REG - Mpac Group PLC - Grant of Options

MPACAnnouncement

10/06/2022 16:15

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RNS Number : 5308O  Mpac Group PLC  10 June 2022

10 June 2022

 

Mpac Group plc

 

(the "Company" or the "Group")

 

Grant of Options

 

Director/PDMR Transaction

 

The Company announces that, on 10 June 2022, it awarded a total of 187,740
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
 Tony Steels, Chief Executive Officer    96,552
 Will Wilkins, Group Finance Director    37,548
 Mike Brown, Regional Director Americas  26,820
 Adam Ward, Regional Director EMEA       26,820

 

 

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
Return On Capital Employed (ROCE), with each award split equally between the
two performance conditions. Cumulative EPS has to exceed 180p over the
performance period to vest in full. Vesting is reduced to 20% on a pro-rata
basis if cumulative EPS is 140p over the performance period and is reduced to
nil if below 140p. 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 2022 to 31 December 2024 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

 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

 

 

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                                                         Tony Steels
 2    Reason for the notification
 a)   Position/status                                              PDMR - Chief Executive Officer
 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        96,552

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      10 June 2022
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

10 June 2022

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        37,548

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      10 June 2022
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

10 June 2022

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        26,820

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      10 June 2022
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

10 June 2022

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        26,820

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      10 June 2022
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

10 June 2022

f)

Place of the transaction

n/a

 

 

 

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