Marshall Motor Holdings PLC Exercise of Share Options (9040X)
24 December 2019 - 6:00PM
UK Regulatory
TIDMMMH
RNS Number : 9040X
Marshall Motor Holdings PLC
24 December 2019
24 December 2019
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Vesting of 2016 LTIP, Director Shareholdings and Total Voting
Rights
Marshall Motor Holdings Plc, one of the UK's leading automotive
retail groups, announces that on 23 December 2019 certain Directors
and persons discharging managerial responsibilities ('PDMRs') of
the Company exercised nil cost options over ordinary shares in the
Company ("Shares") (the "2016 LTIPs") granted under the Marshall
Motor Holdings Plc Performance Share Plan ("PSP").
In addition, the Company's Remuneration Committee has determined
that, taking into account the Company's performance over the
performance period (being the three financial years ended 31
December 2018), further Shares would be awarded to those Directors
and PDMRs for nil cost by the trustee of the MMH Employee Benefit
Trust, with those further Shares subject to the same holding period
that applies to the 2016 LTIPs.
As a result, the interests of the following Directors and PDMRs
in Shares have changed as follows:
Name Position Number of Number of Resultant % holding of
new Shares Shares* awarded interest total issued
over which by Trustee in Shares share capital
2016 LTIPs of Company
exercised*
--------------- -------------------- ----------- ---------------- ---------- --------------
Daksh Gupta Chief Executive 39,994 69,993 1,451,111 1.85%
Jamie Crowther Operations Director 5,999 10,499 65,490 0.08%
Stephen Jones Company Secretary 4,499 7,874 39,051 0.05%
*associated tax and national insurance contribution liabilities
arising in respect of the exercise of the 2016 LTIPs and delivery
of additional shares have already been cash settled.
A further 9,297 new Shares were issued pursuant to exercise of
the 2016 LTIPs by persons other than directors or PDMRs. An
application for admission to trading of the 59,789 total new Shares
issued and allotted pursuant to the 2016 LTIPs as set out above has
today been submitted to London Stock Exchange plc and admission is
expected to become effective on 31 December 2019.
Following admission of the new Shares, the Company hereby
notifies that, as at the date of this announcement, the Company's
issued share capital consists of 78,232,237 Shares, with each share
carrying the right to one vote. The Company does not hold any
Shares in Treasury. Therefore, the total number of Shares in the
Company with voting rights is 78,232,237. The above figure of
78,232,237 Shares 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 and Transparency Rules.
Details of the notifications received by the Company are set out
below:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Daksh Gupta
2 Reason for notification
a) Position/status Chief Executive
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Marshall Motor Holdings plc
b) LEI 213800BP3HZWHDWXAY78
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 Ordinary shares of 64p each
instrument, type of instrument GB00BVYB2Q58
Identification code
b) Nature of the transaction 1. Acquisition of Shares for nil cost
in connection with the Marshall Motor
Holdings plc Performance Share Plan
2. Award of Shares
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBPNil 39,994
2. GBPNil 69,993
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 23 December 2019
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jamie Crowther
2 Reason for notification
a) Position/status Operations Director
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Marshall Motor Holdings plc
b) LEI 213800BP3HZWHDWXAY78
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 Ordinary shares of 64p each
instrument, type of instrument GB00BVYB2Q58
Identification code
b) Nature of the transaction 1. Acquisition of Shares for nil cost
in connection with the Marshall Motor
Holdings plc Performance Share Plan
2. Award of Shares
c) Price(s) and volume(s) Price(s) Volume(s)
1. GBPNil 5,999
2. GBPNil 10,499
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 23 December 2019
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Jones
2 Reason for notification
a) Position/status Company Secretary
b) Initial notification Initial Notification
/Amendment
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
a) Name Marshall Motor Holdings plc
b) LEI 213800BP3HZWHDWXAY78
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 Ordinary shares of 64p each
instrument, type of instrument GB00BVYB2Q58
Identification code
b) Nature of the transaction 1. Acquisition of Shares for nil cost
in connection with the Marshall Motor
Holdings plc Performance Share Plan
2. Award of Shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBPNil 4,499
GBPNil 7,874
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 23 December 2019
f) Place of the transaction Outside a trading venue
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler Tel: +44 (0)
20 7796 4133
Daksh Gupta, Chief Executive Officer
Richard Blumberger, Chief Financial
Officer
Investec Bank plc (NOMAD & Broker) Tel: +44 (0) 20 7597 5970
Christopher Baird
David Flin
David Anderson
Hudson Sandler Tel: +44 (0) 20 7796 4133
Nick Lyon
Bertie Berger
Nick Moore
Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new
and used vehicles. The Group's businesses comprise a total of 119
franchises covering 24 brands, operating from 96 locations across
28 counties in England. In addition, the Group operates six trade
parts specialists, two used car centres, six standalone body shops
and one pre delivery inspection centre.
In May 2019 the Group was recognised by the Great Place to Work
Institute, being ranked the 11th best place to work in the UK
(super large company category). This was the ninth year in
succession that the Group has achieved Great Place to Work
status.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHKXLFLKLFZFBQ
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