REG - Macfarlane Group PLC - Director/PDMR Shareholding
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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