MPAC GROUP PLC

Remuneration Information • Jun 12, 2019

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RNS Number : 0123C

Mpac Group PLC

12 June 2019

12 June 2019

Mpac Group plc

("Mpac" or the "Company")

Awards under Long Term Incentive Plan

Mpac Group plc (AIM: MPAC) announces that on 12 June 2019 its Executive Directors were granted the following share awards as conditional rights to acquire ordinary shares of 25p each in the Company ('Conditional Awards'):

Director                                  Position                                                                            Number of Shares

under Conditional Award

Dr A Steels                             Chief Executive                                                                              210,000

Mr W C Wilkins                     Group Finance Director                                                              120,000

Further details relating to the operation of the Long Term Incentive Plan will be provided in the Company's 2019 Annual Report and Accounts.

Set out below are the notifications, made in accordance with the requirements of the EU Market Abuse Regulation, in relation to the grant of Conditional Awards.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Dr A Steels - Chief Executive
2	Reason for the notification
a)	Position/status	See 1(a) above - Dr Steels is classified as a PDMR of the Company
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	Ordinary Shares of 25p each ("Ordinary Shares") GB0005991111
b)	Nature of the transaction	Conditional Award of ordinary shares pursuant to the rules of the Company's Long Term Incentive Plan. The performance conditions for the awards relate to i) cumulative Earnings Per Share, and ii) average Return on Capital Employed, in each case over the three-year period ending 31 December 2021.  Awards automatically vest, to the extent the performance conditions are met, at the end of the performance period. The awards are subject to a holding period of a further two years following vesting. The rights of the shares are deferred, such that any dividends and other distributions attaching to the shares between the date of the award and vesting do not form part of the award.
c)	Price(s) and volume(s)	Volume(s): Conditional Award over 210,000 shares Price: £Nil
d)	Aggregated information -      Volume -      Price -      Total	N/A
e)	Date of the transaction	12 June 2019
f)	Place of the transaction	Outside a trading volume

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mr W C Wilkins - Group Finance Director
2	Reason for the notification
a)	Position/status	See 1(a) above - Mr Wilkins is classified as a PDMR of the Company
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	Ordinary Shares of 25p each ("Ordinary Shares") GB0005991111
b)	Nature of the transaction	Conditional Award of ordinary shares pursuant to the rules of the Company's Long Term Incentive Plan. The performance conditions for the awards relate to i) cumulative Earnings Per Share, and ii) average Return on Capital Employed, in each case over the three-year period ending 31 December 2021.  Awards automatically vest, to the extent the performance conditions are met, at the end of the performance period. The awards are subject to a holding period of a further two years following vesting. The rights of the shares are deferred, such that any dividends and other distributions attaching to the shares between the date of the award and vesting do not form part of the award.
c)	Price(s) and volume(s)	Volume(s): Conditional Award over 120,000 shares Price: £Nil
d)	Aggregated information -      Volume -      Price -      Total	N/A
e)	Date of the transaction	12 June 2019
f)	Place of the transaction	Outside a trading volume

For further information, please contact:

Mpac Group plc                                                                                                                Tel: +44 (0) 2476 421100

Duncan Tyler, Company Secretary

Panmure Gordon (UK) Limited (Nominated Advisor & Broker)                               Tel: +44 (0) 20 7886 2500

Dominic Morley

James Stearns

Hudson Sandler                                                                                                                Tel: +44 (0) 20 7796 4133

Nick Lyon

Nick Moore

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