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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMMH
RNS Number : 7405K
Marshall Motor Holdings PLC
12 April 2018
12 April 2018
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Exercise of IPO Awards, Director Shareholdings and Total Voting Rights
Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 11 April 2018 the certain directors and/or persons discharging managerial responsibilities ('PDMRs') of the Company exercised certain share options granted at the Company's IPO on 2 April 2015 ("IPO Awards") and previously disclosed in the IPO Admission Document. The IPO Awards vested on 2 April 2018 following satisfaction in full of all relevant financial performance conditions for the three year period ended 31 December 2017 attached to such IPO Awards.
As a result, the following directors and/or PDMRs were issued new ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:
Name Position Number Resultant % holding of additional interest of total Ordinary in Ordinary issued Shares* Shares share capital of Company ---------------- ------------------- --------------- ------------- --------------- Chief Executive Daksh Gupta Officer 320,134 1,163,272 1.49 ---------------- ------------------- --------------- ------------- --------------- Chief Financial Mark Raban Officer 94,855 156,581 0.20 ---------------- ------------------- --------------- ------------- --------------- Operations Jamie Crowther Director 17,785 31,207 0.04 ---------------- ------------------- --------------- ------------- --------------- Helen Burrows HR Director 13,339 20,050 0.03 ---------------- ------------------- --------------- ------------- --------------- Stephen Jones Company Secretary 13,339 13,339 0.02 ---------------- ------------------- --------------- ------------- ---------------
*associated tax and national insurance contribution liabilities arising in respect of the exercise of the IPO Awards have already been cash settled.
A further 13,339 new Ordinary Shares were issued pursuant to exercise of IPO Awards in respect of persons other than directors or PDMRs.
An application for admission to trading of the 472,791 new Ordinary Shares issued and allotted pursuant to the IPO Awards as set out above has today been submitted to London Stock Exchange plc and admission is expected to become effective on 17 April 2018.
Following admission of the new Ordinary Shares, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 77,865,653 Ordinary Shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 77,865,653. The above figure of 77,865,653 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Details of the notifications received by the Company are set out below:
1 Details of the person discharging managerial responsibilities / person closely associated --- -------------------------------------------------------- a) Name Daksh Gupta --- --------------------- --------------------------------- 2 Reason for notification --- -------------------------------------------------------- a) Position/status Chief Executive Officer --- --------------------- --------------------------------- b) Initial notification Initial Notification /Amendment --- --------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- -------------------------------------------------------- a) Name Marshall Motor Holdings plc --- --------------------- --------------------------------- b) LEI 213800BP3HZWHDWXAY78 --- --------------------- --------------------------------- 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 Ordinary shares of 64p each of the financial instrument, ISIN Code: GB00BVYB2Q58 type of instrument Identification code --- --------------------- --------------------------------- b) Nature of Exercise of nil cost options the transaction under the rules of the Marshall Motor Holdings plc Performance Share Plan --- --------------------- --------------------------------- c) Currency GBP --- --------------------- --------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) ---------- ---------- GBPNil 320,134 ---------- ---------- --- --------------------- --------------------------------- e) Aggregated N/A information - Aggregated volume - Price --- --------------------- --------------------------------- f) Date of the 11 April 2018 transaction --- --------------------- --------------------------------- g) Place of the Outside a trading venue transaction --- --------------------- --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- -------------------------------------------------------- a) Name Mark Raban --- --------------------- --------------------------------- 2 Reason for notification --- -------------------------------------------------------- a) Position/status Chief Financial Officer --- --------------------- --------------------------------- b) Initial notification Initial Notification /Amendment --- --------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- -------------------------------------------------------- a) Name Marshall Motor Holdings plc --- --------------------- --------------------------------- b) LEI 213800BP3HZWHDWXAY78 --- --------------------- --------------------------------- 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 Ordinary shares of 64p each of the financial instrument, ISIN Code: GB00BVYB2Q58 type of instrument Identification code --- --------------------- --------------------------------- b) Nature of Exercise of nil cost options the transaction under the rules of the Marshall Motor Holdings plc Performance Share Plan --- --------------------- --------------------------------- c) Currency GBP --- --------------------- --------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) ---------- ---------- GBPNil 94,855 ---------- ---------- --- --------------------- --------------------------------- e) Aggregated N/A information - Aggregated volume - Price --- --------------------- --------------------------------- f) Date of the 11 April 2018 transaction --- --------------------- --------------------------------- g) Place of the Outside a trading venue transaction --- --------------------- --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- -------------------------------------------------------- a) Name Jamie Crowther --- --------------------- --------------------------------- 2 Reason for notification --- -------------------------------------------------------- a) Position/status Operations Director --- --------------------- --------------------------------- b) Initial notification Initial Notification /Amendment --- --------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- -------------------------------------------------------- a) Name Marshall Motor Holdings plc --- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78 --- --------------------- --------------------------------- 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 Ordinary shares of 64p each of the financial instrument, ISIN Code: GB00BVYB2Q58 type of instrument Identification code --- --------------------- --------------------------------- b) Nature of Exercise of nil cost options the transaction under the rules of the Marshall Motor Holdings plc Performance Share Plan --- --------------------- --------------------------------- c) Currency GBP --- --------------------- --------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) ---------- ---------- GBPNil 17,785 ---------- ---------- --- --------------------- --------------------------------- e) Aggregated N/A information - Aggregated volume - Price --- --------------------- --------------------------------- f) Date of the 11 April 2018 transaction --- --------------------- --------------------------------- g) Place of the Outside a trading venue transaction --- --------------------- --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- -------------------------------------------------------- a) Name Helen Burrows --- --------------------- --------------------------------- 2 Reason for notification --- -------------------------------------------------------- a) Position/status HR Director --- --------------------- --------------------------------- b) Initial notification Initial Notification /Amendment --- --------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- -------------------------------------------------------- a) Name Marshall Motor Holdings plc --- --------------------- --------------------------------- b) LEI 213800BP3HZWHDWXAY78 --- --------------------- --------------------------------- 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 Ordinary shares of 64p each of the financial instrument, ISIN Code: GB00BVYB2Q58 type of instrument Identification code --- --------------------- --------------------------------- b) Nature of Exercise of nil cost options the transaction under the rules of the Marshall Motor Holdings plc Performance Share Plan --- --------------------- --------------------------------- c) Currency GBP --- --------------------- --------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) ---------- ---------- GBPNil 13,339 ---------- ---------- --- --------------------- --------------------------------- e) Aggregated N/A information - Aggregated volume - Price --- --------------------- --------------------------------- f) Date of the 11 April 2018 transaction --- --------------------- --------------------------------- g) Place of the Outside a trading venue transaction --- --------------------- --------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated --- -------------------------------------------------------- a) Name Stephen Jones --- --------------------- --------------------------------- 2 Reason for notification --- -------------------------------------------------------- a) Position/status Company Secretary --- --------------------- --------------------------------- b) Initial notification Initial Notification /Amendment --- --------------------- --------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor --- -------------------------------------------------------- a) Name Marshall Motor Holdings plc --- --------------------- --------------------------------- b) LEI 213800BP3HZWHDWXAY78 --- --------------------- --------------------------------- 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 Ordinary shares of 64p each of the financial instrument, ISIN Code: GB00BVYB2Q58 type of instrument Identification code --- --------------------- --------------------------------- b) Nature of Exercise of nil cost options the transaction under the rules of the Marshall Motor Holdings plc Performance Share Plan --- --------------------- --------------------------------- c) Currency GBP --- --------------------- --------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) ---------- ---------- GBPNil 13,339 ---------- ---------- --- --------------------- --------------------------------- e) Aggregated N/A information - Aggregated volume - Price --- --------------------- --------------------------------- f) Date of the 11 April 2018 transaction --- --------------------- --------------------------------- g) Place of the Outside a trading venue transaction --- --------------------- ---------------------------------
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler Daksh Gupta, Chief Executive Tel: +44 (0) 20 Officer 7796 4133 Mark Raban, