REG - Auto Trader Grp - Director/PDMR Shareholding

Auto TraderAnnouncement

23/06/2022 13:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220623:nRSW9981Pa&default-theme=true

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 £0.01 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 £0.01 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 financial instrument, type of instrument.  Ordinary shares of 1 pence each

     Identification code                                           ISIN: GB00BVYVFW23
 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 Volume      Aggregate Total

                                                                   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 financial instrument, type of instrument.  Ordinary shares of 1 pence each

     Identification code                                           ISIN: GB00BVYVFW23
 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 Price       Aggregate Volume      Aggregate Total

     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 financial instrument, type of instrument.  Ordinary shares of 1 pence each

     Identification code                                           ISIN: GB00BVYVFW23
 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 Price       Aggregate Volume      Aggregate Total

     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                      0345 111 0006
 Claire Baty, Company Secretary

 

 

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/
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fplc.autotrader.co.uk%2F&data=04%7C01%7CClaire.Pickering%40autotrader.co.uk%7C545291c5531f4f92f25008d93185e917%7C926f3743f3d24b8a816818cfcbe776fe%7C0%7C0%7C637595273467567064%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=tYtunvdJYZNGtm7utt9%2FOzPRiUa80RU8IwioO5sskVw%3D&reserved=0)

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUOSARUWUNUAR