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Director/PDMR Shareholding

23rd May 2025 11:38

RNS Number : 0090K
Mpac Group PLC
23 May 2025
 

23 May 2025

 

Mpac Group plc

("Mpac" or the "Company")

 

Grant of Options

 

Director/PDMR Dealing

 

Mpac Group plc, the global packaging and automation solutions Group, announces that, on 21 May 2025, it awarded a total of 171,548 options to subscribe for new shares of 25 pence each in the Company ("Ordinary Shares") under the Mpac Group plc Long Term Incentive Plan ("LTIP") 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, CEO

119,247

William Wilkins, Group Finance Director

52,301

 

The LTIP Options are exercisable at the nominal price of £0.25 and have vesting conditions tied to cumulative Earnings Per Share (EPS) and average Operating Return On Sales (Operating ROS). Each award will vest based on 70% of EPS performance and 30% of Operating ROS performance. Cumulative EPS has to exceed 155p over the performance period to vest in full. Vesting is reduced to 40% on a pro-rata basis if cumulative EPS is 140p over the performance period and is reduced to nil if below 140p. Average Operating ROS has to exceed 10% to vest in full. Vesting is reduced to 40% on a pro-rata basis if average Operating ROS is 9% over the performance period and is reduced to nil if below 9%.

The performance period will be 1 January 2025 to 31 December 2027 and, to the extent vested, the options will be subject to a two-year holding period following the vesting of the award. However, shares may be sold to cover any tax liability arising from exercise during the two year holding period.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of a transaction by a person discharging managerial responsibilities ("PDMR").

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Adam Holland

2

Reason for the notification

a)

Position/status

Chief Executive Officer / PDMR

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 instrument

Identification code

Options over ordinary shares exercisable at £0.25

GB0005991111

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

 119,247

d)

Aggregated information

- Volume 

- Price

- Total

N/A

e)

Date of the transaction

21 May 2025

f)

Place of the transaction

N/A

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

William Wilkins

2

Reason for the notification

a)

Position/status

Group Finance Director / PDMR

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 instrument

Identification code

Options over ordinary shares exercisable at £0.25

GB0005991111

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

 52,301

d)

Aggregated information

- Volume 

- Price

- Total

N/A

e)

Date of the transaction

21 May 2025

f)

Place of the transaction

N/A

 

 

For further information please contact:

 

Mpac Group plc

Adam Holland, Chief Executive Officer

Will Wilkins, Chief Financial Officer

 

 

Tel: +44 (0)24 7642 1100

 

 

Shore Capital (Nomad and Joint Broker)

Advisory

Patrick Castle

Sophie Collins

 

Broking

Henry Willcocks

 

Tel: +44 (0)20 7408 4050

 

Panmure Liberum (Joint Broker)

Edward Mansfield

Will King

Freddie Wooding

 

 

Tel: +44 (0)20 3100 2000

Hudson Sandler (Financial PR)

Nick Lyon

Nick Moore

Francesca Rosser

 

Tel: +44 (0) 20 7796 4133

 

 

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