REG - Mpac Group PLC - Grant of Options

MPACAnnouncement

09/04/2024 13:15

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RNS Number : 8934J  Mpac Group PLC  09 April 2024

9 April 2024

 

Mpac Group plc

 

(the "Company" or the "Group")

 

Grant of Options

 

Director/PDMR Transaction

 

The Company announces that, on 9 April 2024, it awarded a total of 224,197
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   123,711
 Will Wilkins, Group Finance Director    56,357
 Mike Brown, Regional Director Americas  23,576
 Adam Ward, Regional Director EMEA       20,553

 

A further amount of 79,321 LTIP options were awarded to members of the senior
management team.

 

The LTIP Options have vesting conditions tied to cumulative Earnings Per Share
(EPS) and Operating Return On Sales (ROS), with each award split 70% EPS and
30% ROS. Cumulative EPS has to exceed 150p over the performance period to vest
in full. Vesting is reduced to 40% on a pro-rata basis if cumulative EPS is
125p over the performance period and is reduced to nil if below 125p. Average
ROS has to exceed 10% to vest in full. Vesting is reduced to 40% on a pro-rata
basis if average ROS is 8.8% over the performance period and is reduced to nil
if below 8.8%.

 

The performance period will be 1 January 2024 to 31 December 2026 and, to the
extent vested, the options will be subject to a two-year holding period
following the expiry of the performance period for the Company's
Directors/PDMRs.

 

 

For further information, please contact:

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

 Adam Holland, Chief Executive

   Will Wilkins, Group Finance Director

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

 Advisory

 Patrick Castle

 Iain Sexton

 Broking

 Henry Willcocks

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

 Edward Mansfield

 Will King

 Anake Singh

 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
 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        123,711

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      9 April 2024
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

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        56,357

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      9 April 2024
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

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        23,576

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      9 April 2024
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

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        20,553

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      9 April 2024
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

f)

Place of the transaction

n/a

 

 

 

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