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Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £315.7m
Enterprise Value £448.2m
Revenue £721.4m
Position in Universe 718th / 1805

Motorpoint Group plc - Awards granted under the Performance Share Plan

Wed 16th June, 2021 4:08pm
RNS Number : 1487C
Motorpoint Group plc
16 June 2021
 

16 June 2021

Motorpoint Group Plc

("Motorpoint" or the "Company")

Awards granted under the Performance Share Plan

Motorpoint, the UK's leading independent omni-channel vehicle retailer announces that on 16 June 2021 (the "Grant Date") awards of Restricted Shares over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") were made under the Company's Performance Share Plan ("PSP") to the Persons Discharging Managerial Responsibilities as set out below (the "Awards").

The Awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and are subject to the terms of the PSP. The Options ordinarily vest on the third, fourth and fifth anniversaries of the grant (in 50%, 25% and 25% portions respectively) and are subject to the grantee's continued service and a performance condition requiring the Remuneration Committee of the Company to be satisfied that the business performance is robust and sustainable, and that management has strengthened the business. Following the vesting of the Options, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the Grant Date.

 

NAME

Number of Options granted

Total number of options over Ordinary Shares as at Grant Date

Total number of options over Ordinary Shares held as a percentage of current issued share capital as at Grant Date

Mark Carpenter (CEO)

95,558

436,589

0.48%

Chris Morgan (CFO)

69,621

0

0.08%

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.

 

Enquiries:

 

Motorpoint Group PLC

Chris Morgan, Company Secretary

via FTI Consulting

 

FTI Consulting (Financial PR)

Alex Beagley

James Styles

Sam Macpherson

 

020 3727 1000

 

Notes to editors

Motorpoint is the UK's leading independent omnichannel vehicle retailer, selling through its E-commerce platforms of Motorpoint.co.uk and Auction4Cars.com and 14 retail branches. The Group's principal business is the sale of nearly-new vehicles, which are up to three years old and have covered less than 30,000 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 branches across the United Kingdom: Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton on Tees, Swansea and Widnes, of which six have opened in the last five years; together with E-commerce channels for retail and trade, supported by a customer contact centre.

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

 

Identification code

 

Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares")

GB00BD0SFR60

 

b)

 

Nature of the transaction

 

Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil cost option

 

95,558 Options over Ordinary Shares

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

95,558

Nil

e)

 

Date of the transaction

 

 

16 June 2016

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

 

Identification code

 

Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares")

GB00BD0SFR60

 

b)

 

Nature of the transaction

 

Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

Nil cost option

 

69,621 Options over Ordinary Shares

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

69,621

Nil

e)

 

Date of the transaction

 

 

16 June 2021

f)

 

Place of the transaction

 

Outside of a trading venue

 

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