RNS Number : 4074O
Auto Trader Group plc
25 June 2025
25 June 2025
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 on 25 June 2025 under the LTIP as noted below:
Name
Number of Shares under Awards
Nathan Coe (Director)
215,648
Catherine Faiers (Director)
96,487
Jamie Warner (Director)
107,208
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 25 June 2028.
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 2027/28 financial year. The performance conditions are as outlined in the DRR in the 2025 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.
Grant of Awards under the Company's 2024 Deferred Bonus Plan ("DBP")
The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each on 25 June 2025 under the Auto Trader Group DBP as noted below:
Name
Number of Shares under Awards
Nathan Coe (Director)
27,818
Catherine Faiers (Director)
13,484
Jamie Warner (Director)
14,982
Subject to the terms of the DBP, the awards will ordinarily vest and become exercisable as from 25 June 2027 subject to the grantee's continued service.
Once exercisable, the 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 25 June 2025. 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. Identification code
Ordinary shares of 1 pence each 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
215,648
LTIP
GBP0
27,818
DBP
d)
Aggregated information
Aggregate Price
Aggregate Volume
Aggregate Total
GBP0
243,466
n/a
e)
Date of the transaction
25 June 2025
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. Identification code
Ordinary shares of 1 pence each 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
96,487
LTIP
GBP0
13,484
DBP
d)
Aggregated information
Aggregate Price
Aggregate Volume
Aggregate Total
GBP0
109,971
n/a
e)
Date of the transaction
25 June 2025
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. Identification code
Ordinary shares of 1 pence each 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
107,208
LTIP
GBP0
14,982
DBP
d)
Aggregated information
Aggregate Price
Aggregate Volume
Aggregate Total
GBP0
122,190
n/a
e)
Date of the transaction
25 June 2025
f)
Place of the transaction
Outside of a trading venue
Enquiries:
Auto TraderClaire Baty, Company Secretary
0345 111 0006
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 improving the efficiency of car buying and selling in the UK, to building stronger partnerships with customers, using its influence to drive more environmentally friendly vehicle choices and enabling this through a culture that enables our people to develop and perform. 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 each day. This data is used by the Bank of England to feed the broader UK economic indicators.
For more information, please visit: https://plc.autotrader.co.uk/
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