Business
Grant of Long-Term Incentive Plan Award
Grant of Long-Term Incentive Plan Award.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n\n3 August 2023\nM&C SAATCHI PLC\n(the \"Company\")\nDirector/PDMR Shareholding\nGrant of Long-Term Incentive Plan Award\n\nThe Company announces that on 2 August 2023 the following performance share award (the \"Award\") over ordinary shares of one pence each in the capital of the Company (the \"Shares\") were granted under the Company's Long Term Incentive Plan to the following Executive Director and person discharging managerial responsibilities:\n\n\n\n\nDirector/PDMR\n\n\nNumber of Shares under the Award\n\n\n\n\nBruce Marson\n\n\n202,802\n\n\n\n\nThe Award will vest on 2 August 2026 subject to the satisfaction of performance conditions and continued employment as set out in the Company's 2022 Directors' Remuneration Report.\nThe Award is additionally subject to a two-year holding period following the vesting date. No consideration was paid for the grant of the Award.\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n\n\n\n\n1.\n\n\nDetails of the persons discharging managerial responsibilities\n\n\n\n\n(a)\n\n\nName:\n\n\nBruce Marson\n\n\n\n\n2.\n\n\nReason for the clearance request\n\n\n\n\n(a)\n\n\nPosition / status:\n\n\nChief Financial Officer/PDMR\n\n\n\n\n(b)\n\n\nInitial clearance request / subsequent clearance request:\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer\n\n\n\n\n(a)\n\n\nName:\n\n\nM&C SAATCHI PLC\n\n\n\n\n(b)\n\n\nLEI:\n\n\n213800XBLFQZ1T1KBA87\n\n\n\n\n4.\n\n\nDetails of the transaction(s)\n\n\n\n\n(a)\n\n\nDescription of the financial instrument, type of instrument:\nIdentification code:\n\n\nOne pence ordinary shares\n \nISIN GB00B01F7T14\n\n\n\n\n(b)\n\n\nNature of the transaction\n\n\nGrant of nil cost option awards under the M&C Saatchi plc Long Term Incentive Plan.\n\n\n\n\n(c)\n\n\nPrice(s) and volume(s)\n\n\nPrice(s)\n\n\nVolumes(s)\n\n\n\n\nnil\n\n\n202,802\n\n\n\n\n(d)\n\n\nAggregated information\nAggregated volume:\nAggregated price:\n\n\n \nN/A\n\n\n\n\n(e)\n\n\nDate of the transaction\n\n\n2 August 2023\n\n\n\n\n(f)\n\n\nPlace of transaction\n\n\nOff market\n\n\n\n\n \nFor further information please call:\n\n\n\n\nM&C Saatchi plc\n\n\n &n...