Director/PDMR Shareholding
Macfarlane Group PLC announced on March 27, 2026, that five senior individuals, including the Chief Executive, Group Finance Director, Group Financial Controller and Company Secretary, Distribution Managing Director, and Europe Managing Director, were granted conditional share awards under the company's Performance Share Plan on March 26, 2026. These awards are subject to performance conditions and a two-year holding period post-vesting, with the vesting date set for March 2029. The awards represent a significant portion of their base salaries, ranging from 50% to 150%, and will result in new total shareholdings for each executive, with Peter Atkinson receiving 1,114,843 shares, Ivor Gray 619,048 shares, James Macdonald 201,664 shares, David Mansfield 307,543 shares, and Joost Meijs 157,143 shares, all at nil cost.
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On 26th March 2026, Peter Atkinson (Chief Executive), Ivor Gray (Group Finance Director), James Macdonald (Group Financial Controller and Company Secretary), David Mansfield (Distribution Managing Director) and Joost Meijs (Europe Managing Director) were granted conditional share awards over Macfarlane Group PLC ordinary shares of 25p ("Shares") as set out below, under the terms of the Company's Performance Share Plan ('PSP').
The conditional share award is subject to the achievement of performance conditions and if it vests will be released in accordance with the PSP rules (as disclosed in the Company's annual report). The award is also subject to an additional holding period of two years from the date on which the award vests.
PDMR Shareholdings and Share Interests
| Name | Awards | Vesting Date | Total Options Following Grant | Total number of Shares held in the Company* |
|---|---|---|---|---|
| Peter Atkinson | 1,114,843 | March 2029 | 2,177,073 | 1,559,820 |
| Ivor Gray | 619,048 | March 2029 | 1,170,826 | 322,923 |
| James Macdonald | 201,664 | March 2029 | 401,448 | 29,966 |
| David Mansfield | 307,543 | March 2029 | 612,219 | 0 |
| Joost Meijs | 157,143 | March 2029 | 259,263 | 0 |
*including connected persons
The PSP awards made to the Executive Directors represent awards over Shares worth 150% of their base salaries, as permitted by the Directors' remuneration policy.
The PSP awards made to Mr. Macdonald and Mr. Mansfield represent an award over Shares worth 100% of base salary. The PSP award made to Mr. Meijs represents an award over Shares worth 50% of base salary.
The Company makes the following disclosures in accordance with Article 19 of the Market Abuse Regulation ("MAR") relating to certain transactions by persons discharging managerial responsibilities ("PDMR") in the Shares of the Company:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Peter Atkinson |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument | Conditional awards over ordinary shares of 25p each |
| Identification code | N/A | |
| b) | Nature of the transaction | Conditional share awards made under the Company's PSP. |
| c) | Price(s) and volume(s) | Award over 1,114,843 Shares at nil cost. |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 26 th March 2026 |
| f) | Place of the transaction | Grant of share awards occurred outside a trading venue. |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Ivor Gray |
| 2 | Reason for the notification | |
| a) | Position/status | Group Finance Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument | Conditional awards over ordinary shares of 25p each |
| Identification code | N/A | |
| b) | Nature of the transaction | Conditional share awards made under the Company's PSP. |
| c) | Price(s) and volume(s) | Award over 619,048 Shares at nil cost. |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 26th March 2026 |
| f) | Place of the transaction | Grant of share awards occurred outside a trading venue. |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | James Macdonald |
| 2 | Reason for the notification | |
| a) | Position/status | Group Financial Controller and Company Secretary |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument | Conditional awards over ordinary shares of 25p each |
| Identification code | N/A | |
| b) | Nature of the transaction | Conditional share awards made under the Company's PSP. |
| c) | Price(s) and volume(s) | Award over 201,664 Shares at nil cost. |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 26th March 2026 |
| f) | Place of the transaction | Grant of share awards occurred outside a trading venue. |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | David Mansfield |
| 2 | Reason for the notification | |
| a) | Position/status | Distribution Managing Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument | Conditional awards over ordinary shares of 25p each |
| Identification code | N/A | |
| b) | Nature of the transaction | Conditional share awards made under the Company's PSP. |
| c) | Price(s) and volume(s) | Award over 307,543 Shares at nil cost. |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 26th March 2026 |
| f) | Place of the transaction | Grant of share awards occurred outside a trading venue. |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Joost Meijs |
| 2 | Reason for the notification | |
| a) | Position/status | Europe Managing Director |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Macfarlane Group PLC |
| b) | LEI | 213800LVRYDERSJAAZ73 |
| a) | Description of the financial instrument, type of instrument | Conditional awards over ordinary shares of 25p each |
| Identification code | N/A | |
| b) | Nature of the transaction | Conditional share awards made under the Company's PSP. |
| c) | Price(s) and volume(s) | Award over 157,143 Shares at nil cost. |
| d) | Aggregated information | |
| - Aggregated volume | N/A - single transaction | |
| - Price | ||
| e) | Date of the transaction | 26th March 2026 |
| f) | Place of the transaction | Grant of share awards occurred outside a trading venue. |
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