REG - Motorpoint Group plc - Grant of Options under SAYE Scheme

MotorpointAnnouncement

20/12/2024 15:15

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RNS Number : 9949Q  Motorpoint Group plc  20 December 2024

20 December 2024

Motorpoint Group plc

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

 

Grant of Options under SAYE Scheme

 

Motorpoint Group plc, the UK's leading independent omnichannel vehicle
retailer, is pleased to announce that it launched its 2025 Save As You Earn
("SAYE") share scheme for all its permanent employees on 20 December 2024.
The SAYE scheme is approved by HM Revenue and Customs.

 

Eligible employees were invited to subscribe for options over the Company's
Ordinary Shares of 1 pence each ("Shares") at an exercise price of 117.75
pence, representing a 10% discount to the average closing middle market price
of the Shares over the three day period ending on 2 December 2024 ("Options"),
the dealing day before the invitation to participate was made.  The exercise
price was calculated in accordance with the rules of the SAYE scheme. The
Options have a contract start date of 1 February 2025 and are exercisable
between 1 February 2028 and 31 July 2028.

 

A total of 320 employees (including two persons discharging managerial
responsibility ("PDMRs")) elected to participate in the SAYE scheme.
Pursuant to these elections, a total of 1,112,494 Shares under Option were
granted on 20 December 2043, equating to 1.28% of the current issued share
capital.

 

Mark Carpenter, Chief Executive Officer of the Company, and Chris Morgan,
Chief Financial Officer, both PDMRs, elected to participate in the SAYE scheme
and are included in the total figures above. Pursuant to the 2025 SAYE scheme,
they each have 4,700 Shares under Option.

 

The notifications at the end of the announcement, made in accordance with the
requirements of the UK Market Abuse Regulation, provide further detail of the
Options granted.

 

For further information, please contact:

 

 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 21 sales and collection branches, 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. The Group is proud to have been recognised for nine consecutive
years as one of the Top 100 Best Companies to Work For.

 

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 Options under Motorpoint Group plc Share Plan 2021

 c)   Price(s) and volume(s)

                                                                                         Price(s)                   Volume(s)
                                                                                         Option Price 117.75 pence  4,700 Options over Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          4,700

      - Price                                                      Option Price 117.75 pence

 e)   Date of the transaction                                      20 December 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 Options under Motorpoint Group plc Share Plan 2021

 c)   Price(s) and volume(s)

                                                                                         Price(s)                   Volume(s)
                                                                                         Option Price 117.75 pence  4,700 Options over Ordinary Shares

 d)   Aggregated information

      - Aggregated volume                                          4,700

      - Price                                                      Option price 117.75 pence

 e)   Date of the transaction                                      20 December 2024

 f)   Place of the transaction                                     Outside of a trading venue

 

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