Director/PDMR Shareholding
Mpac Group plc announced on July 23, 2026, that it granted a total of 54,455 options under its Long Term Incentive Plan to Duncan Tyler, the incoming CFO, on July 22, 2026. This award comprises 43,564 performance-related options exercisable at £0.25, with vesting tied to cumulative Earnings Per Share (EPS) and Return on Capital (ROCE) targets, and 10,891 Restricted Stock Units subject to continued employment and satisfactory performance over a three-year period ending December 31, 2028. Vested options will be subject to a two-year holding period, with exceptions for tax liability coverage.
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Mpac Group plc, the global packaging and automation solutions Group, announces that on 22 July 2026, it awarded a total of 54,455 options to subscribe for new Ordinary Shares of 25 pence each in the Company ("Ordinary Shares") under the Mpac Group plc Long Term Incentive Plan ("LTIP") reflecting the appointment of Duncan Tyler as incoming CFO:
| Director/PDMR | Performance-related Options | Restricted Stock Units |
|---|---|---|
| Duncan Tyler, Incoming CFO | 43,564 | 10,891 |
The Performance-related Options are exercisable at the nominal price of £0.25 and have vesting conditions tied to cumulative Earnings Per Share (EPS) and Return on Capital (ROCE). The award will vest based on 50% of EPS performance and 50% of ROCE performance. Cumulative EPS must reach 85p over the performance period to vest in full. Vesting is nil if below 70p. The performance period in respect of Cumulative EPS is the period 1 January 2026 to 31 December 2028. The performance period for ROCE is the year ended 31 December 2028. ROCE for the year ended 31 December 2028 must reach 15% to vest in full. Vesting is nil if below 13%.
Restricted Stock Units are subject to the participant remaining an employee during the three-year vesting period ending 31 December 2028 and demonstrating performance and conduct satisfactory to the Remuneration Committee.
To the extent vested, the options will be subject to a two-year holding period following the vesting of the award. However, shares may be sold to cover any tax liability arising from exercise during the two-year holding period.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Duncan Tyler |
| 2 | Reason for the notification | |
| a) | Position/status | Incoming CFO / PDMR |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Mpac Group plc |
| b) | LEI | 213800J3KUDYLRHHU562 |
| a) | Description of the financial instrument, type of instrument Identification code | Options over Ordinary Shares GB0005991111 |
| b) | Nature of the transaction | Grant of options under the Mpac Group plc Long-Term Incentive Plan. |
| c) | Price(s) and volume(s) | 43,564 performance-related options 10,891 restricted stock units |
| d) | Aggregated information - Volume - Price - Total | 54,455 |
| e) | Date of the transaction | 22 July 2026 |
| f) | Place of the transaction | N/A |
| For further information please contact: Mpac Group plc Adam Holland, Chief Executive Officer Duncan Tyler, Incoming CFO | Tel: +44 (0)24 7642 1100 | |
| Shore Capital (Nomad and Joint Broker) Advisory Patrick Castle Sophie Collins Broking Henry Willcocks | Tel: +44 (0)20 7408 4050 | |
| Panmure Liberum (Joint Broker) Edward Mansfield Will King Jamie Anderson | Tel: +44 (0)20 3100 2000 | |
| Tavistock Nick Dibden Katie Hopkins Grace Cooper | Tel: +44 (0) 20 7920 3150 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.