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MPAC Mpac Group Plc

430.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mpac Group Plc LSE:MPAC London Ordinary Share GB0005991111 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 430.00 425.00 435.00 430.00 428.50 430.00 9,157 08:00:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 114.2M 2.7M 0.1319 32.60 88.04M

Mpac Group PLC Awards under Long Term Incentive Plan (0123C)

12/06/2019 3:30pm

UK Regulatory


Mpac (LSE:MPAC)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMMPAC

RNS Number : 0123C

Mpac Group PLC

12 June 2019

12 June 2019

Mpac Group plc

("Mpac" or the "Company")

Awards under Long Term Incentive Plan

Mpac Group plc (AIM: MPAC) announces that on 12 June 2019 its Executive Directors were granted the following share awards as conditional rights to acquire ordinary shares of 25p each in the Company ('Conditional Awards'):

Director Position Number of Shares

under Conditional Award

Dr A Steels Chief Executive 210,000

Mr W C Wilkins Group Finance Director 120,000

Further details relating to the operation of the Long Term Incentive Plan will be provided in the Company's 2019 Annual Report and Accounts.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the grant of Conditional Awards.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                        Dr A Steels - Chief Executive 
     ------------------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                             See 1(a) above - Dr Steels 
                                                   is classified as a PDMR of 
                                                   the Company 
     ------------------------------------------  --------------------------------------------------- 
 b)   Initial notification/Amendment              Initial Notification 
     ------------------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                        Mpac Group plc 
     ------------------------------------------  --------------------------------------------------- 
 b)   LEI                                         213800J3KUDYLRHHU562 
     ------------------------------------------  --------------------------------------------------- 
 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                Ordinary Shares of 25p each 
       instrument, type of instrument              ("Ordinary Shares") 
       Identification code                         GB0005991111 
     ------------------------------------------  --------------------------------------------------- 
 b)   Nature of the transaction                   Conditional Award of ordinary 
                                                   shares pursuant to the rules 
                                                   of the Company's Long Term 
                                                   Incentive Plan. 
                                                   The performance conditions 
                                                   for the awards relate to i) 
                                                   cumulative Earnings Per Share, 
                                                   and ii) average Return on Capital 
                                                   Employed, in each case over 
                                                   the three-year period ending 
                                                   31 December 2021. Awards automatically 
                                                   vest, to the extent the performance 
                                                   conditions are met, at the 
                                                   end of the performance period. 
                                                   The awards are subject to a 
                                                   holding period of a further 
                                                   two years following vesting. 
                                                   The rights of the shares are 
                                                   deferred, such that any dividends 
                                                   and other distributions attaching 
                                                   to the shares between the date 
                                                   of the award and vesting do 
                                                   not form part of the award. 
     ------------------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                      Volume(s): Conditional Award 
                                                   over 210,000 shares 
 
                                                   Price: GBPNil 
     ------------------------------------------  --------------------------------------------------- 
 d)        Aggregated information                 N/A 
             *    Volume 
 
 
 
             *    Price 
 
 
 
             *    Total 
     ------------------------------------------  --------------------------------------------------- 
 e)   Date of the transaction                     12 June 2019 
     ------------------------------------------  --------------------------------------------------- 
 f)   Place of the transaction                    Outside a trading volume 
     ------------------------------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                        Mr W C Wilkins - Group Finance 
                                                   Director 
     ------------------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                             See 1(a) above - Mr Wilkins 
                                                   is classified as a PDMR of 
                                                   the Company 
     ------------------------------------------  --------------------------------------------------- 
 b)   Initial notification/Amendment              Initial Notification 
     ------------------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                        Mpac Group plc 
     ------------------------------------------  --------------------------------------------------- 
 b)   LEI                                         213800J3KUDYLRHHU562 
     ------------------------------------------  --------------------------------------------------- 
 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                Ordinary Shares of 25p each 
       instrument, type of instrument              ("Ordinary Shares") 
       Identification code                         GB0005991111 
     ------------------------------------------  --------------------------------------------------- 
 b)   Nature of the transaction                   Conditional Award of ordinary 
                                                   shares pursuant to the rules 
                                                   of the Company's Long Term 
                                                   Incentive Plan. 
                                                   The performance conditions 
                                                   for the awards relate to i) 
                                                   cumulative Earnings Per Share, 
                                                   and ii) average Return on Capital 
                                                   Employed, in each case over 
                                                   the three-year period ending 
                                                   31 December 2021. Awards automatically 
                                                   vest, to the extent the performance 
                                                   conditions are met, at the 
                                                   end of the performance period. 
                                                   The awards are subject to a 
                                                   holding period of a further 
                                                   two years following vesting. 
                                                   The rights of the shares are 
                                                   deferred, such that any dividends 
                                                   and other distributions attaching 
                                                   to the shares between the date 
                                                   of the award and vesting do 
                                                   not form part of the award. 
     ------------------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                      Volume(s): Conditional Award 
                                                   over 120,000 shares 
 
                                                   Price: GBPNil 
     ------------------------------------------  --------------------------------------------------- 
 d)        Aggregated information                 N/A 
             *    Volume 
 
 
 
             *    Price 
 
 
 
             *    Total 
     ------------------------------------------  --------------------------------------------------- 
 e)   Date of the transaction                     12 June 2019 
     ------------------------------------------  --------------------------------------------------- 
 f)   Place of the transaction                    Outside a trading volume 
     ------------------------------------------  --------------------------------------------------- 
 

For further information, please contact:

Mpac Group plc Tel: +44 (0) 2476 421100

Duncan Tyler, Company Secretary

Panmure Gordon (UK) Limited (Nominated Advisor & Broker) Tel: +44 (0) 20 7886 2500

Dominic Morley

James Stearns

Hudson Sandler Tel: +44 (0) 20 7796 4133

Nick Lyon

Nick Moore

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.

END

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(END) Dow Jones Newswires

June 12, 2019 10:30 ET (14:30 GMT)

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