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:
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Macfarlane Group
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Tel: 0141 333 9666
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Peter Atkinson
Chief Executive
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Ivor Gray
Finance Director
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Spreng Thomson
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Callum Spreng
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Mob: 07803 970103
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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.