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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Macfarlane Group Plc | LSE:MACF | London | Ordinary Share | GB0005518872 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.50 | -0.35% | 143.50 | 142.50 | 146.00 | 146.50 | 143.50 | 143.50 | 211,585 | 16:35:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 280.71M | 14.97M | 0.0942 | 15.50 | 232.07M |
From Apr 2019 to Apr 2024
TIDMMACF
RNS Number : 8456X
Macfarlane Group PLC
02 September 2020
2(nd) September 2020
Macfarlane Group PLC
Director/PDMR Shareholding
On 2(nd) September 2020, Peter D. Atkinson (Chief Executive), John Love (Group Finance Director) and Ivor Gray (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').
After consideration, the Remuneration Committee determined that the 2020 grants would be maintained at the standard levels. We acknowledge that, in common with many other companies we have seen a fall in our share price due to external factors. Under the LTIP rules, the Remuneration Committee has full discretion to ensure that the final outcome of the awards reflects all relevant factors, including shareholders' feedback and consideration of any potential windfall gains.
The conditional share award is subject to the achievement of performance conditions and if it vests will be released in accordance with the Plan rules. The award is also subject to an additional holding period of two years from the date on which the award vests.
Directors' Shareholdings and Share Interests
Hot Features
Premium
Name Awards Vesting Date Total Options Beneficial*
Following Grant
September
Peter D. Atkinson 395,672 2023 725,795 854,172
-------- ------------- ----------------- ------------
September
John Love 195,999 2023 359,524 800,000
-------- ------------- ----------------- ------------
September
Ivor Gray 124,726 2023 181,992 54,836
-------- ------------- ----------------- ------------
* including connected persons
The PSP awards made by Macfarlane represent awards over shares worth 100% of the Executive Directors' base salaries, as permitted by the Directors' remuneration policy.
The PSP awards made to Mr. Gray represent an award over shares worth 75% of base salary.
The forms required under the EU Market Abuse Regulation follow.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Peter D. Atkinson
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Executive
-------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------------
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 Conditional awards over ordinary shares
financial instrument, of 25p each
type of instrument
Identification code N/A
b) Nature of the transaction Conditional share awards made under the
Company's Performance Share Plan.
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Award over 395,672 conditional shares
at nil cost under the Company's Performance
Share Plan.
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 2(nd) September 2020
-------------------------- ---------------------------------------------
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 John Love
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Group Finance Director
-------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------------
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 Conditional awards over ordinary shares
financial instrument, of 25p each
type of instrument
Identification code N/A
b) Nature of the transaction Conditional share awards made under the
Company's Performance Share Plan.
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Award over 195,999 conditional shares
at nil cost under the Company's Performance
Share Plan.
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 2(nd) September 2020
-------------------------- ---------------------------------------------
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 Company Secretary
-------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ---------------------------------------------
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 Conditional awards over ordinary shares
financial instrument, of 25p each
type of instrument
Identification code N/A
b) Nature of the transaction Conditional share awards made under the
Company's Performance Share Plan.
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Award over 124,726 conditional shares
at nil cost under the Company's Performance
Share Plan.
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
e) Date of the transaction 2(nd) September 2020
-------------------------- ---------------------------------------------
f) Place of the transaction Grant of share awards occurred outside
a trading venue.
-------------------------- ---------------------------------------------
Further enquiries: Macfarlane Group Tel: 0141 333 9666
Stuart Paterson Chairman
------------------------- -------------------
Spreng Thomson
------------------------- -------------------
Callum Spreng Mob: 07803 970103
------------------------- -------------------
Legal Entity Identifier (LEI): 213800LVRYDERSJAAZ73
Notes to Editors:
-- Macfarlane Group PLC is listed on the London Stock Exchange (LSE: MACF) in the Industrials Sector
-- The company is headquartered in Glasgow, Scotland and has more than 70 years' experience in the UK packaging industry. Macfarlane Group's businesses are:
o Packaging Distribution is the leading UK distributor of a comprehensive range of protective packaging products;
o Manufacturing Operations which includes Labels who design and print high quality self-adhesive and resealable labels, principally for FMCG companies, and Packaging Design and Manufacture who design and produce protective packaging for high value, fragile products.
-- Macfarlane Group employs over 900 people at 31 sites, principally in the UK, but also in Ireland and Sweden.
-- The company has 15,000+ customers in the UK, Europe and the USA providing 600,000+ lines to a wide range of industry sectors including: consumer goods; food manufacturing; logistics; internet retail; mail order; electronics; defence and aerospace.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
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September 02, 2020 08:00 ET (12:00 GMT)
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