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.