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RNS Number : 9158K
The Mission Marketing Group PLC
22 July 2011
The Mission Marketing Group plc
Issue of LTIP Awards
The Mission Marketing Group plc("themission(R)" 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:
Existing
LTIP New LTIP Total LTIP
Director Options options 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 020 7758 3525
Peter Fitzwilliam, Finance Director www.themission.co.uk
Seymour Pierce Limited
Mark Percy/ Jeremy Porter - Corporate
Finance
David Banks - Corporate Broking 020 7107 8000
themission(R) 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(R) employs 600 staff nationally and is listed on AIM (TMMG).
This information is provided by RNS
The company news service from the London Stock Exchange
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