3 May 2019
Mpac Group plc
("Mpac" or the "Company")
Awards under Deferred Share Plan
Mpac Group plc announces that on 1 May 2019 its Executive Directors were granted the following share awards as nil-cost options over ordinary shares of 25p each in the Company under the Company's Deferred Share Plan:
Director Position Number of Options Granted
Dr A Steels Chief Executive 35,409
Mr W C Wilkins Group Finance Director 33,407
Further details relating to the operation of the Deferred Share Plan can be found within the Company's Annual Report and Accounts which are available on the Company's website.
Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the grant of options.
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name |
Dr A Steels - Chief Executive |
2 |
Reason for the notification |
a) |
Position/status |
See 1(a) above - Dr Steels is classified as a PDMR of the Company |
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 |
Ordinary Shares of 25p each ("Ordinary Shares") GB0005991111 |
b) |
Nature of the transaction |
Conditional award of ordinary shares pursuant to the rules of the Company's Deferred Share Plan. For the award to vest, Dr Steels must remain in employment for three years from the award date. The rights of the shares are deferred, such that any dividends and other distributions attaching to the shares between the date of the award and the realisation date do not form part of the award. The stated number of shares will be granted to the director at any time requested by the director from the third anniversary of the date of grant to, normally, the fourth anniversary. In exceptional circumstances and at the Company's discretion, the Company may make a cash payment of a sum equivalent to the value of the shares that would otherwise have been granted. In certain circumstances, for example retirement, the director may exercise a proportion of an award before the third-year anniversary of the conditional grant. |
c) |
Price(s) and volume(s) |
Volume(s): Nil cost options over 35,409 shares Price: £Nil |
d) |
Aggregated information - Volume - Price - Total |
N/A |
e) |
Date of the transaction |
1 May 2019 |
f) |
Place of the transaction |
Outside a trading volume |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
a) |
Name |
Mr W C Wilkins - Group Finance Director |
2 |
Reason for the notification |
a) |
Position/status |
See 1(a) above - Mr Wilkins is classified as a PDMR of the Company |
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 |
Ordinary Shares of 25p each ("Ordinary Shares") GB0005991111 |
b) |
Nature of the transaction |
Conditional award of ordinary shares pursuant to the rules of the Company's Deferred Share Plan. For the award to vest, Mr Wilkins must remain in employment for three years from the award date. The rights of the shares are deferred, such that any dividends and other distributions attaching to the shares between the date of the award and the realisation date do not form part of the award. The stated number of shares will be granted to the director at any time requested by the director from the third anniversary of the date of grant to, normally, the fourth anniversary. In exceptional circumstances and at the Company's discretion, the Company may make a cash payment of a sum equivalent to the value of the shares that would otherwise have been granted. In certain circumstances, for example retirement, the director may exercise a proportion of an award before the third-year anniversary of the conditional grant. |
c) |
Price(s) and volume(s) |
Volume(s): Nil cost options over 33,407 shares Price: £Nil |
d) |
Aggregated information - Volume - Price - Total |
N/A |
e) |
Date of the transaction |
1 May 2019 |
f) |
Place of the transaction |
Outside a trading volume |
For further information, please contact:
Mpac Group plc Tel: +44 (0) 2476 421100
Duncan Tyler, Company Secretary
Panmure Gordon (UK) Limited (Nominated Advisor & Broker) Tel: +44 (0) 20 7886 2500
Dominic Morley
James Stearns
Hudson Sandler Tel: +44 (0) 20 7796 4133
Nick Lyon
Nick Moore
