REG - Macfarlane Group PLC - Director/PDMR Shareholding
27/03/2023 12:30
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RNS Number : 3417U Macfarlane Group PLC 27 March 2023
27(th) March 2023
Macfarlane Group PLC ("Macfarlane" or the "Company")
Director/PDMR Shareholding
On 24(th) March 2023, 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.
PDMR Shareholdings and Share Interests
Name Awards Vesting Date Total Options Following Grant Beneficial*
Peter D. Atkinson 412,322 March 2026 1,468,294 1,035,047
Ivor Gray 195,798 March 2026 658,910 116,076
James Macdonald 83,908 March 2026 198,323 2,350
*including connected persons
The PSP award made by Macfarlane represents 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 75%
of base salary.
The Company makes the following disclosures in accordance with Article 19 of
the Market Abuse Regulation ("MAR") relating to certain transactions by
persons discharging managerial responsibilities ("PDMR") in the shares of the
Company:
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 PSP.
c) Price(s) and volume(s) Award over 412,322 conditional shares at nil cost under the Company's PSP.
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 24(th) March 2023
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 PSP.
c) Price(s) and volume(s) Award over 195,798 conditional shares at nil cost under the Company's PSP.
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 24(th) March 2023
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 PSP.
c) Price(s) and volume(s) Award over 83,908 conditional shares at nil cost under the Company's PSP.
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 24(th) March 2023
f) Place of the transaction Grant of share awards occurred outside a trading venue.
Further enquiries: Macfarlane Group Tel: 0141 333 9666
Aleen Gulvanessian Chair
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
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 38 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 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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