REG - Motorpoint Group plc - Awards granted under the Performance Share Plan

MotorpointAnnouncement

23/06/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220623:nRSW8666Pa&default-theme=true

RNS Number : 8666P  Motorpoint Group plc  23 June 2022

23 June 2022

Motorpoint Group plc

("Motorpoint", the "Group" or the "Company")

 

Awards granted under the Performance Share Plan

 

Motorpoint, the UK's leading independent omnichannel vehicle retailer,
announces that on 22 June 2022 (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). The
Options 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 the
executive directors and senior management have strengthened the business.
Following the vesting of the Options held, 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  128,627                    459,575                                                        0.51%

 (CEO)
 Chris Morgan    93,482                     164,407                                                        0.18%

 (CFO)

 

 

 Motorpoint Group PLC                      via FTI Consulting

 Mark Carpenter, Chief Executive Officer
 Chris Morgan, Chief Financial Officer

 FTI Consulting (Financial PR)             020 3727 1000

 Alex Beagley

 Sam Macpherson

 Harriet Jackson

 Amy Goldup

 

 

Notes to editors

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle
retailer, focused on giving retail and trade customers the easiest, most
affordable and seamless way of buying, selling and financing their car whether
online, in-store or a combination of both. Through its leading B2C platform
Motorpoint.co.uk and UK network of 17 sales and collection branches, the Group
provides an unrivalled offering in the nearly new car market, where consumers
can effortlessly browse, buy or finance their next car and collect or have it
delivered directly to their homes. Motorpoint's purely online wholesale
platform Auction4Cars.com (http://auction4cars.com/)  sells vehicles into
the wholesale B2B market that have been part exchanged by retail
customers, or purchased directly from them by the Group as part of its online
car buying service. Motorpoint's diversified business model, underpinned by
its established brand, industry leading technology and sophisticated marketing
infrastructure, always delivers the best value, choice, quality and service
for customers. The Group is proud to have been recognised for eight
consecutive years as one of the Top 100 Best Companies to Work For and for the
second consecutive year the Number One in the Automotive sector.

 

 

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

      Identification code                                          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       128,627 Options over Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          128,627

      - Price                                                      Nil

 e)   Date of the transaction                                      22 June 2022

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

      Identification code                                          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       93,482 Options over Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          93,482

      - Price                                                      Nil

 e)   Date of the transaction                                      22 June 2022

 f)   Place of the transaction                                     Outside of a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHZZGZVVZKGZZM