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MPAC Mpac Group Plc

440.00
15.00 (3.53%)
26 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
  15.00 3.53% 440.00 435.00 445.00 442.50 422.00 425.00 158,584 13:30:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Special Industry Machy, Nec 114.2M 2.7M 0.1319 33.36 90.09M

Mpac Group PLC Director/PDMR Transaction (1711Y)

02/05/2023 4:37pm

UK Regulatory


Mpac (LSE:MPAC)
Historical Stock Chart


From Apr 2023 to Apr 2024

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TIDMMPAC

RNS Number : 1711Y

Mpac Group PLC

02 May 2023

2 May 2023

Mpac Group plc

(the "Company" or the "Group")

Grant of Options

Director/PDMR Transaction

The Company announces that, on 2 May 2023, it awarded a total of 384,247 options to subscribe for new ordinary shares in the Company under the Mpac Group plc Long Term Incentive Plan ("LTIP") 2019 to certain of the Company's Directors/PDMRs in the amounts set out below (the "LTIP Options").

 
 Director/PDMR                    Number of LTIP Options 
 Adam Holland, Chief Executive 
  Officer designate                      192,124 
                                 ----------------------- 
 Will Wilkins, Group Finance 
  Director                                76,849 
                                 ----------------------- 
 Mike Brown, Regional Director 
  Americas                                57,637 
                                 ----------------------- 
 Adam Ward, Regional Director 
  EMEA                                    57,637 
                                 ----------------------- 
 

The LTIP Options have vesting conditions tied to cumulative Earnings Per Share (EPS) and average Return On Capital Employed (ROCE), with each award split equally between the two performance conditions. Cumulative EPS has to exceed 140p over the performance period to vest in full. Vesting is reduced to 20% on a pro-rata basis if cumulative EPS is 110p over the performance period and is reduced to nil if below 110p. Average ROCE has to exceed 40% to vest in full. Vesting is reduced to 20% on a pro-rata basis if average ROCE is 30% over the performance period and is reduced to nil if below 30%.

The performance period will be 1 January 2023 to 31 December 2025 and, to the extent vested, the options will be subject to a two-year holding period following the expiry of the performance period.

For further information, please contact:

 
 Mpac Group plc                               Tel: +44(0)24 7642 
  Adam Holland, Chief Executive designate      1100 
  Will Wilkins, Group Finance Director 
 Shore Capital (Nominated Adviser & Broker)   Tel: +44(0)20 7408 
  Advisory                                     4050 
  Patrick Castle 
  Iain Sexton 
  Broking 
  Henry Willcocks 
 Hudson Sandler                               Tel: +44(0)20 7796 
  Nick Lyon / Nick Moore                       4133 
 

The Company makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                      Adam Holland 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR - Chief Executive Officer designate 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 instrument, type of          Options for ordinary shares exercisable at GBP0.25 
      instrument                                                 GB0005991111 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of options under the Mpac Group plc Long-Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)    Volume(s) 
                                                                   n/a         192,124 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                                        n/a 
       - Price 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2 May 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  n/a 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                      Will Wilkins 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR - Group Finance Director 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 instrument, type of          Options for ordinary shares exercisable at GBP0.25 
      instrument                                                 GB0005991111 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of options under the Mpac Group plc Long-Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)    Volume(s) 
                                                                   n/a         76,849 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                                        n/a 
       - Price 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2 May 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  n/a 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                      Mike Brown 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR - Regional Director Americas 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 instrument, type of          Options for ordinary shares exercisable at GBP0.25 
      instrument                                                 GB0005991111 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of options under the Mpac Group plc Long-Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)    Volume(s) 
                                                                   n/a         57,637 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                                        n/a 
       - Price 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2 May 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  n/a 
     --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities / person closely associated 
 a)   Name                                                      Adam Ward 
     --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           PDMR - Regional Director EMEA 
     --------------------------------------------------------  ------------------------------------------------------- 
 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 instrument, type of          Options for ordinary shares exercisable at GBP0.25 
      instrument                                                 GB0005991111 
      Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Grant of options under the Mpac Group plc Long-Term 
                                                                Incentive Plan 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                      Price(s)    Volume(s) 
                                                                   n/a         57,637 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                                        n/a 
       - Price 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   2 May 2023 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  n/a 
     --------------------------------------------------------  ------------------------------------------------------- 
 

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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(END) Dow Jones Newswires

May 02, 2023 11:37 ET (15:37 GMT)

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