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REG - Macfarlane Group PLC - Director/PDMR Shareholding

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RNS Number : 0143M  Macfarlane Group PLC  19 May 2022
19 May 2022

 

Macfarlane Group PLC

Notification and public disclosure of transaction by PDMR

Macfarlane Group PLC (LON: MACF) announces that on 17 May 2022 the following
persons discharging managerial responsibilities ('PDMRs') acquired ordinary
shares of 25 pence each in the Company for nil consideration upon the maturity
of 17 May 2019 awards under the Company's 2016 Performance Share Plan ("PSP")
as summarised below together with details of the subsequent sales on 18 May
2022 automatically arranged on their behalf in accordance with the terms of
the PSP to satisfy related 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

               of dividend equivalent)

 Peter Atkinson  349,517                                                                       168,642                                                             180,875

 Ivor Gray       60,630                                                                        29,860                                                              30,770

In accordance with the terms of the awards the number of shares retained post
sale are subject to a two year holding period.

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

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

                                                                  2. Group Finance Director

 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 acquired for nil
                                                                  consideration.
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)

                                                            1.   Nil     1.        349,517 ordinary shares

                                                                  2.   Nil

                                                                         2.        60,630 ordinary shares

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price                                                     Nil
 e)  Date of the transaction                                      17 May 2022
 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

17 May 2022

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

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

                                                                  2. Group Finance Director

 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.   1.17625                          1.        168,642

2.                                   2.        29,860

2.    .    1.17625

 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price
 e)  Date of the transaction                                      18 May 2022
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

e)

Date of the transaction

18 May 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

 Further enquiries:  Macfarlane Group                 Tel: 0141 333 9666
                     Stuart Paterson Chairman
                     Peter Atkinson Chief Executive
                     Ivor Gray Finance Director

                     Spreng Thomson                   Tel: 0141 548 5191
                     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 high quality protective packaging
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 Design and Manufacture who design
and produce protective packaging for high value and fragile products.

·       Headquartered in Glasgow, Scotland, Macfarlane Group employs
over 1,000 people at 37 sites, principally in the UK, as well as in Germany,
Ireland 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 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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