MACF.L

Macfarlane Group Plc
Macfarlane Group PLC - Issue of Shares
19th March 2024, 07:00
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RNS Number : 2999H
Macfarlane Group PLC
19 March 2024
 

 

19 March 2024

Macfarlane Group PLC

Issue of shares

Macfarlane announces that, in respect of the planned settlement of awards maturing under the Company's 2016 Performance Share Plan ("PSP"), it has issued and allotted, subject to admission to trading, expected on 22 March 2024 ("Admission"), in aggregate 648,000 ordinary shares of 25 pence each in the capital of the Company ("New Ordinary Shares").

The New Ordinary Shares were subscribed for by the Company's employee benefit trust.

Application has been made for the New Ordinary Shares to be admitted to listing on the premium listing segment of the Official List of the Financial Conduct Authority ("FCA") and to be admitted to trading on the main market for listed securities of the London Stock Exchange plc and dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 22 March 2024. The New Ordinary Shares will rank pari-passu with the Company's existing issued ordinary shares. 

Total Voting Rights

Following Admission of the New Ordinary Shares, the total number of ordinary shares in issue will be 159,600,000. The Company does not hold any ordinary shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Further enquiries:

Macfarlane Group

Tel: 0141 333 9666


Peter Atkinson             Chief Executive



Ivor Gray                      Finance Director





 

Spreng Thomson



Callum Spreng

Mob: 07803 970103

 

Legal Entity Identifier (LEI):  213800LVRYDERSJAAZ73

 

 

Notes to Editors:

 

·    Macfarlane Group PLC has been listed on the Premium segment of the Main Market of the London Stock Exchange (LSE: MACF) since 1973 with over 70 years' experience in the UK packaging industry.

·    Through its two divisions, Macfarlane Group services a broad range of business customers, supplying them with high quality protective packaging products which help customers reduce supply chain costs, improve operational efficiencies and sustainability and enhance their brand presentation. The divisions are:

o  Packaging Distribution - Macfarlane Packaging Distribution is the leading UK distributor of a comprehensive range of protective packaging products; and

o  Manufacturing Operations - Macfarlane Design and Manufacture is a UK market leader in the design and production of protective packaging for high value and fragile products.

·    Headquartered in Glasgow, Scotland, Macfarlane Group employs over 1,000 people at 39 sites, principally in the UK, as well as in Ireland, Germany and the Netherlands.

·      Macfarlane Group supplies more than 20,000 customers, principally in the UK and Europe.

·     In partnership with 1,700 suppliers, Macfarlane Group distributes and manufactures 600,000+ lines supplying to a wide range of sectors, including: retail e-commerce; consumer goods; food; logistics; mail order; electronics; defence; medical; automotive; and aerospace.

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