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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| The Mission Marketing Group Plc | LSE:TMMG | London | Ordinary Share | GB00B11FD453 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 78.50 | 77.00 | 80.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMTMMG
RNS Number : 4855X
The Mission Marketing Group PLC
22 February 2017
The Mission Marketing Group plc
Growth Share Scheme
The Mission Marketing Group plc ('the mission(tm) ' or "the Company", AIM: TMMG), the marketing communications and advertising group, announces the formation of a new management retention and incentive scheme, as communicated in the Company's trading update of 19 January 2017.
The Growth Share Scheme Arrangement (the "Scheme") has been designed to further increase cross-selling incentives between the mission(tm) 's agencies and focus on driving the group forward and increasing shareholder value. The Scheme has been designed to retain and incentivise those key people who it is believed will be crucial to the mission(tm) 's long term ambitions, and only has value to the participants if the share price of the Company increases substantially.
The Scheme
Under the Scheme, individuals are invited to subscribe for shares in The Mission Marketing Holdings Limited ("A Shares"). These shares are subscribed for at a nominal value of 0.01p per A Share and will only have a material value if the Company's share price equals or exceeds 75p for at least 15 days over the next three years* ("Vesting Conditions"). If the Vesting Conditions are met the individuals will be entitled to exchange their A Shares for an equivalent number of Ordinary Shares of 10p each in the Capital of the Company ("Ordinary Shares"). The A Shares have no value if the Vesting Conditions are not met.
To achieve the Vesting Conditions, the share price of the Company needs to increase by 83% from its current level, representing an increase in market capitalisation of approximately GBP29m. Under the Scheme, the A Shares would have an aggregate value at this level of approximately GBP4.3m and would be exchanged for 5,720,176 Ordinary Shares. The total number of Ordinary Shares under the Scheme and under existing options schemes is 8.36m, representing 9.9% of the issued Ordinary Share capital.
In total, 5,720,171 A Shares were subscribed for on 21 February 2017 (the "Award") by a limited number of board members and non-PDMR key managers. The subscription details for board members of the mission(tm) are detailed below.
Hot Features
Premium
Name Position A shares
Dylan Bogg Executive Director 286,009
James Clifton Executive Director 572,017
Robert Day Executive Director 572,017
Peter Fitzwilliam Finance Director 572,017
Non-Executive
Julian Hanson-Smith Director 171,605
Giles Lee Executive Director 572,017
David Morgan Executive Chairman 572,017
Sue Mullen Executive Director 286,009
Mike Rose Executive Director 286,009
Fiona Shepherd Executive Director 572,017
* The Vesting Conditions require the closing market value of the Company to equal or exceed 75p per share over 15 consecutive dealing days at any time between 21 February 2017 and a date 60 days after the day on which the Company's financial results for the year ending 31 December 2019 have been announced. If the Vesting Conditions are not met by this date, the A Shares will lapse and the Company will acquire each participant's aggregate holding for GBP1.
David Morgan, Chairman, commented: "the mission(tm) already has an unrivalled record in retention of its senior management and the Scheme has been designed to retain by reward those key people over the coming years who it is believed will be crucial to its long term ambitions."
Enquiries: The Mission Marketing Group plc 020 7462 1415 David Morgan, Executive Chairman Peter Fitzwilliam, Finance Director finnCap Limited 020 7220 0500 Geoff Nash/James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking)
the mission(tm) is a network of entrepreneurial marketing communications Agencies employing over 950 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients.
www.themission.co.uk
Details of the person discharging managerial
responsibilities / person closely associated
a) Name David Morgan
2. Reason for the Notification
a) Position/status Executive Chairman
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
a) Name The Mission Marketing Group
plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
a) Description of the A Shares in The Mission Marketing
Financial instrument, Holdings Limited, exchangeable
type of instrument into ordinary shares of 10p
each the capital of the Company
upon the satisfaction of performance
criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 572,017 A Shares awarded
d) Aggregated information:
-- Aggregated volume 572,017 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Peter Fitzwilliam
2. Reason for the Notification
a) Position/status Finance Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 572,017 A Shares awarded
d) Aggregated information:
-- Aggregated volume 572,017 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Julian Hanson-Smith
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 171,605 A Shares awarded
d) Aggregated information:
-- Aggregated volume 171,605 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Fiona Shepherd
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 572,017 A Shares awarded
d) Aggregated information:
-- Aggregated volume 572,017 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Robert Day
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 572,017 A Shares awarded
d) Aggregated information:
-- Aggregated volume 572,017 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Giles Lee
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 572,017 A Shares awarded
d) Aggregated information:
-- Aggregated volume 572,017 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name James Clifton
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 572,017 A Shares awarded
d) Aggregated information:
-- Aggregated volume 572,017 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Sue Mullen
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 286,009 A Shares awarded
d) Aggregated information:
-- Aggregated volume 286,009 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Dylan Blogg
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 286,009 A Shares awarded
d) Aggregated information:
-- Aggregated volume 286,009 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely associated
a) Name Mike Rose
2. Reason for the Notification
a) Position/status Executive Director
b) Initial notification/Amendment Initial
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
a) Name The Mission Marketing Group plc
b) LEI 213800L567CF3Z6GPZ03
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
a) Description of the Financial instrument, type of A Shares in The Mission Marketing Holdings Limited,
instrument exchangeable into ordinary shares of 10p
each the capital of the Company upon the satisfaction of
performance criteria
Identification code GB00B11FD453
b) Nature of the transaction Award of Growth Shares
c) Price(s) and volume(s) 286,009 A Shares awarded
d) Aggregated information:
-- Aggregated volume 286,009 A Shares awarded
-- Price
e) Date of the transaction 21 February 2017
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBCGDDGBDBGRB
(END) Dow Jones Newswires
February 22, 2017 02:01 ET (07:01 GMT)
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