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RNS Number : 0143M Macfarlane Group PLC 19 May 2022
19 May 2022
Macfarlane Group PLC
Notification and public disclosure of transaction by PDMR
Macfarlane Group PLC (LON: MACF) announces that on 17 May 2022 the following
persons discharging managerial responsibilities ('PDMRs') acquired ordinary
shares of 25 pence each in the Company for nil consideration upon the maturity
of 17 May 2019 awards under the Company's 2016 Performance Share Plan ("PSP")
as summarised below together with details of the subsequent sales on 18 May
2022 automatically arranged on their behalf in accordance with the terms of
the PSP to satisfy related tax and national insurance liabilities:
PDMR Number of shares acquired for nil cost (including those added for in respect Number of shares sold to satisfy income tax and national insurance Number of shares retained post sale
of dividend equivalent)
Peter Atkinson 349,517 168,642 180,875
Ivor Gray 60,630 29,860 30,770
In accordance with the terms of the awards the number of 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 financial instrument, type of instrument Ordinary shares of 25 pence each in Macfarlane Group plc
Identification code GB0005518872
b) Nature of the transaction Settlement of conditional award under the Company acquired for nil
consideration.
c) Price(s) and volume(s) Price(s) Volume(s)
1. Nil 1. 349,517 ordinary shares
2. Nil
2. 60,630 ordinary shares
d) Aggregated information
- Aggregated volume Not applicable - single transactions
- Price Nil
e) Date of the transaction 17 May 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
Nil
e)
Date of the transaction
17 May 2022
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 financial instrument, type of instrument Ordinary shares of 25 pence each in Macfarlane Group plc
Identification code GB0005518872
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. 1.17625 1. 168,642
2. 2. 29,860
2. . 1.17625
d) Aggregated information
- Aggregated volume Not applicable - single transactions
- Price
e) Date of the transaction 18 May 2022
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transactions
e)
Date of the transaction
18 May 2022
f)
Place of the transaction
London Stock Exchange (XLON)
Further enquiries: Macfarlane Group Tel: 0141 333 9666
Stuart Paterson Chairman
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 high quality protective packaging
which help customers reduce supply chain costs, improve their 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 Germany,
Ireland 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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