THE MISSION GROUP PLC — Director's Dealing 2022

Apr 20, 2022

National Storage Mechanism | Additional information

RNS Number : 7320I

Mission Group PLC (The)

20 April 2022

The Mission Group plc

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

Director Dealing

MISSION (AIM:TMG), the alternative group for ambitious brands, announces that as part of his annual remuneration package, James Clifton, Group Chief Executive, has been issued ordinary shares of 10 pence each ("Ordinary Shares") in the Company to the value of £30,000 ("Remuneration Shares").

The Remuneration Shares were issued at a price of 65.4p per share, being the daily average closing price for the Company's shares for the five days preceding 9 April 2022, the anniversary of his appointment as Group Chief Executive, resulting in a total of 45,872 Ordinary Shares.

The Remuneration Shares give rise to PAYE and NI liabilities and, as such, Mr Clifton has elected to receive such number of Remuneration Shares net-of-tax, being 23,739 Ordinary Shares. 

These Remuneration Shares were transferred to Mr Clifton from The Mission Group Employee Benefit Trust ("EBT") on 19 April 2022.

Following the transfer of the Remuneration Shares, net-of-tax, from the EBT to Mr Clifton, Mr Clifton is interested in 555,834 Ordinary Shares, equal to approximately 0.6% of the issued share capital of the Company.

Following the transfer of shares from the EBT to Mr Clifton, a total of 667,601 Ordinary Shares, representing 0.7% 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:  

James Clifton, Chief Executive Officer Giles Lee, Chief Financial Officer The MISSION Group plc	020 7462 1415
Mark Percy / James Thomas / Fiona Conroy Shore Capital (Nomad and Broker)	020 7408 4090
Kate Hoare / Laura Stewart HOUSTON (Financial PR and Investor Relations)	0204 529 0549

NOTES TO EDITORS

MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing 1,000 people across 29 locations and 3 continents, the Group successfully combines its diverse expertise to produce Work That Counts for our Clients, whatever their ambitions. Creating real standout, sharing real innovation and delivering real business growth for some of the world's biggest brands. www.themission.co.uk

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Clifton

2

Reason for the notification

a)

Position/status

James Clifton	Chief Executive Officer

b)

Initial notification /Amendment

20 April 2022

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)

23,739 Ordinary Shares

65.4p per share

d)

Aggregated information

- Aggregated volume

- Price

23,739

65.4p

e)

Date of the transaction

19 April 2022

f)

Place of the transaction

Off-market

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