Business
Grant of Long-Term Incentive Plan Awards
Grant of Long-Term Incentive Plan Awards.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n \n \n 13 December 2022\n \n \n \n M&C SAATCHI PLC\n \n \n \n \n (the \"Company\")\n \n \n \n \n Director/PDMR Shareholding\n \n \n \n \n Grant of Long-Term Incentive Plan Awards\n \n \n \n The Company announces that on 12 December 2022 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\n Company's Long Term Incentive Plan to the following Executive Director and person discharging managerial responsibilities:\n \n \n \n \n \n \n \n Director/PDMR\n \n \n \n \n \n \n Number of Shares under the Award\n \n \n \n \n \n \n \n Moray MacLennan\n \n \n \n \n 878,022\n \n \n \n \n \n \n The Award will vest on 31 May 2025 sub\n ject to the satisfaction of performance conditions and continued employment as set\n out in the Company's 2021 Directors' Remuneration Report.\n \n \n The Award is additionally subject to a two-year holding period following the vesting date. No consideration was paid for the grant of the Award.\n \n \n \n Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n \n \n \n \n \n \n \n \n 1.\n \n \n \n \n \n \n Details of the persons discharging managerial responsibilities\n \n \n \n \n \n \n \n (a)\n \n \n \n \n \n Name:\n \n \n \n \n \n Moray MacLennan\n \n \n \n \n \n \n \n 2.\n \n \n \n \n \n \n Reason for the clearance request\n \n \n \n \n \n \n \n (a)\n \n \n \n \n \n Position / status:\n \n \n \n \n \n Chief Executive Officer/PDMR\n \n \n \n \n \n \n (b)\n \n \n \n \n \n Initial clearance request / subsequent clearance request:\n \n \n \n \n \n Initial notification\n \n \n \n \n \n \n \n 3.\n \n \n \n \n \n \n Details of the issuer\n \n \n \n \n \n \n \n (a)\n \n \n \n \n \n Name:\n \n \n \n \n \n M&C SAATCHI PLC\n \n \n \n \n \n \n (b)\n \n \n \n \n \n LEI:\n \n \n \n \n \n 213800XBLFQZ1T1KBA87\n \n \n \n \n \n \n \n 4.\n \n \n \n \n \n \n Details of the transaction(s)\n \n \n \n \n \n \n \n (a)\n \n \n \n \n \n Description of the financial instrument, type of instrument:\n \n \n \n \n Identification code:\n \n \n \n \n \n One pence ordinary shares\n \n \n \n \n \n ISIN GB00B01F7T14\n \n \n \n \n \n \n (b)\n \n \n \n \n \n Nature of the transaction\n \n \n \n \n \n Grant of nil cost option awards u...