REG - Mpac Group PLC - Director/PDMR Dealing

MPACAnnouncement

Yesterday 13:15

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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  Ordinary Shares of 25p each ("Ordinary Shares")

     Identification code                                          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                                       N/A

     -      Volume

     -      Price

     -      Total
 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  Ordinary Shares of 25p each ("Ordinary Shares")

     Identification code                                          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                                       N/A

     -      Volume

     -      Price

     -      Total
 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                           Tel: +44 (0)24 7642 1100

 Adam Holland, Chief Executive Officer

 Will Wilkins, Chief Financial Officer

 Shore Capital (Nomad and Joint Broker)   Tel: +44 (0)20 7408 4050

 Advisory

 Patrick Castle

 Sophie Collins

 Broking

 Henry Willcocks

 Panmure Liberum (Joint Broker)           Tel: +44 (0)20 3100 2000

 Edward Mansfield

 Will King

 Freddie Wooding

 Hudson Sandler (Financial PR)

 Nick Lyon                                Tel: +44 (0) 20 7796 4133

 Nick Moore

 Francesca Rosser

 

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