Auto Trader Group plc Director/PDMR Shareholding (9981P)
23 June 2022 - 9:49PM
UK Regulatory
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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