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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 |
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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