REG - Mpac Group PLC - Director/PDMR Dealing

MPACAnnouncement

10/09/2020 15:40

RNS Number : 6634Y
  
Mpac Group PLC
  
10 September 2020
  
 

10 September 2020
 
Mpac Group plc
("Mpac" or the "Company")
Director/PDMR Dealing
 
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.




1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Tony Steels - Chief Executive




2


Reason for the notification




a)


Position/status


See 1(a) above - Dr Steels is classified as a PDMR of the Company




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


Transfer of Ordinary shares to Dr Steels by the Mpac Group plc Employee Trust ("Trust") upon exercise of a conditional grant over Ordinary Shares awarded on 8 June 2017 under the Mpac Group plc Deferred Share Plan.
Subsequent sale by Dr Steels of Ordinary Shares back to the Trust to cover the tax liability arising on exercise.




c)


Price(s) and volume(s)


(a)  In respect of the transfer to Dr Steels:
Volume(s): 113,800 Ordinary Shares
Price: £nil
(b)  In respect of the sale by Dr Steels:
Volume(s): 53,486 Ordinary Shares
Price: 280.0 pence per Ordinary Share




d)


Aggregated information
-      Volume
 
-      Price
 
-      Total


N/A




e)


Date of the transaction


9 September 2020




f)


Place of the transaction


Outside a trading venue




 
Dr Steels shareholding following this transaction is now 78,964 Ordinary Shares, representing 0.39% of the Company's issued share capital.
For further information, please contact:
Mpac Group plc                                                                                         Tel: +44 (0) 2476 421100
Duncan Tyler, Company Secretary
 
Shore Capital (Nominated Advisor & Broker)                                       Tel: +44 (0)20 7468 7923
Patrick Castle
Edward Mansfield
Sarah Mather
 
Hudson Sandler                                                                                          Tel: +44 (0) 20 7796 4133
Nick Lyon
Nick Moore

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