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MMH Marshall Motor Holdings Plc

397.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marshall Motor Holdings Plc LSE:MMH London Ordinary Share GB00BVYB2Q58 ORD 64P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 397.00 394.00 400.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Marshall Motor Holdings PLC Grant of Share Awards (4124S)

02/10/2017 10:55am

UK Regulatory


Marshall Motor (LSE:MMH)
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RNS Number : 4124S

Marshall Motor Holdings PLC

02 October 2017

2 October 2017

MARSHALL MOTOR HOLDINGS PLC

("MMH" or the "Company")

Grant of awards under Marshall Motor Holdings plc Performance Share Plan

Marshall Motor Holdings plc, one of the UK's leading automotive retail and leasing groups, announces that on 29 September 2017 the following directors and persons discharging managerial responsibilities ("PDMR") were granted nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan ("PSP") to acquire ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:

 
                  Number of Ordinary 
                        Shares under   Exercise 
 Director/PDMR                option      price 
 Daksh Gupta                 305,389     GBPNil 
 Mark Raban                  152,695     GBPNil 
 Stephen Jones                33,683     GBPNil 
 Jamie Crowther               44,910     GBPNil 
 Jon Head                     33,683     GBPNil 
 Helen Burrows                33,683     GBPNil 
 

The normal vesting date of the options will be 29 September 2020, being the third anniversary of the award date. The exercise period of each option will run from the date on which each option vests to the day before the tenth anniversary of the award date.

These options are subject to the rules of the PSP and will vest dependent upon continued employment and on performance against earnings per share ("EPS") targets, as measured over a two year performance period.

Details of the full notifications received by the Company are set out below:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                     Daksh Gupta 
---  -----------------------  --------------------------------- 
 b)   Position/status          Chief Executive Officer 
---  -----------------------  --------------------------------- 
 c)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  --------------------------------- 
 2    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                     Marshall Motor Holdings plc 
---  -----------------------  --------------------------------- 
 b)   LEI                      N/A 
---  -----------------------  --------------------------------- 
 3    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              Ordinary shares of 64p each 
       of the financial 
       instrument,              ISIN Code: GB00BVYB2Q58 
       type of instrument 
       Identification 
       code 
---  -----------------------  --------------------------------- 
 b)   Nature of the            Grant of nil cost options under 
       transaction              the rules of the Marshall Motor 
                                Holdings plc Performance Share 
                                Plan 
---  -----------------------  --------------------------------- 
 c)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                 ----------  ---------- 
                                  GBPNil      305,389 
                                 ----------  ---------- 
---  -----------------------  --------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------- 
 e)   Date of the              29 September 2017 
       transaction 
---  -----------------------  --------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
---  -----------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                     Mark Raban 
---  -----------------------  --------------------------------- 
 b)   Position/status          Chief Financial Officer 
---  -----------------------  --------------------------------- 
 c)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  --------------------------------- 
 2    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                     Marshall Motor Holdings plc 
---  -----------------------  --------------------------------- 
 b)   LEI                      N/A 
---  -----------------------  --------------------------------- 
 3    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              Ordinary shares of 64p each 
       of the financial 
       instrument,              ISIN Code: GB00BVYB2Q58 
       type of instrument 
       Identification 
       code 
---  -----------------------  --------------------------------- 
 b)   Nature of the            Grant of nil cost options under 
       transaction              the rules of the Marshall Motor 
                                Holdings plc Performance Share 
                                Plan 
---  -----------------------  --------------------------------- 
 c)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                 ----------  ---------- 
                                  GBPNil      152,695 
                                 ----------  ---------- 
---  -----------------------  --------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------- 
 e)   Date of the              29 September 2017 
       transaction 
---  -----------------------  --------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
---  -----------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                     Stephen Jones 
---  -----------------------  --------------------------------- 
 b)   Position/status          Company Secretary, PDMR 
---  -----------------------  --------------------------------- 
 c)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  --------------------------------- 
 2    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                     Marshall Motor Holdings plc 
---  -----------------------  --------------------------------- 
 b)   LEI                      N/A 
---  -----------------------  --------------------------------- 
 3    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              Ordinary shares of 64p each 
       of the financial 
       instrument,              ISIN Code: GB00BVYB2Q58 
       type of instrument 
       Identification 
       code 
---  -----------------------  --------------------------------- 
 b)   Nature of the            Grant of nil cost options under 
       transaction              the rules of the Marshall Motor 
                                Holdings plc Performance Share 
                                Plan 
---  -----------------------  --------------------------------- 
 c)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                 ----------  ---------- 
                                  GBPNil      33,683 
                                 ----------  ---------- 
---  -----------------------  --------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------- 
 e)   Date of the              29 September 2017 
       transaction 
---  -----------------------  --------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
---  -----------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                     Jamie Crowther 
---  -----------------------  --------------------------------- 
 b)   Position/status          Operations Director, PDMR 
---  -----------------------  --------------------------------- 
 c)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  --------------------------------- 
 2    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                     Marshall Motor Holdings plc 
---  -----------------------  --------------------------------- 
 b)   LEI                      N/A 
---  -----------------------  --------------------------------- 
 3    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              Ordinary shares of 64p each 
       of the financial 
       instrument,              ISIN Code: GB00BVYB2Q58 
       type of instrument 
       Identification 
       code 
---  -----------------------  --------------------------------- 
 b)   Nature of the            Grant of nil cost options under 
       transaction              the rules of the Marshall Motor 
                                Holdings plc Performance Share 
                                Plan 
---  -----------------------  --------------------------------- 
 c)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                 ----------  ---------- 
                                  GBPNil      44,910 
                                 ----------  ---------- 
---  -----------------------  --------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------- 
 e)   Date of the              29 September 2017 
       transaction 
---  -----------------------  --------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
---  -----------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                     Jon Head 
---  -----------------------  --------------------------------- 
 b)   Position/status          Commercial Director, PDMR 
---  -----------------------  --------------------------------- 
 c)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  --------------------------------- 
 2    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                     Marshall Motor Holdings plc 
---  -----------------------  --------------------------------- 
 b)   LEI                      N/A 
---  -----------------------  --------------------------------- 
 3    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              Ordinary shares of 64p each 
       of the financial 
       instrument,              ISIN Code: GB00BVYB2Q58 
       type of instrument 
       Identification 
       code 
---  -----------------------  --------------------------------- 
 b)   Nature of the            Grant of nil cost options under 
       transaction              the rules of the Marshall Motor 
                                Holdings plc Performance Share 
                                Plan 
---  -----------------------  --------------------------------- 
 c)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                 ----------  ---------- 
                                  GBPNil      33,683 
                                 ----------  ---------- 
---  -----------------------  --------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------- 
 e)   Date of the              29 September 2017 
       transaction 
---  -----------------------  --------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
---  -----------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                     Helen Burrows 
---  -----------------------  --------------------------------- 
 b)   Position/status          HR Director 
---  -----------------------  --------------------------------- 
 c)   Initial notification     Initial Notification 
       /Amendment 
---  -----------------------  --------------------------------- 
 2    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                     Marshall Motor Holdings plc 
---  -----------------------  --------------------------------- 
 b)   LEI                      N/A 
---  -----------------------  --------------------------------- 
 3    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              Ordinary shares of 64p each 
       of the financial 
       instrument,              ISIN Code: GB00BVYB2Q58 
       type of instrument 
       Identification 
       code 
---  -----------------------  --------------------------------- 
 b)   Nature of the            Grant of nil cost options under 
       transaction              the rules of the Marshall Motor 
                                Holdings plc Performance Share 
                                Plan 
---  -----------------------  --------------------------------- 
 c)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                 ----------  ---------- 
                                  GBPNil      33,683 
                                 ----------  ---------- 
---  -----------------------  --------------------------------- 
 d)   Aggregated information   N/A 
       - Aggregated 
       volume 
       - Price 
---  -----------------------  --------------------------------- 
 e)   Date of the              29 September 2017 
       transaction 
---  -----------------------  --------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
---  -----------------------  --------------------------------- 
 

