Business
Grant of Options
Grant of Options.
About this update from Mpac Group Plc
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