Motorpoint Group plc Grant of Options under SAYE Scheme (4205J)
22 December 2020 - 6:00PM
UK Regulatory
TIDMMOTR
RNS Number : 4205J
Motorpoint Group plc
22 December 2020
22 December 2020
Motorpoint Group Plc
(" Motorpoint " or "the Company")
Grant of Options under SAYE Scheme
Motorpoint, the UK's largest independent omni-channel vehicle
retailer, is pleased to announce that it has launched its 2021 Save
As You Earn ("SAYE") share scheme for all its permanent employees
on 21 December 2020.
Eligible employees were invited to subscribe for options over
the Company's Ordinary Shares of 1 pence each ("Shares") at an
exercise price of 277.2 pence, representing a 10% discount to the
closing middle market price of the Shares on 29 November 2020
("Options"), the dealing day before the invitation to participate
was made. The Options have a contract start date of 1 February 2021
and are exercisable between 1 February 2024 and 31 July 2024.
A total of 253 employees out of 804 elected to participate, and
pursuant to these elections a total of 259,001 Shares under Option
have been granted, equating to 0.29% of the current issued share
capital.
Mark Carpenter, Chief Executive Officer of the Company, has
elected to participate in the SAYE scheme and is included in the
total figures above. Pursuant to the 2021 SAYE scheme he has 1,298
Shares under Option.
As a result of these Option grants, the above individual's
direct interests in Shares are as follows:
Director / PDMR Shares held Number of Options granted Total number of options Total interest in Shares
over Shares as a percentage of current
issued share capital (%)
Mark Carpenter 8,877,759 1,298 344,359 10.23%
------------ -------------------------- ---------------------------- ---------------------------
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.
Contact Information:
Motorpoint Group Plc (www.motorpointplc.com) Via FTI Consulting
Manjit Virk, Company Secretary
FTI Consulting (Financial PR)
Alex Beagley
James Styles 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Group'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 14 retail sites across the United
Kingdom; Birmingham, Birtley, Burnley, Castleford, Chingford,
Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton
on Tees, Swansea and Widnes; 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 Initial Notification
/Amendment
-------------------------- ------------------------------------------
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 Ordinary shares of GBP0.01 each in
financial instrument, Motorpoint Group plc ("Ordinary Shares)
type of instrument GB00BD0SFR60
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction Grant of Options under the Motorpoint
Group Plc Sharesave Plan 2021
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Option Price 1298 options
277.2 pence over Ordinary
Shares
---------------
-------------------------- ------------------------------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 21.12.2020
-------------------------- ------------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------- ------------------------------------------
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END
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