ENDS

For further information and enquiries please contact:

 
 Marshall Motor Holdings plc          c/o Hudson Sandler 
 Daksh Gupta, Group Chief Executive   Tel: +44 (0) 20 7796 
                                       4133 
 Mark Raban, Chief Financial 
  Officer 
 
 Investec Bank plc (Financial         Tel: +44 (0) 20 7597 
  Adviser, NOMAD & Broker)             5970 
 Christopher Baird 
 David Flin 
 David Anderson 
 
 Hudson Sandler                       Tel: +44 (0) 20 7796 
                                       4133 
 Nick Lyon 
  Bertie Berger 
 

Notes to Editors

About Marshall Motor Holdings plc (www.mmhplc.com)

The Group's principal activities are the sale and repair of new and used vehicles through Marshall Motor Group and, until the completion of the disposal of Marshall Leasing announced on 21 September 2017, the leasing of vehicles through Marshall Leasing. The Group's businesses have a total of 104 franchises covering 24 brands, operating from 90 locations across 26 counties in England. In addition, the Group operates five trade parts specialists, five used car centres, five standalone body shops and one pre delivery inspection centre.

In May 2017 the Group was recognised by the Great Place to Work Institute, being ranked the 22nd best place to work in the UK (large company category). This was the seventh year in succession that the Group has achieved Great Place to Work status.

In November 2016 Marshall Leasing was named Fleet Service Company of the Year 2016 by the Association of Car Fleet Operators (ACFO), an award it also won in 2010 and 2013.

Cautionary statement

This announcement contains unaudited information based on management accounts and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and undue reliance should not be placed on any such statements because they speak only as at the date of this document and are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and the Group's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. MMH undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUUVKRBAARRRA

(END) Dow Jones Newswires

October 02, 2017 05:55 ET (09:55 GMT)

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