Motorpoint Group plc Grant under Performance Share Plan (4560V)
23 July 2018 - 8:21PM
UK Regulatory
TIDMMOTR
RNS Number : 4560V
Motorpoint Group plc
23 July 2018
23 July 2018
Motorpoint Group Plc
("Motorpoint" or "the Company")
Grant under Performance Share Plan
Motorpoint, the UK's largest independent vehicle retailer
announces that on 20 July 2018 awards over ordinary shares of
GBP0.01 each in the capital of the Company ("Ordinary Shares") were
made under the Motorpoint Group Plc Performance Share Plan ("PSP")
to the Directors/Persons Discharging Managerial Responsibilities as
set out below.
The awards set out below are in the form of nil cost options
over Ordinary Shares ("Options") and were granted under and subject
to the terms of the PSP. The Options ordinarily vest on the third
anniversary of the grant and are subject to the grantee's continued
service and certain performance conditions relating to the
Company's EPS over a three year measurement period starting at the
beginning of FY18. Following the vesting of the Options, any vested
Ordinary Shares are subject to a holding period which expires on
the second anniversary of the date on which the Options vest,
during which time they may not be sold. The Options shall
ordinarily remain exercisable until the eve of the tenth
anniversary of the grant date.
NAME Number of Options granted Total number of options over Total number of options over
Ordinary Shares Ordinary Shares held as a
percentage of current issued share
capital
Mark Carpenter 106,339 417,077 0.43%
-------------------------- ----------------------------------- -----------------------------------
James Gilmour 83,403 308,600 0.31%
-------------------------- ----------------------------------- -----------------------------------
Jon Baird 25,021 89,408 0.09%
-------------------------- ----------------------------------- -----------------------------------
The notifications at the end of the announcement, made in
accordance with the requirements of the EU Market Abuse Regulation,
provide further detail of the Options granted.
Enquiries:
Motorpoint Group plc Via FTI Consulting
Manjit K Virk, Company Secretary
FTI Consulting (Financial PR)
Alex Beagley
James Styles
Fern Duncan 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Company's principal business is the sale of
nearly-new vehicles, the majority of which are up to two years old
and which have covered less than 15,000 miles. Motorpoint sells
vehicles from brands representing over 95 per cent. of new vehicle
sales in the United Kingdom, with models from Ford, Vauxhall,
Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top
sellers. The Group operates from 12 retail sites across the United
Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford,
Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of
which four have opened in the last three years; together with a
national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and
www.motorpoint.co.uk.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mark Carpenter
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Motorpoint Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WG8RSE45I3MF22
-------------------------------------------------------- -------------------------------------------------------
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 instrument, type of Ordinary shares of GBP0.01 each in Motorpoint Group
instrument plc ("Ordinary Shares)
GB00BD0SFR60
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Options under the Motorpoint Group Plc
Performance Share Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost option 106,339 options
over Ordinary
Shares
----------------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 20.07.2018
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name James Gilmour
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Motorpoint Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WG8RSE45I3MF22
-------------------------------------------------------- -------------------------------------------------------
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 instrument, type of Ordinary shares of GBP0.01 each in Motorpoint Group
instrument plc ("Ordinary Shares)
GB00BD0SFR60
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Options under the Motorpoint Group Plc
Performance Share Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost option 83,403 options
over Ordinary
Shares
---------------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 20.07.2018
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Jon Baird
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Person Discharging Managerial Responsibilities
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification /Amendment Initial Notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Motorpoint Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800WG8RSE45I3MF22
-------------------------------------------------------- -------------------------------------------------------
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 instrument, type of Ordinary shares of GBP0.01 each in Motorpoint Group
instrument plc ("Ordinary Shares)
GB00BD0SFR60
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Options under the Motorpoint Group Plc
Performance Share Plan
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil cost option 25,021 options
over Ordinary
Shares
---------------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 20.07.2018
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------------------------------- -------------------------------------------------------
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
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of this information may apply. For further information, please
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END
DSHBXLFLVDFFBBK
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