biles Financial Dynamics |
020 7831 3113 |
|
Mark Percy/Sarah Jacobs Seymour Pierce Limited |
020 7107 8000 |
www.themission.co.uk
themission® is a national marketing communications and advertising group with 12 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, Bray Leino, Big Communications, Fuse Digital, thinkBDW, Story UK and RLA. themission® employs 600 staff nationally and is listed on AIM (TMMG).
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The Mission Group