REG - Macfarlane Group PLC - Director/PDMR Shareholding

MacfarlaneAnnouncement

06/09/2023 13:45

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RNS Number : 5978L  Macfarlane Group PLC  06 September 2023

 

 

 

 

 

Macfarlane Group PLC

06 September 2023

 

Macfarlane Group PLC

Notification and public disclosure of transaction by PDMRs

Macfarlane Group PLC (LON: MACF) announces that on 4th September 2023 the
following persons discharging managerial responsibilities ('PDMRs') acquired
ordinary shares of 25 pence each in the Company for nil consideration upon the
maturity of 2nd September 2020 awards under the Company's 2016 Performance
Share Plan ("PSP"), as summarised below, together with details of the
subsequent sale of ordinary shares on 5th September 2023 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

               of dividend equivalent)

 Peter Atkinson  428,794                                                                       192,357                                                             236,437

 Ivor Gray       135,167                                                                       65,011                                                              70,156

In accordance with the terms of the PSP, the number of ordinary 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 PSP acquired for nil
                                                                  consideration.
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)

                                                            1.   Nil     428,794 ordinary shares

                                                                  2.   Nil

                                                                         135,167 ordinary shares
 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price                                                     Nil
 e)  Date of the transaction                                      04 September 2023
 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

04 September 2023

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.   109.55 pence     192,357 ordinary shares

                                                                  2.   109.55 pence     65,011 ordinary shares

 
 d)  Aggregated information

     -  Aggregated volume                                         Not applicable - single transactions

     -  Price
 e)  Date of the transaction                                      05 September 2023
 f)  Place of the transaction                                     London Stock Exchange (XLON)

d)

Aggregated information

-  Aggregated volume

-  Price

 

Not applicable - single transactions

e)

Date of the transaction

05 September 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 Further enquiries:  Macfarlane Group                 Tel: 0141 333 9666
                     Aleen Gulvanessian Chair
                     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 with high quality protective
packaging products which help customers reduce supply chain costs, improve
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
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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