RNS Number : 1376I
M&C Saatchi PLC
03 August 2023
 

3 August 2023

M&C SAATCHI PLC

(the "Company")

Director/PDMR Shareholding

Grant of Long-Term Incentive Plan Award


The 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:

Director/PDMR

Number of Shares under the Award

Bruce Marson

202,802

The 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.

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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.

Details of the persons discharging managerial responsibilities

(a)

Name:

Bruce Marson

2.

Reason for the clearance request

(a)

Position / status:

Chief Financial Officer/PDMR

(b)

Initial clearance request / subsequent clearance request:

Initial notification

3.

Details of the issuer

(a)

Name:

M&C SAATCHI PLC

(b)

LEI:

213800XBLFQZ1T1KBA87

4.

Details of the transaction(s)

(a)

Description of the financial instrument, type of instrument:

Identification code:

One pence ordinary shares

 

ISIN GB00B01F7T14

(b)

Nature of the transaction

Grant of nil cost option awards under the M&C Saatchi plc Long Term Incentive Plan.

(c)

Price(s) and volume(s)

Price(s)

Volumes(s)

nil

202,802

(d)

Aggregated information

Aggregated volume:

Aggregated price:

 

N/A

(e)

Date of the transaction

2 August 2023

(f)

Place of transaction

Off market

 

For further information please call:

M&C Saatchi plc

                        +44 (0)20-7543-4500

Zillah Byng-Thorne, Chair


Numis Securities (Joint Broker)

+44 (0)20-7260-1000

Nick Westlake, Iqra Amin 


Liberum (Nomad and Joint Broker)

                        +44 (0)20-3100-2000

Max Jones, Benjamin Cryer, Will King


Brunswick

+44 (0)207-404-5959

Andrew Porter, Kate Pope


 

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