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

MotorpointAnnouncement

27/06/2024 10:15

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RNS Number : 1560U  Motorpoint Group plc  27 June 2024

27 June 2024

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 26 June 2024 (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 ordinarily 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  193,931                    720,221                                                        0.81%

 (CEO)
 Chris Morgan    145,532                    473,978                                                        0.54%

 (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

 Amy Goldup

 Harriet Jackson

 

 

 

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 20 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 choice, value, service and quality
for customers.

 

 

 

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       193,931 Options over Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          193,931

      - Price                                                      Nil

 e)   Date of the transaction                                      26 June 2024

 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       145,532 Options over Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          145,532

      - Price                                                      Nil

 e)   Date of the transaction                                      26 June 2024

 f)   Place of the transaction                                     Outside of a trading venue

 

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