Macfarlane Group PLC Director/PDMR Shareholding (3417U)
March 27 2023 - 6:29AM
UK Regulatory
TIDMMACF
RNS Number : 3417U
Macfarlane Group PLC
27 March 2023
27(th) March 2023
Macfarlane Group PLC ("Macfarlane" or the "Company")
Director/PDMR Shareholding
On 24(th) March 2023, Peter D. Atkinson (Chief Executive), Ivor
Gray (Group Finance Director) and James Macdonald (Company
Secretary) were granted conditional share awards over Macfarlane
Group PLC ordinary shares of 25p 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 Beneficial*
Following Grant
Peter D. Atkinson 412,322 March 2026 1,468,294 1,035,047
-------- ------------- ----------------- ------------
Ivor Gray 195,798 March 2026 658,910 116,076
-------- ------------- ----------------- ------------
James Macdonald 83,908 March 2026 198,323 2,350
-------- ------------- ----------------- ------------
* 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 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:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Peter D. Atkinson
-------------------------- ----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Chief Executive
-------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Macfarlane Group PLC
-------------------------- ----------------------------------------
b) LEI 213800LVRYDERSJAAZ73
-------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
--------------------------------------------------------------------
Description of the Conditional awards over ordinary shares
financial instrument, of 25p each
type of instrument
Identification code N/A
a)
-------------------------- ----------------------------------------
Nature of the transaction Conditional share awards made under the
b) Company's PSP.
-------------------------- ----------------------------------------
Price(s) and volume(s) Award over 412,322 conditional shares
c) at nil cost under the Company's PSP.
-------------------------- ----------------------------------------
Aggregated information
- Aggregated volume N/A - single transaction
- Price
d)
-------------------------- ----------------------------------------
Date of the transaction 24(th) March 2023
e)
-------------------------- ----------------------------------------
Place of the transaction Grant of share awards occurred outside
f) a trading venue.
-------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Ivor Gray
-------------------------- ----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Group Finance Director
-------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Macfarlane Group PLC
-------------------------- ----------------------------------------
b) LEI 213800LVRYDERSJAAZ73
-------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
--------------------------------------------------------------------
Description of the Conditional awards over ordinary shares
financial instrument, of 25p each
type of instrument
Identification code N/A
a)
-------------------------- ----------------------------------------
Nature of the transaction Conditional share awards made under the
b) Company's PSP.
-------------------------- ----------------------------------------
Price(s) and volume(s) Award over 195,798 conditional shares
c) at nil cost under the Company's PSP.
-------------------------- ----------------------------------------
Aggregated information
- Aggregated volume N/A - single transaction
- Price
d)
-------------------------- ----------------------------------------
Date of the transaction 24(th) March 2023
e)
-------------------------- ----------------------------------------
Place of the transaction Grant of share awards occurred outside
f) a trading venue.
-------------------------- ----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name James Macdonald
-------------------------- ----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Company Secretary
-------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Macfarlane Group PLC
-------------------------- ----------------------------------------
b) LEI 213800LVRYDERSJAAZ73
-------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
--------------------------------------------------------------------
Description of the Conditional awards over ordinary shares
financial instrument, of 25p each
type of instrument
Identification code N/A
a)
-------------------------- ----------------------------------------
Nature of the transaction Conditional share awards made under the
b) Company's PSP.
-------------------------- ----------------------------------------
Price(s) and volume(s) Award over 83,908 conditional shares
c) at nil cost under the Company's PSP.
-------------------------- ----------------------------------------
Aggregated information
- Aggregated volume N/A - single transaction
- Price
d)
-------------------------- ----------------------------------------
Date of the transaction 24(th) March 2023
e)
-------------------------- ----------------------------------------
Place of the transaction Grant of share awards occurred outside
f) 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 high quality protective
packaging which help customers reduce supply chain costs, improve
their operational efficiencies 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
who design and produce protective packaging for high value and
fragile products.
-- Headquartered in Glasgow, Scotland, Macfarlane Group employs
over 1,000 people at 38 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 across a wide range of
sectors, including: retail e-commerce; consumer goods; food;
logistics; mail order; electronics; defence, automotive and
aerospace.
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END
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