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THE MISSION GROUP PLC Remuneration Information 2021
7962_def-14a_2021-04-19_924a5bd2-8577-477d-9421-91cc03c6938a.html
Remuneration Information
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National Storage Mechanism | Additional information 
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 the 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.
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 | 86.0p | 8,333 |
| Robert Day | 86.0p | 15,555 |
| Dylan Bogg | 86.0p | 17,333 |
| Sue Mullen | 86.0p | 3,333 |
| Fiona Shepherd | 86.0p | 13,333 |
| Giles Lee | 86.0p | 24,000 |
| Peter Fitzwilliam | 86.0p | 8,333 |
| James Clifton | 86.0p | 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 | 86.0p | 8,333 |
| Robert Day | 86.0p | 15,555 |
| Dylan Bogg | 86.0p | 8,147 |
| Sue Mullen | 86.0p | 1,553 |
| Fiona Shepherd | 86.0p | 6,267 |
| Giles Lee | 86.0p | 11,280 |
| Peter Fitzwilliam | 86.0p | 8,333 |
| James Clifton | 86.0p | 8,147 |
d)
Aggregated information
- Aggregated volume
- Price
67,615
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 | Chief 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 |
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