Macfarlane Group PLC Director/PDMR Shareholding (5978L)
September 06 2023 - 8:35AM
UK Regulatory
TIDMMACF
RNS Number : 5978L
Macfarlane Group PLC
06 September 2023
Macfarlane Group PLC
06 September 2023
Macfarlane Group PLC
Notification and public disclosure of transaction by PDMRs
Macfarlane Group PLC (LON: MACF) announces that on 4th September
2023 the following persons discharging managerial responsibilities
('PDMRs') acquired ordinary shares of 25 pence each in the Company
for nil consideration upon the maturity of 2nd September 2020
awards under the Company's 2016 Performance Share Plan ("PSP"), as
summarised below, together with details of the subsequent sale of
ordinary shares on 5th September 2023 automatically arranged on
their behalf in accordance with the terms of the PSP to satisfy
related income tax and national insurance liabilities:
PDMR Number of shares Number of shares Number of shares
acquired for nil sold to satisfy retained post
cost (including income tax and sale
those added for national insurance
in respect of dividend
equivalent)
Peter Atkinson 428,794 192,357 236,437
------------------------ -------------------- -----------------
Ivor Gray 135,167 65,011 70,156
------------------------ -------------------- -----------------
In accordance with the terms of the PSP, the number of ordinary
shares retained post sale are subject to a two year holding
period.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the Market Abuse Regulation (EU)
No 596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Peter Atkinson
2. Ivor Gray
-------------------------------- ----------------------------------------------
2 Reason for Notification
--------------------------------------------------------------------------------
a) Position/status 1. Chief Executive
2. Group Finance Director
-------------------------------- ----------------------------------------------
b) Initial notification/Amendment Initial Announcement
-------------------------------- ----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Macfarlane Group PLC
-------------------------------- ----------------------------------------------
b) LEI 213800LVRYDERSJAAZ73
-------------------------------- ----------------------------------------------
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 Ordinary shares of 25 pence each
financial instrument, in Macfarlane Group plc
type of instrument GB0005518872
Identification code
-------------------------------- ----------------------------------------------
b) Nature of the transaction Settlement of conditional award
under the Company PSP acquired for
nil consideration.
-------------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 428,794 ordinary
2. Nil shares
135,167 ordinary
shares
---------------------------
-------------------------------- ----------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transactions
Nil
* Price
-------------------------------- ----------------------------------------------
e) Date of the transaction 04 September 2023
-------------------------------- ----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Peter Atkinson
2. Ivor Gray
-------------------------------- --------------------------------------------------
2 Reason for Notification
------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive
2. Group Finance Director
-------------------------------- --------------------------------------------------
b) Initial notification/Amendment Initial Announcement
-------------------------------- --------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a) Name Macfarlane Group PLC
-------------------------------- --------------------------------------------------
b) LEI 213800LVRYDERSJAAZ73
-------------------------------- --------------------------------------------------
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 Ordinary shares of 25 pence each
financial instrument, in Macfarlane Group plc
type of instrument GB0005518872
Identification code
-------------------------------- --------------------------------------------------
b) Nature of the transaction Disposals arranged by the Company's
employee benefit trust to cover
income tax and national insurance
liabilities
-------------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 109.55 pence 192,357 ordinary
2. 109.55 pence shares
65,011 ordinary
shares
----------------------------
-------------------------------- --------------------------------------------------
d) Aggregated information
* Aggregated volume Not applicable - single transactions
* Price
-------------------------------- --------------------------------------------------
e) Date of the transaction 05 September 2023
-------------------------------- --------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------- --------------------------------------------------
Further enquiries: Macfarlane Group Tel: 0141 333
9666
Aleen Gulvanessian Chair
-------------------------------- -------------------
Peter Atkinson Chief Executive
-------------------------------- -------------------
Ivor Gray Finance Director
-------------------------------- -------------------
Spreng Thomson Tel: 0141 548
5191
-------------------------------- -------------------
Callum Spreng Mob: 07803 970103
-------------------------------- -------------------
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 with high quality
protective packaging products which help customers reduce supply
chain costs, improve 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 37 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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