REG - Mpac Group PLC - Director/PDMR Transaction

MPACAnnouncement

02/05/2023 16:45

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RNS Number : 1711Y  Mpac Group PLC  02 May 2023

2 May 2023

 

Mpac Group plc

 

(the "Company" or the "Group")

 

Grant of Options

 

Director/PDMR Transaction

 

The Company announces that, on 2 May 2023, it awarded a total of 384,247
options to subscribe for new ordinary shares in the Company under the Mpac
Group plc Long Term Incentive Plan ("LTIP") 2019 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, Chief Executive Officer designate  192,124
 Will Wilkins, Group Finance Director             76,849
 Mike Brown, Regional Director Americas           57,637
 Adam Ward, Regional Director EMEA                57,637

 

 

The LTIP Options have vesting conditions tied to cumulative Earnings Per Share
(EPS) and average Return On Capital Employed (ROCE), with each award split
equally between the two performance conditions. Cumulative EPS has to exceed
140p over the performance period to vest in full. Vesting is reduced to 20% on
a pro-rata basis if cumulative EPS is 110p over the performance period and is
reduced to nil if below 110p. Average ROCE has to exceed 40% to vest in full.
Vesting is reduced to 20% on a pro-rata basis if average ROCE is 30% over the
performance period and is reduced to nil if below 30%.

 

The performance period will be 1 January 2023 to 31 December 2025 and, to the
extent vested, the options will be subject to a two-year holding period
following the expiry of the performance period.

 

 

For further information, please contact:

 Mpac Group plc                                  Tel: +44(0)24 7642 1100

 Adam Holland, Chief Executive designate

 Will Wilkins, Group Finance Director

 Shore Capital (Nominated Adviser & Broker)      Tel: +44(0)20 7408 4050

 Advisory

 Patrick Castle

 Iain Sexton

 Broking

 Henry Willcocks

 Hudson Sandler                                  Tel: +44(0)20 7796 4133

 Nick Lyon / Nick Moore

 

 

The Company makes the following disclosures in accordance with article 19(3)
of the Market Abuse Regulation:

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Adam Holland
 2    Reason for the notification
 a)   Position/status                                              PDMR - Chief Executive Officer designate
 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 for 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        192,124

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      2 May 2023
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

2 May 2023

f)

Place of the transaction

n/a

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Will Wilkins
 2    Reason for the notification
 a)   Position/status                                              PDMR - Group Finance Director
 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 for 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        76,849

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      2 May 2023
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

2 May 2023

f)

Place of the transaction

n/a

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Mike Brown
 2    Reason for the notification
 a)   Position/status                                              PDMR - Regional Director Americas
 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 for 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        57,637

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      2 May 2023
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

2 May 2023

f)

Place of the transaction

n/a

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Adam Ward
 2    Reason for the notification
 a)   Position/status                                              PDMR - Regional Director EMEA
 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 for 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        57,637

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      2 May 2023
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

2 May 2023

f)

Place of the transaction

n/a

 

 

 

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