REG - Macfarlane Group PLC - Director/PDMR Shareholding

MacfarlaneAnnouncement

28/03/2024 14:30

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RNS Number : 7697I  Macfarlane Group PLC  28 March 2024

 

28(th) March 2024

 

 

Macfarlane Group PLC

("Macfarlane" or the "Company")

Director/PDMR Shareholding

On 27(th) March 2024, Peter Atkinson (Chief Executive), Ivor Gray (Group
Finance Director), James Macdonald (Company Secretary) and David Mansfield
(Distribution Managing Director) were granted conditional share awards over
Macfarlane Group PLC ordinary shares of 25p ("Shares") 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  Total number of Shares held in the Company*
 Peter Atkinson   337,746  March 2027    1,204,028                      1,477,649
 Ivor Gray        175,443  March 2027    593,067                        287,169
 James Macdonald  68,732   March 2027    216,775                        30,093
 David Mansfield  104,818  March 2027    104,818                        0

*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 and Mr. Mansfield 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 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 337,746 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                                      27(th) March 2024

 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 175,443 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                                      27(th) March 2024

 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 68,732 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                                      27(th) March 2024

 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                                                         David Mansfield
 2    Reason for the notification

 a)   Position/status                                              Distribution Managing 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 104,818 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                                      27(th) March 2024

 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 with high quality
protective packaging products which help customers reduce supply chain costs,
improve operational efficiencies and sustainability 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 is a UK
market leader in the design and production of protective packaging for high
value and fragile products.

·                Headquartered in Glasgow, Scotland,
Macfarlane Group employs over 1,000 people at 40 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 supplying to a
wide range of sectors, including: retail e-commerce; consumer goods; food;
logistics; mail order; electronics; defence; medical; automotive; and
aerospace.

 

 

 

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