M&C Saatchi PLC Grant of Long-Term Incentive Plan Award (1376I)

TIDMSAA

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 sub ject 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                    Initial notification 
         request / subsequent 
         clearance request: 
       -----------------------------------  -------------------------------------------- 
 3.     Details of the issuer 
       --------------------------------------------------------------------------------- 
 (a)    Name:                                M&C SAATCHI PLC 
       -----------------------------------  -------------------------------------------- 
 (b)    LEI:                                 213800XBLFQZ1T1KBA87 
       -----------------------------------  -------------------------------------------- 
 4.     Details of the transaction(s) 
       --------------------------------------------------------------------------------- 
 (a)    Description                          One pence ordinary shares 
         of the financial 
         instrument, type                     ISIN GB00B01F7T14 
         of instrument: 
         Identification 
         code: 
       -----------------------------------  -------------------------------------------- 
 (b)    Nature of the                        Grant of nil cost option awards under 
         transaction                          the M&C Saatchi plc Long Term Incentive 
                                              Plan. 
       -----------------------------------  -------------------------------------------- 
 (c)    Price(s) and                         Price(s)              Volumes(s) 
         volume(s) 
       -----------------------------------  --------------------  ---------------------- 
   nil                                                             202,802 
  --------------------------------------------------------------  ---------------------- 
 (d)    Aggregated information 
         Aggregated volume:                    N/A 
         Aggregated price: 
       -----------------------------------  -------------------------------------------- 
 (e)    Date of the                          2 August 2023 
         transaction 
       -----------------------------------  -------------------------------------------- 
 (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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August 03, 2023 02:00 ET (06:00 GMT)

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