REG - Auto Trader Grp - Director/PDMR Shareholding

Auto TraderAnnouncement

20/09/2024 10:00

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RNS Number : 9303E  Auto Trader Group plc  20 September 2024

20 Sept 2024

 

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 2024 Long Term Incentive Plan ("LTIP")

The following PDMRs were granted nil cost option awards over ordinary shares
of £0.01 each under the LTIP as noted below:

 

 Name                         Number of Shares under Awards
 Nathan Coe (Director)         235,118
 Catherine Faiers (Director)   105,198
 Jamie Warner (Director)       116,887

 

Subject to the terms of the LTIP, the awards will ordinarily vest and become
exercisable from the later of; the date on which the Committee determines the
extent to which the applicable performance conditions have been satisfied and
26 June 2027.

 

The awards will be subject to the grantee's continued service and the extent
to which performance conditions are met over a measurement period comprising
three consecutive financial years ending with the 2026/27 financial year. The
performance conditions are as outlined in the DRR in the 2024 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 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 20 September 2024. The
transactions took place in the United Kingdom.

 

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 option over ordinary shares of 1 pence
 c)  Price(s) and volume(s)                                        Price(s)              Volume(s)
     GBP0                                                                                235,118
 d)  Aggregated information                                        N/A single transaction

 e)  Date of the transaction                                       20 September 2024
 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 option over ordinary shares of 1 pence
 c)  Price(s) and volume(s)                                        Price(s)              Volume(s)
     GBP0                                                                                105,198
 d)  Aggregated information                                        N/A single transaction

 e)  Date of the transaction                                       20 September 2024
 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 option over ordinary shares of 1 pence
 c)  Price(s) and volume(s)                                        Price(s)              Volume(s)
     GBP0                                                                                116,887
 d)  Aggregated information                                        N/A single transaction

 e)  Date of the transaction                                       20 September 2024
 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's largest automotive platform. It listed on
the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.

 

Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is
committed to creating a diverse and inclusive culture, it aims to build
stronger partnerships with its customers and use its voice and influence to
drive more environmentally friendly vehicle choices.

 

With the largest number of car buyers and the largest choice of trusted stock,
Auto Trader's marketplace sits at the heart of the UK car buying process. That
marketplace is built on an industry-leading technology and data platform,
which is increasingly used across the automotive industry. Auto Trader is
continuing to bring more of the car buying journey online, creating an
improved buying experience, whilst enabling all its retailer partners to sell
vehicles online.

 

Auto Trader publishes a monthly used car Retail Price Index which is based on
pricing analysis of circa 800,000 unique vehicles. The same data that powers
the Index is used by the Office for National Statistics to make the UK's
official measures of inflation more robust, as well as the Bank of England to
feed the broader UK economic indicators.

 

 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=05%7C02%7CClaire.Pickering%40autotrader.co.uk%7C5b06d8a6989b4771c4a908dc95086602%7C926f3743f3d24b8a816818cfcbe776fe%7C0%7C0%7C638549110525637654%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=lWv6xjm58fGrSndGPdPBAKRLWroFWerO38xR9grNgKo%3D&reserved=0)

 

 

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