TIDMAUTO

RNS Number : 9981P

Auto Trader Group plc

23 June 2022

23 June 2022

Auto Trader Group plc ("Auto Trader", the "Company", or "the Group")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Grant of Awards under the Company's Deferred Annual Bonus Plan ("DABP")

The following PDMRs were granted nil cost option awards over ordinary shares of GBP0.01 each under the Auto Trader Group DABP as noted below:

 
 Name                               Number of 
                                 Shares under 
                                       Awards 
 Nathan Coe (Director)                  54786 
                               -------------- 
 Catherine Faiers (Director)            26332 
                               -------------- 
 Jamie Warner (Director)                27586 
                               -------------- 
 

Subject to the terms of the DABP, the awards will ordinarily vest and become exercisable as from the second anniversary of the grant of the awards subject to the grantee's continued service.

Once exercisable, the awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.

The Company was notified of the above transactions on 23 June 2022. The transactions took place in the United Kingdom.

Grant of Awards under the Company's Performance Share Plan ("PSP")

The following PDMRs were granted nil cost option awards over ordinary shares of GBP0.01 each under the Auto Trader PSP as noted below:

 
 Name                           Number of Shares 
                                    under Awards 
 Nathan Coe (Director)                    194795 
                               ----------------- 
 Catherine Faiers (Director)               81021 
                               ----------------- 
 Jamie Warner (Director)                   84879 
                               ----------------- 
 

Subject to the terms of the PSP, the awards will ordinarily vest and become exercisable as from the third anniversary of the grant of the awards. The awards will be subject to the grantee's continued service and the extent to which Group Operating profit growth, Group Revenue growth and Carbon reduction performance conditions are met over a measurement period comprising three financial years ending on 31 March 2025, and subject to a Diversity underpin, as outlined in the 2022 Annual Report

In line with best practice and shareholder expectations, the Remuneration Committee shall retain discretion to adjust the vesting outcome if it is not considered to be reflective of underlying financial or non-financial performance of the business or the performance of the individual over the performance period, or where the outcome is not considered appropriate in the context of the experience of shareholders or other stakeholders.

Once exercisable, awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.

The Company was notified of the above transactions on 23 June 2022. The transactions took place in the United Kingdom.

This notification is in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014. The notification of dealing forms can be found below.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Nathan Coe 
      --------------------------------  ----------------------------------------------- 
 2)    Reason for the notification 
      --------------------------------------------------------------------------------- 
 a)    Position/status                   Chief Executive Officer 
      --------------------------------  ----------------------------------------------- 
 b)    Initial notification/Amendment    Initial notification 
      --------------------------------  ----------------------------------------------- 
 3     Details of the issuer 
      --------------------------------------------------------------------------------- 
 a)    Name                              Auto Trader Group plc 
      --------------------------------  ----------------------------------------------- 
 b)    LEI                               213800QLK9BZILB1DI86 
      --------------------------------  ----------------------------------------------- 
 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                Ordinary shares of 1 pence each 
        financial instrument,             ISIN: GB00BVYVFW23 
        type of instrument. 
        Identification code 
      --------------------------------  ----------------------------------------------- 
 b)    Nature of the transaction         Grant of nil cost options over ordinary 
                                          shares of 1 pence 
      --------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)           Volume(s) 
      --------------------------------  -----------------  ----------  ---------------- 
                                         GBP0                54,786     DABP 
      --------------------------------  -----------------  ----------  ---------------- 
                                         GBP0                194,795    PSP 
      --------------------------------  -----------------  ----------  ---------------- 
 d)    Aggregated information            Aggregate Price    Aggregate   Aggregate Total 
                                                             Volume 
      --------------------------------  -----------------  ----------  ---------------- 
   GBP0                                                      249,581 
  -------------------------------------------------------  ----------  ---------------- 
 e)    Date of the transaction           23 June 2022 
      --------------------------------  ----------------------------------------------- 
 f)    Place of the transaction          Outside of a trading venue 
      --------------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Catherine Faiers 
     -------------------------------  -------------------------------------------- 
 2)   Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Chief Operating Officer 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer 
     ----------------------------------------------------------------------------- 
 a)   Name                             Auto Trader Group plc 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              213800QLK9BZILB1DI86 
     -------------------------------  -------------------------------------------- 
 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               Ordinary shares of 1 pence each 
       financial instrument,            ISIN: GB00BVYVFW23 
       type of instrument. 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of nil cost options over ordinary 
                                        shares of 1 pence 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
     -------------------------------  ------------  -----------  ----------------- 
                                       GBP0            26,332     DABP 
     -------------------------------  ------------  -----------  ----------------- 
                                       GBP0            81,021     PSP 
     -------------------------------  ------------  -----------  ----------------- 
 d)   Aggregated information           Aggregate     Aggregate    Aggregate Total 
                                        Price         Volume 
     -------------------------------  ------------  -----------  ----------------- 
                                       GBP0           107,353     n/a 
     -------------------------------  ------------  -----------  ----------------- 
 e)   Date of the transaction          23 June 2022 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  -------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Jamie Warner 
     -------------------------------  -------------------------------------------- 
 2)   Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer 
     -------------------------------  -------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  -------------------------------------------- 
 3    Details of the issuer 
     ----------------------------------------------------------------------------- 
 a)   Name                             Auto Trader Group plc 
     -------------------------------  -------------------------------------------- 
 b)   LEI                              213800QLK9BZILB1DI86 
     -------------------------------  -------------------------------------------- 
 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               Ordinary shares of 1 pence each 
       financial instrument,            ISIN: GB00BVYVFW23 
       type of instrument. 
       Identification code 
     -------------------------------  -------------------------------------------- 
 b)   Nature of the transaction        Grant of nil cost options over ordinary 
                                        shares of 1 pence 
     -------------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)      Volume(s) 
     -------------------------------  ------------  -----------  ----------------- 
                                       GBP0            27,586     DABP 
     -------------------------------  ------------  -----------  ----------------- 
                                       GBP0            84,879     PSP 
     -------------------------------  ------------  -----------  ----------------- 
 d)   Aggregated information           Aggregate     Aggregate    Aggregate Total 
                                        Price         Volume 
     -------------------------------  ------------  -----------  ----------------- 
                                       GBP0           112,465     n/a 
     -------------------------------  ------------  -----------  ----------------- 
 e)   Date of the transaction          23 June 2022 
     -------------------------------  -------------------------------------------- 
 f)   Place of the transaction         Outside of a trading venue 
     -------------------------------  -------------------------------------------- 
 

Enquiries:

 
Auto Trader 
 Claire Baty, Company Secretary   0345 111 0006 
 

About Auto Trader

Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Our marketplace sits at the heart of the vehicle buying process, with the largest number of car buyers and the largest choice of trusted stock. Auto Trader exists to grow both its car buying audience and core advertising business. It will change how the UK shops for cars by providing the best online car buying experience, enabling all retailers to sell online. We aim to build stronger partnerships with our customers, use our voice and influence to drive more environmentally friendly vehicle choices and create an inclusive and diverse culture. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index.

For more information, please visit: https://plc.autotrader.co.uk/

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