20 December 2024
Motorpoint Group plc
("Motorpoint", the "Group" or the "Company")
Grant of
Options under SAYE Scheme
Motorpoint Group plc, the UK's
leading independent omnichannel vehicle retailer, is pleased to
announce that it launched its 2025 Save As You Earn ("SAYE") share scheme for all its
permanent employees on 20 December 2024. The SAYE scheme is
approved by HM Revenue and Customs.
Eligible employees were invited to
subscribe for options over the Company's Ordinary Shares of 1 pence
each ("Shares") at an
exercise price of 117.75 pence, representing a 10% discount to the
average closing middle market price of the Shares over the three
day period ending on 2 December 2024 ("Options"), the dealing day before the
invitation to participate was made. The exercise price was
calculated in accordance with the rules of the SAYE scheme. The
Options have a contract start date of 1 February 2025 and are
exercisable between 1 February 2028 and 31 July 2028.
A total of 320 employees (including
two persons discharging managerial responsibility ("PDMRs")) elected to participate in the
SAYE scheme. Pursuant to these elections, a total of
1,112,494 Shares under Option were granted on 20 December 2043,
equating to 1.28% of the current issued share capital.
Mark Carpenter, Chief Executive
Officer of the Company, and Chris Morgan, Chief Financial Officer,
both PDMRs, elected to participate in the SAYE scheme and are
included in the total figures above. Pursuant to the 2025 SAYE
scheme, they each have 4,700 Shares under Option.
The notifications at the end of the
announcement, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further detail of the Options
granted.
For further information, please
contact:
|
Motorpoint Group PLC
Mark Carpenter, Chief Executive
Officer
|
via FTI Consulting
|
|
Chris Morgan, Chief Financial
Officer
FTI
Consulting (Financial PR)
Alex Beagley
Amy Goldup
Harriet Jackson
|
020 3727 1000
|
Notes to editors
Motorpoint is the UK's leading
independent E-commerce led omnichannel vehicle retailer, focused on
giving retail and trade customers the easiest, most affordable and
seamless way of buying, selling and financing their car whether
online, in-store or a combination of both. Through its leading B2C
platform Motorpoint.co.uk and UK network of 21 sales and collection
branches, where consumers can effortlessly browse, buy or finance
their next car and collect or have it delivered directly to their
homes. Motorpoint's purely online wholesale platform
Auction4Cars.com
sells vehicles into the wholesale B2B market that
have been part exchanged by retail customers, or purchased directly
from them by the Group as part of its online car buying service.
Motorpoint's diversified business model, underpinned by its
established brand, industry leading technology and sophisticated
marketing infrastructure, always delivers the best choice, value,
service and quality for customers. The Group is proud to have been
recognised for nine consecutive years as one of the Top 100 Best
Companies to Work For.
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 instrument
|
Ordinary shares
of £0.01 each in Motorpoint Group
plc ("Ordinary Shares")
|
|
|
|
|
Identification code
|
GB00BD0SFR60
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of
Options under Motorpoint Group plc Share Plan 2021
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
Option Price
117.75 pence
|
4,700
Options over Ordinary Shares
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
4,700
|
|
|
|
|
- Price
|
Option Price 117.75 pence
|
|
|
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Chris Morgan
|
|
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 instrument
|
Ordinary shares
of £0.01 each in Motorpoint Group
plc ("Ordinary Shares")
|
|
|
|
|
Identification code
|
GB00BD0SFR60
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of
Options under Motorpoint Group plc Share Plan 2021
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
Option Price 117.75 pence
|
4,700 Options over Ordinary Shares
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
4,700
|
|
|
|
|
- Price
|
Option price 117.75 pence
|
|
|
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
