Mpac Group PLC Director/PDMR Dealing (6634Y)

TIDMMPAC

RNS Number : 6634Y

Mpac Group PLC

10 September 2020

10 September 2020

Mpac Group plc

("Mpac" or the "Company")

Director/PDMR Dealing

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                                       Tony 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 ("Ordinary 
       instrument, type of instrument             Shares") 
       Identification code                        GB0005991111 
     -----------------------------------------  ---------------------------------------------------- 
 b)   Nature of the transaction                  Transfer of Ordinary shares to 
                                                  Dr Steels by the Mpac Group plc 
                                                  Employee Trust ("Trust") upon 
                                                  exercise of a conditional grant 
                                                  over Ordinary Shares awarded 
                                                  on 8 June 2017 under the Mpac 
                                                  Group plc Deferred Share Plan. 
                                                  Subsequent sale by Dr Steels 
                                                  of Ordinary Shares back to the 
                                                  Trust to cover the tax liability 
                                                  arising on exercise. 
     -----------------------------------------  ---------------------------------------------------- 
 c)   Price(s) and volume(s)                          (a) In respect of the transfer 
                                                       to Dr Steels: 
                                                       Volume(s): 113,800 Ordinary Shares 
                                                       Price: GBPnil 
                                                       (b) In respect of the sale by 
                                                       Dr Steels: 
                                                       Volume(s): 53,486 Ordinary Shares 
                                                       Price: 280.0 pence per Ordinary 
                                                       Share 
     -----------------------------------------  ---------------------------------------------------- 
 d)        Aggregated information                N/A 
             *    Volume 
 
 
 
             *    Price 
 
 
 
             *    Total 
     -----------------------------------------  ---------------------------------------------------- 
 e)   Date of the transaction                    9 September 2020 
     -----------------------------------------  ---------------------------------------------------- 
 f)   Place of the transaction                   Outside a trading venue 
     -----------------------------------------  ---------------------------------------------------- 
 

Dr Steels shareholding following this transaction is now 78,964 Ordinary Shares, representing 0.39% of the Company's issued share capital.

For further information, please contact:

Mpac Group plc Tel: [phone]

Duncan Tyler, Company Secretary

Shore Capital (Nominated Advisor & Broker) Tel: [phone]

Patrick Castle

Edward Mansfield

Sarah Mather

Hudson Sandler Tel: [phone]

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHZBLFFBKLXBBE

(END) Dow Jones Newswires

September 10, 2020 10:37 ET (14:37 GMT)