Director/PDMR Shareholding

RNS Number : 9529V

Mission Group PLC (The)

19 April 2021

 

 

The Mission Group plc

("MISSION" "The Company" or "The Group")  

Vesting of LTIP awards, Director/PDMR dealing and

EBT share dealing

MISSION (AIM:TMG), the alternative group for ambitious brands, announces that, having vested, a total of 139,771 nil-cost options, granted under the Group's Long Term Incentive Plan ("LTIP") in 2015, were exercised by certain of the Directors and employees of the Company on 16 April 2021. Accordingly, 139,771 ordinary shares of 10 pence each ("Ordinary Shares") in the Company were transferred from The Mission Group Employee Benefit Trust ("EBT") to the LTIP awardees on 16 April 2021.

In addition, as part of his annual remuneration package, James Clifton, Group Chief Executive, has been issued Ordinary Shares to the value of £25,000 ("Remuneration Shares"). The Remuneration Shares were issued at a price of 80.9p per share, being the daily average closing price for the Company's shares for the five days preceding 9 April 2021, the anniversary of his appointment as Group Chief Executive, giving a total award of 30,902 Ordinary Shares. The Remuneration Shares give rise to PAYE and NI liabilities and, as such, Mr Clifton elected to receive such number of Remuneration Shares net-of-tax, being 16,378 Ordinary Shares. These shares were transferred to Mr Clifton from the EBT on 16 April 2021, increasing his interest in the Company to 522,909 shares, representing 0.6% of the Company's issued share capital.

The exercise of LTIP options also gives rise to PAYE and NI liabilities and, as such, certain Directors and employees sold, in aggregate, 59,737 Ordinary shares at a price of 86.0p each on 16 April 2021 to meet their tax liabilities. All of these Ordinary Shares were bought by t he EBT at a price of 86.0p each on 16 April 2021. In addition. David Morgan, Robert Day and Peter Fitzwilliam, Directors of the Company, and certain other employees sold, in aggregate, a further 28,682 Ordinary Shares at a price of 86.0p each on 16 April 2021 and the EBT bought all these Ordinary Shares at a price of 86.0p each on 16 April 2021.

The following table sets out details of the Directors' share dealings and resulting interests in the Company's issued share capital:

Director	Existing interest	LTIP options exercised	Shares sold to EBT to satisfy tax liabilities	Shares sold to EBT	Resulting interest	Resulting interest (%)
David Morgan	6,439,303	8,333	(3,750)	(4,583)	6,439,303	7.1%
Robert Day	5,439,533	15,555	(7,311)	(8,244)	5,439,533	6.0%
Dylan Bogg	1,698,999	17,333	(8,147)	-	1,708,185	1.9%
Sue Mullen	1,234,188	3,333	(1,553)	-	1,235,968	1.4%
Fiona Shepherd	1,302,866	13,333	(6,267)	-	1,309,932	1.4%
Giles Lee	1,058,033	24,000	(11,280)	-	1,070,753	1.2%
Peter Fitzwilliam	1,033,067	8,333	(3,917)	(4,416)	1,033,067	1.1%
James Clifton	522,909	17,333	(8,147)	-	532,095	0.6%

Following the transfer of shares from the EBT to James Clifton and the LTIP awardees, a total of 820,685 Ordinary Shares, representing 0.9 percent of the Company's total voting rights, are held in the EBT.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014. The notification below provides further detail.

Enquiries:  

David Morgan, Chairman James Clifton, Chief Executive Peter Fitzwilliam, Chief Financial Officer The MISSION Group plc	020 7462 1415
Mark Percy / James Thomas / Sarah Mather (Corporate Advisory)
Shore Capital (Nomad and Broker)	020 7408 4090
Kate Hoare / Laura Stewart	0204 529 0549
HOUSTON (Financial PR and Investor Relations)

MISSION   is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit.    Employing 1,000 people across 27 locations and 3 continents, the Group successfully combines its diverse expertise to bring about commercially effective solutions for some of the world's biggest Clients. 

www.themission.co.uk

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Morgan Robert Day Dylan Bogg Sue Mullen Fiona Shepherd Giles Lee Peter Fitzwilliam James Clifton
2	Reason for the notification
a)	Position/status	David Morgan Chairman Robert Day Deputy Chairman Dylan Bogg Executive Director Sue Mullen Executive Director Fiona Shepherd Executive Director Giles Lee Commercial Director Peter Fitzwilliam Chief Financial Officer James Clifton Chief Executive Officer
b)	Initial notification /Amendment	19 April 2021
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Mission 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 instrument Identification code	Ordinary shares of 10 pence each GB00B11FD453
b)	Nature of the transaction	Exercise of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) David Morgan 8 6.0 p 8,333 Robert Day 8 6.0 p 15,555 Dylan Bogg 8 6.0 p 17,333 Sue Mullen 8 6.0 p 3,333 Fiona Shepherd 8 6.0 p 13,333 Giles Lee 8 6.0 p 24,000 Peter Fitzwilliam 8 6.0 p 8,333 James Clifton 8 6.0 p 17,333
d)	Aggregated information - Aggregated volume - Price	107,553 86.0p
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Morgan Robert Day Dylan Bogg Sue Mullen Fiona Shepherd Giles Lee Peter Fitzwilliam James Clifton
2	Reason for the notification
a)	Position/status	David Morgan Chairman Robert Day Deputy Chairman Dylan Bogg Executive Director Sue Mullen Executive Director Fiona Shepherd Executive Director Giles Lee Commercial Director Peter Fitzwilliam Chief Financial Officer James Clifton Chief Executive Officer
b)	Initial notification /Amendment	19 April 2021
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Mission 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 instrument Identification code	Ordinary shares of 10 pence each GB00B11FD453
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) David Morgan 8 6.0 p 8,333 Robert Day 8 6.0 p 15,555 Dylan Bogg 8 6.0 p 8,147 Sue Mullen 8 6.0 p 1,553 Fiona Shepherd 8 6.0 p 6,267 Giles Lee 8 6.0 p 11,280 Peter Fitzwilliam 8 6.0 p 8,333 James Clifton 8 6.0 p 8,147
d)	Aggregated information - Aggregated volume - Price	6 7 ,6 15 86.0p
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	Off-market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Clifton
2	Reason for the notification
a)	Position/status	C hief Executive
b)	Initial notification /Amendment	19 April 2021
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Mission 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 instrument Identification code	Ordinary shares of 10 pence each GB00B11FD453
b)	Nature of the transaction	Shares issued as part of remuneration package
c)	Price(s) and volume(s)	16,378 Ordinary Shares 80.9p per share
d)	Aggregated information - Aggregated volume - Price	16,378 80.9p
e)	Date of the transaction	16 April 2021
f)	Place of the transaction	Off-market

 

END

 

 

DSHSFEFWUEFSESL