Business
Director Dealing and Issue of Consideration Shares
Director Dealing and Issue of Consideration Shares.
About this update from Mission Group Public Limited Company
[{"type":"text","content":"\n \n \n RNS Number : 5467M\n Mission Group PLC (The)\n 11 May 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The Mission Group plc\n \n \n \n (\"MISSION\" \"The Company\" or \"The Group\")\n \n \n \n \n \n \n \n Director Dealing and Issue of Consideration Shares \n \n \n \n \n \n \n \n MISSION\n \n (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 £25,000 (\"Remuneration Shares\"). \n \n \n \n \n \n The Remuneration Shares were issued at a price of 63.1p per share, being the daily average closing price for the Company's shares for the five days preceding 9th April 2020, the anniversary of his appointment as Group Chief Executive, giving a total award of 39,620 Ordinary Shares. \n \n \n \n \n \n The Group also announces that Peter Fitzwilliam, Chief Financial Officer, who elected to receive a performance reward granted in 2019 in shares rather than cash, with receipt of the shares deferred until 2020 subject to continued employment, notified MISSION on 7 May of his intention to trigger receipt of the Ordinary Shares. The award was for 65,000 Ordinary Shares (\"Bonus Shares\"). \n \n \n \n \n \n The Remuneration Shares and Bonus Shares give rise to PAYE and NI liabilities and, as such, Mr Clifton and Mr Fitzwilliam both elected to receive such number of Remuneration Shares and Bonus Shares net-of-tax, being 20,998 Ordinary Shares and 34,450 Ordinary Shares respectively. \n \n \n \n \n \n These Remuneration Shares and Bonus Shares were transferred to Mr Clifton and Mr Fitzwilliam respectively from The Mission Group Employee Benefit Trust (\"EBT\") on 7 May 2020. \n \n \n \n \n \n Following the transfer of the Remuneration Shares, net-of-tax, from the EBT to Mr Clifton and Mr Fitzwilliam, Mr Clifton is interested in 792,539 Ordinary Shares, equal to approximately 0.9% of the issued share capital of the Company and Mr Fitzwilliam is interested in 1,318,676 Ordinary Shares, equal to approximately 1.4% of the issued share capital of the Company. \n \n \n \n \n \n Following the transfer of shares from the EBT to Mr Clifton, a total of...