REG - Mpac Group PLC - EBT Subscription & Total Voting Rights

MPACAnnouncement

19/05/2022 16:00

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RNS Number : 1593M  Mpac Group PLC  19 May 2022

19 May 2022

 

Mpac Group plc

("Mpac" or the "Company")

 

EBT Subscription & Total Voting Rights

 

Mpac, a global leader in high-speed packaging and automation solutions,
announces that the Company's Employee Benefit Trust has subscribed for 220,276
ordinary shares of 25 pence each in the Company ("Ordinary Shares") at par
value (the "EBT Subscription"). The EBT Subscription will be used to satisfy
vesting of awards under the Company's Long-Term Incentive Plan. The Company
has agreed to loan the EBT £55,069 to pay for the EBT Subscription.

Application has been made to the London Stock Exchange for the 220,276 new
Ordinary Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will become effective and trading will commence at
8.00 a.m. on 24 May 2022. The Ordinary Shares will be issued fully paid and
will, upon issue, rank pari passu in all respects with the Company's existing
Ordinary Shares.

Total Voting Rights

Following Admission, the Company will have 20,391,816 Ordinary Shares in
issue, with voting rights attached. Of these, no Ordinary Shares are held
exclusive of voting rights in treasury. Therefore the total number of voting
rights in the Company will be 20,391,816 and shareholders may use this figure
as the denominator for the calculations by which they will determine if they
are required to notify their interest, or a change to their interest, in the
Company.

 

 

For further information, please contact:

 

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

 Tony Steels, Chief Executive

 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

 

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