REG - Motorpoint Group plc - Grant of Options under SAYE Scheme
RNS Number : 4205JMotorpoint Group plc22 December 202022 December 2020
Motorpoint Group Plc
("Motorpoint" or "the Company")
Grant of Options under SAYE Scheme
Motorpoint, the UK's largest independent omni-channel vehicle retailer, is pleased to announce that it has launched its 2021 Save As You Earn ("SAYE") share scheme for all its permanent employees on 21 December 2020.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Shares") at an exercise price of 277.2 pence, representing a 10% discount to the closing middle market price of the Shares on 29 November 2020 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 February 2021 and are exercisable between 1 February 2024 and 31 July 2024.
A total of 253 employees out of 804 elected to participate, and pursuant to these elections a total of 259,001 Shares under Option have been granted, equating to 0.29% of the current issued share capital.
Mark Carpenter, Chief Executive Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the 2021 SAYE scheme he has 1,298 Shares under Option.
As a result of these Option grants, the above individual's direct interests in Shares are as follows:
Director / PDMR
Shares held
Number of Options granted
Total number of options over Shares
Total interest in Shares as a percentage of current issued share capital (%)
Mark Carpenter
8,877,759
1,298
344,359
10.23%
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.
Contact Information:
Motorpoint Group Plc (www.motorpointplc.com)
Manjit Virk, Company Secretary
Via FTI Consulting
FTI Consulting (Financial PR)
Alex Beagley
James Styles
020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 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 sites across the United Kingdom; Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton on Tees, Swansea and Widnes; together with a national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and www.motorpoint.co.uk.
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 Options under the Motorpoint Group Plc Sharesave Plan 2021
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Option Price 277.2 pence
1298 options over Ordinary Shares
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
21.12.2020
f)
Place of the transaction
Outside of a trading venue
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