REG - Mpac Group PLC - Director/PDMR Shareholding

MPACAnnouncement

23/05/2025 11:45

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RNS Number : 0090K  Mpac Group PLC  23 May 2025

23 May 2025

 

Mpac Group plc

("Mpac" or the "Company")

 

Grant of Options

 

Director/PDMR Dealing

 

Mpac Group plc, the global packaging and automation solutions Group, announces
that, on 21 May 2025, it awarded a total of 171,548 options to subscribe for
new shares of 25 pence each in the Company ("Ordinary Shares") under the Mpac
Group plc Long Term Incentive Plan ("LTIP") to certain of the Company's
Directors/PDMRs in the amounts set out below (the "LTIP Options"):

 Director/PDMR                            Number of LTIP Options
 Adam Holland, CEO                        119,247
 William Wilkins, Group Finance Director  52,301

 

The LTIP Options are exercisable at the nominal price of £0.25 and have
vesting conditions tied to cumulative Earnings Per Share (EPS) and average
Operating Return On Sales (Operating ROS). Each award will vest based on 70%
of EPS performance and 30% of Operating ROS performance. Cumulative EPS has to
exceed 155p over the performance period to vest in full. Vesting is reduced to
40% on a pro-rata basis if cumulative EPS is 140p over the performance period
and is reduced to nil if below 140p. Average Operating ROS has to exceed 10%
to vest in full. Vesting is reduced to 40% on a pro-rata basis if average
Operating ROS is 9% over the performance period and is reduced to nil if below
9%.

The performance period will be 1 January 2025 to 31 December 2027 and, to the
extent vested, the options will be subject to a two-year holding period
following the vesting of the award. However, shares may be sold to cover any
tax liability arising from exercise during the two year holding period.

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  Options over ordinary shares exercisable at £0.25

     Identification code                                          GB0005991111
 b)  Nature of the transaction                                    Grant of options under the Mpac Group plc Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  n/a        119,247
 d)  Aggregated information                                       N/A

     -      Volume

     -      Price

     -      Total
 e)  Date of the transaction                                      21 May 2025
 f)  Place of the transaction                                     N/A

d)

Aggregated information

-      Volume

-      Price

-      Total

N/A

e)

Date of the transaction

21 May 2025

f)

Place of the transaction

N/A

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         William Wilkins
 2   Reason for the notification
 a)  Position/status                                              Group Finance Director / 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  Options over ordinary shares exercisable at £0.25

     Identification code                                          GB0005991111
 b)  Nature of the transaction                                    Grant of options under the Mpac Group plc Long-Term Incentive Plan
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  n/a        52,301
 d)  Aggregated information                                       N/A

     -      Volume

     -      Price

     -      Total
 e)  Date of the transaction                                      21 May 2025
 f)  Place of the transaction                                     N/A

d)

Aggregated information

-      Volume

-      Price

-      Total

N/A

e)

Date of the transaction

21 May 2025

f)

Place of the transaction

N/A

 

 

 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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