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MACF Macfarlane Group Plc

124.00
-1.00 (-0.80%)
14 May 2024 - Closed
Delayed by 15 minutes
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
  -1.00 -0.80% 124.00 124.00 125.00 125.00 123.00 125.00 221,424 16:23:39
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 280.71M 14.97M 0.0942 13.16 197.1M

Macfarlane Group PLC Director/PDMR Shareholding (3417U)

27/03/2023 12:29pm

UK Regulatory


Macfarlane (LSE:MACF)
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From May 2022 to May 2024

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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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March 27, 2023 07:29 ET (11:29 GMT)

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