REG - Macfarlane Group PLC - Director / PDMR Shareholding & EBT share purchase

MacfarlaneAnnouncement

28/03/2024 11:30

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RNS Number : 7278I  Macfarlane Group PLC  28 March 2024

Macfarlane Group PLC

28(th) March 2024

 

Macfarlane Group PLC

("Macfarlane" or the "Company)

Director / PDMR Shareholding

and

EBT share purchase

Macfarlane Group PLC (LON: MACF) announces that on 26(th) March 2024 the
following persons discharging managerial responsibilities ('PDMRs') acquired
ordinary shares of 25 pence each in the Company ("Shares") for nil
consideration upon the maturity of the 26(th) March 2021 awards under the
Company's 2016 Performance Share Plan ("PSP"), together with details of the
subsequent sale of certain Shares automatically arranged on their behalf in
accordance with the terms of the PSP to satisfy related income tax and
national insurance liabilities:

 PDMR             Number of Shares acquired for nil cost (including those added for in respect  Number of Shares sold to satisfy income tax and national insurance  Number of Shares retained post sale  Total number of Shares held in the Company  % held of Company's issued share capital

                of dividend equivalent)

 Peter Atkinson   375,462                                                                       169,297                                                             206,165                              1,477,649                                   0.93%

 Ivor Gray        198,298                                                                       97,361                                                              100,937                              287,169                                     0.18%

 James Macdonald  54,505                                                                        26,762                                                              27,743                               30,093                                      0.02%

In accordance with the terms of the PSP, the number of Shares retained post
sale are subject to a two year holding period.

The Company has been informed that today, the Company's employee benefit trust
(the "EBT") purchased 293,420 Shares at an average price 133.75 pence per
Share to help satisfy any future exercise of share options. As a result, the
EBT now holds 330,068 Shares in the Company which is approximately 0.21% of
the Company's issued share capital.

The information set out below is provided in accordance with the requirements
of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.  Peter Atkinson

                                                                  2.  Ivor Gray

                                                                  3.  James Macdonald
 2   Reason for Notification
 a)  Position/status                                              1. Chief Executive

                                                                  2. Group Finance Director

                                                                  3. Company Secretary
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Macfarlane Group PLC
 b)  LEI                                                          213800LVRYDERSJAAZ73
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 25 pence each in Macfarlane Group PLC

     Identification code                                          GB0005518872
 b)  Nature of the transaction                                    Settlement of conditional award under the Company PSP acquired for nil
                                                                  consideration.
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)

                                                            1.   Nil     375,462 ordinary shares

                                                                  2.   Nil

      198,298 ordinary shares
                                                                  3.   Nil

                                                                         54,505 ordinary shares
 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price                                                     Nil
 e)  Date of the transaction                                      26 March 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

Nil

e)

Date of the transaction

26 March 2024

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.  Peter Atkinson

                                                                  2.  Ivor Gray

                                                                  3.  James Macdonald
 2   Reason for Notification
 a)  Position/status                                              1. Chief Executive

                                                                  2. Group Finance Director

                                                                  3. Company Secretary
 b)  Initial notification/Amendment                               Initial Announcement
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Macfarlane Group PLC
 b)  LEI                                                          213800LVRYDERSJAAZ73
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary shares of 25 pence each in Macfarlane Group PLC

     Identification code                                          GB0005518872
 b)  Nature of the transaction                                    Disposals arranged by the Company's employee benefit trust to cover income tax
                                                                  and national insurance liabilities
 c)  Price(s) and volume(s)                                       Price(s)              Volume(s)

                                                            1.   133.75 pence     169,297 ordinary shares

                                                                  2.   133.75 pence     97,361 ordinary shares

                                                                  3.   133.75 pence     26,762 ordinary shares

 
 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price
 e)  Date of the transaction                                      26 March 2024
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

e)

Date of the transaction

26 March 2024

f)

Place of the transaction

Outside a trading venue

 

 

 Further enquiries:  Macfarlane Group                 Tel: 0141 333 9666
                     Aleen Gulvanessian Chair
                     Peter Atkinson Chief Executive
                     Ivor Gray Finance Director

                     Spreng Thomson
                     Callum Spreng                    Mob: 07803 970103

 

Notes to Editors:

·               Macfarlane Group PLC has been listed on the
Premium segment of the Main Market of the London Stock Exchange (LSE: MACF)
since 1973 with over 70 years' experience in the UK packaging industry.

·               Through its two divisions, Macfarlane Group
services a broad range of business customers, supplying them with high quality
protective packaging products which help customers reduce supply chain costs,
improve operational efficiencies and sustainability and enhance their brand
presentation. The divisions are:

o    Packaging Distribution - Macfarlane Packaging Distribution is the
leading UK distributor of a comprehensive range of protective packaging
products; and

o    Manufacturing Operations - Macfarlane Design and Manufacture is a UK
market leader in the design and production of protective packaging for high
value and fragile products.

·               Headquartered in Glasgow, Scotland, Macfarlane
Group employs over 1,000 people at 40 sites, principally in the UK, as well as
in Ireland, Germany and the Netherlands.

·               Macfarlane Group supplies more than 20,000
customers, principally in the UK and Europe.

·               In partnership with 1,700 suppliers, Macfarlane
Group distributes and manufactures 600,000+ lines supplying to a wide range of
sectors, including: retail e-commerce; consumer goods; food; logistics; mail
order; electronics; defence; medical; automotive; and aerospace.

 

 

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