Source - LSE Regulatory
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

Adam Holland, Chief Executive designate

Will Wilkins, Group Finance Director

 

 

Tel: +44(0)24 7642 1100

Shore Capital (Nominated Adviser & Broker)

Advisory

Patrick Castle

Iain Sexton

Broking

Henry Willcocks

 

Tel: +44(0)20 7408 4050

 

Hudson Sandler

Nick Lyon / Nick Moore

Tel: +44(0)20 7796 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 instrument

Identification code

Options for 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

 192,124



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

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 instrument

Identification code

Options for 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

 76,849



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

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 instrument

Identification code

Options for 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

 57,637



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

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 instrument

Identification code

Options for 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

 57,637



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

2 May 2023

f)

Place of the transaction

n/a

 

 

 

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