Director/PDMR Dealing

MPAC

02/05/2025 13:03

RNS Number : 2885H

Mpac Group PLC

02 May 2025

 

2 May 2025

 

Mpac Group plc

("Mpac" or the "Company")

 

Director/PDMR Dealing

 

Mpac Group plc,  the global packaging and automation solutions Group, announces that it has been informed that today Adam Holland, Chief Executive Officer, was awarded 6,548 ordinary shares of 25 pence each ("Ordinary Shares") and William Wilkins, Group Finance Director, was awarded 5,238 Ordinary Shares at a price of 408 pence per Ordinary Share. The Company's Employee Benefit Trust purchased shares from the market to satisfy these awards.

The Remuneration Committee and the Board undertook a review of the incentives provided to the Executive Directors and observed that, especially at the commencement of their tenure, there was limited alignment between the interests of the shareholders and the Executive Directors. In addition, the Remuneration Committee determined that the overall incentive outcome did not adequately reflect the transformation of the Group in 2024. For these reasons, the Remuneration Committee, with the agreement of the Board, recommended that the awards be made.

 

These shares will be required to be held for a period of two years.

 

Mr Holland's shareholding following this transaction is 24,228 Ordinary Shares, representing c.0.08% of the Company's issued share capital.

 

Mr Wilkins's shareholding following this transaction is 96,432 Ordinary Shares, representing c.0.32% of the Company's issued share capital.

 

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of a transaction by a person discharging managerial responsibilities ("PDMR").

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Adam Holland
2
Reason for the notification
a)
Position/status
Chief Executive Officer / PDMR
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Mpac Group plc
b)
LEI
213800J3KUDYLRHHU562
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
Identification code
Ordinary Shares of 25p each ("Ordinary Shares")
GB0005991111
b)
Nature of the transaction
Exceptional award of Ordinary Shares
c)
Price(s) and volume(s)
6,548 Ordinary Shares
408 pence
d)
Aggregated information
- Volume
- Price
- Total
N/A
e)
Date of the transaction
2 May 2025
f)
Place of the transaction
Outside a trading venue

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
William Wilkins
2
Reason for the notification
a)
Position/status
Chief Financial Officer / PDMR
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Mpac Group plc
b)
LEI
213800J3KUDYLRHHU562
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
Identification code
Ordinary Shares of 25p each ("Ordinary Shares")
GB0005991111
b)
Nature of the transaction
Exceptional award of Ordinary Shares
c)
Price(s) and volume(s)
5,238 Ordinary Shares
408 pence
d)
Aggregated information
- Volume
- Price
- Total
N/A
e)
Date of the transaction
2 May 2025
f)
Place of the transaction
Outside a trading venue

 

 

For further information please contact:
Mpac Group plc
Adam Holland, Chief Executive Officer
Will Wilkins, Chief Financial Officer
Tel: +44 (0)24 7642 1100
Shore Capital(Nomad and Joint Broker)
Advisory
Patrick Castle
Sophie Collins
Broking
Henry Willcocks
Tel: +44 (0)20 7408 4050
Panmure Liberum(Joint Broker)
Edward Mansfield
Will King
Freddie Wooding
Tel: +44 (0)20 3100 2000
Hudson Sandler (Financial PR)
Nick Lyon
Nick Moore
Francesca Rosser
Tel: +44 (0) 20 7796 4133

 

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