CT Automotive Group PLC Grant of awards under Long Term Incentive Plan (6546X)

TIDMCTA

RNS Number : 6546X

CT Automotive Group PLC

21 December 2023

CT Automotive Group plc (the "Company")

Grant of awards under Long Term Incentive Plan

CT Automotive Group plc announces that on 21 December 2023, the Company awarded options under the CT Automotive Long Term Incentive Plan 2022 to its Chief Financial Officer. The award is over ordinary shares of GBP0.005 ("Ordinary Shares") in the form of options to acquire Ordinary Shares at nominal value ("LTIP Awards") as detailed in the table below.

 
 E xecutive    Role                       Number of LTIP Awards 
               Chief Financial Officer 
 Anna Brown     and Director              151,515 
              -------------------------  ---------------------- 
 

The LTIP Awards will vest on the third anniversary of grant subject to meeting earnings per share performance criteria for the three year period ending FY2025. 25% of the LTIP Awards will vest on meeting minimum performance criteria with vesting thereafter on a straight-line basis.

For further information, please contact:

 
 CT Automotive                      via MHP 
  Simon Phillips, Chief Executive 
  Officer 
 MHP (Financial PR)                 Tel: [phone] 
  Tim Rowntree                       [e-mail] 
  Charlie Barker 
 Liberum (Nominated Adviser and     Tel: [phone] 
  Broker) 
  Richard Lindley 
  Benjamin Cryer 
 

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 (a)   Name                              Anna Brown 
      --------------------------------  ---------------------------------------- 
 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                              CT Automotive Group plc 
      --------------------------------  ---------------------------------------- 
 (b)   LEI                               213800RP7B4UJ1DDKY67 
      --------------------------------  ---------------------------------------- 
 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                 Options over Ordinary shares 
        instrument, type of instrument               of GBP0.005 pence each 
        Identification code                          ISIN GB00BMHYGR77 
      --------------------------------  ---------------------------------------- 
 (b)   Nature of the transaction         Award of options pursuant 
                                          to CT Automotive Group plc 
                                          2022 Long Term Incentive 
                                          Plan 
      --------------------------------  ---------------------------------------- 
 (c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                            NIL         151,515 
      --------------------------------  ---------------------------------------- 
 (d)   Aggregated information            N/A 
        - Aggregated volume 
        - Price 
      --------------------------------  ---------------------------------------- 
 (e)   Date of the transaction           21 December 2023 
      --------------------------------  ---------------------------------------- 
 (f)   Place of the transaction          Outside a trading venue 
      --------------------------------  ---------------------------------------- 
 

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December 21, 2023 08:00 ET (13:00 GMT)