The scheme shares vested on 31 December 2012 and are now worth over £1.8 million to each director – or £7.3 million in total.
The report says that M&C Saatchi’s share price has enjoyed an almost continuous rise from its nadir of 26.5p in February 2009 to the 205p at which stands this week. The price rise since these particular share awards were initiated in October 2010 has been almost 100%. “So there may be lots of other M&C Saatchi shareholders with good reason to smile too”, the report’s editor Bob Willott said.
Further information from:
Robert Willott (editor), Marketing Services Financial Intelligence.
Tel: 01386 700361. Mobile 07887 943697. Email: