REG - Macfarlane Group PLC - Director/PDMR Shareholding

MacfarlaneAnnouncement

26/03/2021 07:00

RNS Number : 5626T
  
Macfarlane Group PLC
  
26 March 2021
  
 

 
26th March 2021
 
Macfarlane Group PLC
Director/PDMR Shareholding
On 26th March 2021, Peter D. Atkinson (Chief Executive), Ivor Gray (Group Finance Director) and James Macdonald (Company Secretary) were granted conditional share awards over Macfarlane Group PLC ordinary shares of 25p as set out below, under the terms of the Company's Performance Share Plan ('PSP').
The conditional share award is subject to the achievement of performance conditions and if it vests will be released in accordance with the PSP rules. The award is also subject to an additional holding period of two years from the date on which the award vests.
Directors' Shareholdings and Share Interests



Name


Awards


Vesting Date


Total Options Following Grant


Beneficial*




Peter D. Atkinson


346,347


March 2024


1,072,142


854,172




Ivor Gray


182,921


March 2024


364,913


66,652




James Macdonald


50,279


March 2024


50,279


2,350



*including connected persons
The PSP awards made by Macfarlane represent awards over shares worth 100% of the Executive Directors' base salaries, as permitted by the Directors' remuneration policy.
The PSP awards made to Mr. Macdonald represent an award over shares worth 50% of base salary.
The forms required under the EU Market Abuse Regulation follow.



1 


Details of the person discharging managerial responsibilities / person closely associated 




a) 


Name 


Peter D. Atkinson




2 
 


Reason for the notification 
 




a) 


Position/status 


Chief Executive




b) 
 


Initial notification /Amendment 


Initial Notification




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 


Conditional awards over ordinary shares of 25p each
 














Identification code 


N/A














b) 
 


Nature of the transaction 
 


Conditional share awards made under the Company's Performance Share Plan.




c) 


Price(s) and volume(s)


Award over 346,347 conditional shares at nil cost under the Company's Performance Share Plan.




d) 
 


Aggregated information 


















- Aggregated volume


N/A - single transaction














- Price


















e) 
 


Date of the transaction 
 


26th March 2021




f) 
 


Place of the transaction 


Grant of share awards occurred outside a trading venue.



 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a) 


Name 


Ivor Gray




2 
 


Reason for the notification 
 




a) 


Position/status 


Group Finance Director




b) 
 


Initial notification /Amendment 


Initial Notification




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 


Conditional awards over ordinary shares of 25p each
 














Identification code 


N/A














b) 
 


Nature of the transaction 
 


Conditional share awards made under the Company's Performance Share Plan.




c) 


Price(s) and volume(s)


Award over 182,921 conditional shares at nil cost under the Company's Performance Share Plan.




d) 
 


Aggregated information 


















- Aggregated volume


N/A - single transaction














- Price


















e) 
 


Date of the transaction 
 


26th March 2021




f) 
 


Place of the transaction 


Grant of share awards occurred outside a trading venue.



 



1 


Details of the person discharging managerial responsibilities / person closely associated 




a) 


Name 


James Macdonald




2 
 


Reason for the notification 
 




a) 


Position/status 


Company Secretary




b) 
 


Initial notification /Amendment 


Initial Notification




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 


Conditional awards over ordinary shares of 25p each
 














Identification code 


N/A














b) 
 


Nature of the transaction 
 


Conditional share awards made under the Company's Performance Share Plan.




c) 


Price(s) and volume(s)


Award over 50,279 conditional shares at nil cost under the Company's Performance Share Plan.




d) 
 


Aggregated information 


















- Aggregated volume


N/A - single transaction














- Price


















e) 
 


Date of the transaction 
 


26th March 2021




f) 
 


Place of the transaction 


Grant of share awards occurred outside a trading venue.



 
 
 
 



Further enquiries:


Macfarlane Group


Tel: 0141 333 9666








Stuart Paterson                                Chairman






















 


Spreng Thomson












Callum Spreng


Mob: 07803 970103



 
Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73
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 high quality protective packaging and labels which help customers reduce supply chain costs, improve their operational efficiencies 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 Labels who design and print high quality self-adhesive and resealable labels, principally for FMCG companies, and Macfarlane Design and Manufacture who design and produce protective packaging for high value and fragile products.


·         Headquartered in Glasgow, Scotland, Macfarlane Group employs over 850 people at 31 sites, principally in the UK, as well as in Ireland, Sweden and the Netherlands.
·         Macfarlane Group supplies more than 20,000 customers in the UK, Europe and the USA.
·         In partnership with 1,700 suppliers, Macfarlane Group distributes and manufactures 600,000+ lines across a wide range of sectors, including: retail e-commerce; consumer goods; food; logistics; mail order; electronics; defence, automotive and aerospace.

 

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