Director / PDMR Shareholding & EBT share purchase
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Director – PDMR Shareholding
and
EBT share purchase
Macfarlane Group PLC (LON: MACF) announces that on 26th March 2024 the following persons discharging managerial responsibilities ('PDMRs') acquired ordinary shares of 25 pence each in the Company ("Shares") for nil consideration upon the maturity of the 26th March 2021 awards under the Company's 2016 Performance Share Plan ("PSP"), together with details of the subsequent sale of certain Shares automatically arranged on their behalf in accordance with the terms of the PSP to satisfy related income tax and national insurance liabilities:
| PDMR | Number of Shares acquired for nil cost (including those added for in respect of dividend equivalent) | Number of Shares sold to satisfy income tax and national insurance | Number of Shares retained post sale | Total number of Shares held in the Company | % held of Company's issued share capital |
|---|---|---|---|---|---|
| Peter Atkinson | 375,462 | 169,297 | 206,165 | 1,477,649 | 0.93% |
| Ivor Gray | 198,298 | 97,361 | 100,937 | 287,169 | 0.18% |
| James Macdonald | 54,505 | 26,762 | 27,743 | 30,093 | 0.02% |
In accordance with the terms of the PSP, the number of Shares retained post sale are subject to a two year holding period.
The Company has been informed that today, the Company's employee benefit trust (the "EBT") purchased 293,420 Shares at an average price 133.75 pence per Share to help satisfy any future exercise of share options. As a result, the EBT now holds 330,068 Shares in the Company which is approximately 0.21% of the Company's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Peter Atkinson 2. Ivor Gray 3. James Macdonald |
| 2 | Reason for Notification | |
| a) | Position/status | 1. Chief Executive 2. Group Finance Director 3. Company Secretary |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 25 pence each in Macfarlane Group PLC GB0005518872 |
| b) | Nature of the transaction | Settlement of conditional award under the Company PSP acquired for nil consideration. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 2. Nil 3. Nil 375,462 ordinary shares 198,298 ordinary shares 54,505 ordinary shares |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transactions Nil |
| e) | Date of the transaction | 26 March 2024 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Peter Atkinson 2. Ivor Gray 3. James Macdonald |
| 2 | Reason for Notification | |
| a) | Position/status | 1. Chief Executive 2. Group Finance Director 3. Company Secretary |
| b) | Initial notification/Amendment | Initial Announcement |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 25 pence each in Macfarlane Group PLC GB0005518872 |
| b) | Nature of the transaction | Disposals arranged by the Company's employee benefit trust to cover income tax and national insurance liabilities |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 133.75 pence 2. 133.75 pence 3. 133.75 pence 169,297 ordinary shares 97,361 ordinary shares 26,762 ordinary shares |
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transactions |
| e) | Date of the transaction | 26 March 2024 |
| f) | Place of the transaction | Outside a trading venue |
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