Source - LSE Regulatory
RNS Number : 8934J
Mpac Group PLC
09 April 2024
 

9 April 2024

 

Mpac Group plc

 

(the "Company" or the "Group")

 

Grant of Options

 

Director/PDMR Transaction

 

The Company announces that, on 9 April 2024, it awarded a total of 224,197 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

123,711

Will Wilkins, Group Finance Director

56,357

Mike Brown, Regional Director Americas

23,576

Adam Ward, Regional Director EMEA

20,553

 

A further amount of 79,321 LTIP options were awarded to members of the senior management team.

 

The LTIP Options have vesting conditions tied to cumulative Earnings Per Share (EPS) and Operating Return On Sales (ROS), with each award split 70% EPS and 30% ROS. Cumulative EPS has to exceed 150p over the performance period to vest in full. Vesting is reduced to 40% on a pro-rata basis if cumulative EPS is 125p over the performance period and is reduced to nil if below 125p. Average ROS has to exceed 10% to vest in full. Vesting is reduced to 40% on a pro-rata basis if average ROS is 8.8% over the performance period and is reduced to nil if below 8.8%.

 

The performance period will be 1 January 2024 to 31 December 2026 and, to the extent vested, the options will be subject to a two-year holding period following the expiry of the performance period for the Company's Directors/PDMRs.

 

 

For further information, please contact:

Mpac Group plc                                                                                      Tel: +44(0)24 7642 1100

Adam Holland, Chief Executive

  Will Wilkins, Group Finance Director

 

 


Shore Capital (Nominated Adviser & Joint Broker)

Advisory

Patrick Castle

Iain Sexton

Broking

Henry Willcocks

  

Tel: +44(0)20 7408 4050

 

Liberum (Joint Broker)

Edward Mansfield

Will King

Anake Singh

 

Hudson Sandler

Nick Lyon

Nick Moore

Tel: +44 (0) 20 3100 2000

 

 

 

 

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

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

 123,711



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

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

 56,357



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

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

 23,576



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

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

 20,553



 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

9 April 2024

f)

Place of the transaction

n/a

 

 

 

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