Director/PDMR Shareholding

Macfarlane Group PLC
28 March 2024
 

 

28th March 2024

 

 

Macfarlane Group PLC

("Macfarlane" or the "Company")

Director/PDMR Shareholding

On 27th March 2024, Peter Atkinson (Chief Executive), Ivor Gray (Group Finance Director), James Macdonald (Company Secretary) and David Mansfield (Distribution Managing Director) were granted conditional share awards over Macfarlane Group PLC ordinary shares of 25p ("Shares") as set out below, under the terms of the Company's Performance Share Plan ('PSP').

The conditional share award is subject to the achievement of performance conditions and if it vests will be released in accordance with the PSP rules. The award is also subject to an additional holding period of two years from the date on which the award vests.

PDMR Shareholdings and Share Interests

Name

Awards

Vesting Date

Total Options Following Grant

Total number of Shares held in the Company*

Peter Atkinson

337,746

March 2027

1,204,028

1,477,649

Ivor Gray

175,443

March 2027

593,067

287,169

James Macdonald

68,732

March 2027

216,775

30,093

David Mansfield

104,818

March 2027

104,818

0

*including connected persons

The PSP award made by Macfarlane represents awards over shares worth 100% of the Executive Directors' base salaries, as permitted by the Directors' remuneration policy.

The PSP awards made to Mr. Macdonald and Mr. Mansfield represent an award over shares worth 75% of base salary.

The Company makes the following disclosures in accordance with Article 19 of the Market Abuse Regulation ("MAR") relating to certain transactions by persons discharging managerial responsibilities ("PDMR") in the shares of the Company:

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Atkinson

2

 

Reason for the notification

 

a)

Position/status

Chief Executive

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Macfarlane Group PLC

b)

LEI

213800LVRYDERSJAAZ73

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

Conditional awards over ordinary shares of 25p each

 



Identification code

N/A



b)

 

Nature of the transaction

 

Conditional share awards made under the Company's PSP.

c)

Price(s) and volume(s)

Award over 337,746 conditional shares at nil cost under the Company's PSP.

d)

 

Aggregated information




- Aggregated volume

N/A - single transaction



- Price




e)

 

Date of the transaction

 

27th March 2024

f)

 

Place of the transaction

Grant of share awards occurred outside a trading venue.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Ivor Gray

2

 

Reason for the notification

 

a)

Position/status

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

Macfarlane Group PLC

b)

LEI

213800LVRYDERSJAAZ73

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

Conditional awards over ordinary shares of 25p each

 



Identification code

N/A



b)

 

Nature of the transaction

 

Conditional share awards made under the Company's PSP.

c)

Price(s) and volume(s)

Award over 175,443 conditional shares at nil cost under the Company's PSP.

d)

 

Aggregated information




- Aggregated volume

N/A - single transaction



- Price




e)

 

Date of the transaction

 

27th March 2024

f)

 

Place of the transaction

Grant of share awards occurred outside a trading venue.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Macdonald

2

 

Reason for the notification

 

a)

Position/status

Company Secretary

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Macfarlane Group PLC

b)

LEI

213800LVRYDERSJAAZ73

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

Conditional awards over ordinary shares of 25p each

 



Identification code

N/A



b)

 

Nature of the transaction

 

Conditional share awards made under the Company's PSP.

c)

Price(s) and volume(s)

Award over 68,732 conditional shares at nil cost under the Company's PSP.

d)

 

Aggregated information




- Aggregated volume

N/A - single transaction



- Price




e)

 

Date of the transaction

 

27th March 2024

f)

 

Place of the transaction

Grant of share awards occurred outside a trading venue.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Mansfield

2

 

Reason for the notification

 

a)

Position/status

Distribution Managing Director

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Macfarlane Group PLC

b)

LEI

213800LVRYDERSJAAZ73

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

Conditional awards over ordinary shares of 25p each

 



Identification code

N/A



b)

 

Nature of the transaction

 

Conditional share awards made under the Company's PSP.

c)

Price(s) and volume(s)

Award over 104,818 conditional shares at nil cost under the Company's PSP.

d)

 

Aggregated information




- Aggregated volume

N/A - single transaction



- Price




e)

 

Date of the transaction

 

27th March 2024

f)

 

Place of the transaction

Grant of share awards occurred outside a trading venue.

 

 

 

Further enquiries:

Macfarlane Group

Tel: 0141 333 9666


Aleen Gulvanessian      Chair





 

Spreng Thomson



Callum Spreng

Mob: 07803 970103

 

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

Notes to Editors:

·                Macfarlane Group PLC has been listed on the Premium segment of the Main Market of the London Stock Exchange (LSE: MACF) since 1973 with over 70 years' experience in the UK packaging industry.

·                Through its two divisions, Macfarlane Group services a broad range of business customers, supplying them with high quality protective packaging products which help customers reduce supply chain costs, improve operational efficiencies and sustainability and enhance their brand presentation. The divisions are:

o    Packaging Distribution - Macfarlane Packaging Distribution is the leading UK distributor of a comprehensive range of protective packaging products; and

o    Manufacturing Operations - Macfarlane Design and Manufacture is a UK market leader in the design and production of protective packaging for high value and fragile products.

·                Headquartered in Glasgow, Scotland, Macfarlane Group employs over 1,000 people at 40 sites, principally in the UK, as well as in Ireland, Germany and the Netherlands.

·                Macfarlane Group supplies more than 20,000 customers, principally in the UK and Europe.

·                In partnership with 1,700 suppliers, Macfarlane Group distributes and manufactures 600,000+ lines supplying to a wide range of sectors, including: retail e-commerce; consumer goods; food; logistics; mail order; electronics; defence; medical; automotive; and aerospace.

 

 

 

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