REG - Motorpoint Group plc - Grant under Performance Share Plan

MotorpointAnnouncement

23/07/2018 11:25

RNS Number : 4560V
Motorpoint Group plc
23 July 2018
 


23 July 2018
Motorpoint Group Plc
("Motorpoint" or "the Company")
Grant under Performance Share Plan
Motorpoint, the UK's largest independent vehicle retailer announces that on 20 July 2018 awards over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") were made under the Motorpoint Group Plc Performance Share Plan ("PSP") to the Directors/Persons Discharging Managerial Responsibilities as set out below.
The awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and subject to the terms of the PSP. The Options ordinarily vest on the third anniversary of the grant and are subject to the grantee's continued service and certain performance conditions relating to the Company's EPS over a three year measurement period starting at the beginning of FY18. Following the vesting of the Options, any vested Ordinary Shares are subject to a holding period which expires on the second anniversary of the date on which the Options vest, 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


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




Mark Carpenter


106,339


417,077


0.43%




James Gilmour


83,403


308,600


0.31%




Jon Baird


25,021


89,408


0.09%



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
Manjit K Virk, Company Secretary
 


 
Via FTI Consulting




FTI Consulting (Financial PR)
Alex Beagley
James Styles
Fern Duncan


020 3727 1000



 
Notes to editors
Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company'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 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which four have opened in the last three years; 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 Performance Share Plan




c)
 


Price(s) and volume(s)
 
 


 



Price(s)


Volume(s)




Nil cost option
 


106,339 options over Ordinary Shares








d)
 


Aggregated information
 
- Aggregated volume
- Price
 


 
 
N/A (single transaction)




e)
 


Date of the transaction
 
 


20.07.2018




f)
 


Place of the transaction
 


Outside of a trading venue







 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


James Gilmour
 




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 Options under the Motorpoint Group Plc Performance Share Plan




c)
 


Price(s) and volume(s)
 
 


 



Price(s)


Volume(s)




Nil cost option
 


83,403 options over Ordinary Shares








d)
 


Aggregated information
 
- Aggregated volume
- Price
 


 
 
N/A (single transaction)
 




e)
 


Date of the transaction
 
 


20.07.2018




f)
 


Place of the transaction
 


Outside of a trading venue







 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Jon Baird
 




2
 


Reason for the notification
 




a)
 


Position/status
 


Person Discharging Managerial Responsibilities




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 Performance Share Plan




c)
 


Price(s) and volume(s)
 
 


 



Price(s)


Volume(s)




Nil cost option
 


25,021 options over Ordinary Shares








d)
 


Aggregated information
 
- Aggregated volume
- Price
 


 
 
N/A (single transaction)
 




e)
 


Date of the transaction
 
 


20.07.2018




f)
 


Place of the transaction
 


Outside of a trading venue



 




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