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RNS Number : 5130L Macfarlane Group PLC 16 May 2022
Macfarlane Group PLC
("Macfarlane" or the "Group")
Issue of shares
Macfarlane announces that, in respect of the planned settlement of awards
shortly maturing under the Company's 2016 Performance Share Plan ("PSP"), it
has issued and allotted, subject to admission to trading ("Admission"),
525,000 new ordinary shares of 25 pence each (the "New Ordinary Shares").
The New Ordinary Shares were subscribed for by the Company's employee benefit
trust.
Application has been made for the New Ordinary Shares to be admitted to
listing on the premium listing segment of the Official List of the Financial
Conduct Authority ("FCA") and to be admitted to trading on the main market for
listed securities of the London Stock Exchange plc and dealings in the New
Ordinary Shares are expected to commence at 8.00 a.m. on 17 May 2022. The New
Ordinary Shares will rank pari-passu with the Company's existing issued
ordinary shares.
Total Voting Rights
Following Admission of the New Ordinary Shares, the total number of ordinary
shares in issue will be 158,337,000. The Company does not hold any ordinary
shares in treasury. This figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.
Further enquiries:
Macfarlane Group Tel: 0141 333 9666
Peter Atkinson - Chief Executive
Ivor Gray - Group Finance Director
Spreng Thomson Mob: 07803 970103
Callum Spreng
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 900 people at 36 sites, principally in the UK, as well as in
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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