Mpac Group PLC Director/PDMR Transaction (1711Y)
02 Mai 2023 - 5:37PM
UK Regulatory
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
-------------------------------------------------------- -------------------------------------------------------
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END
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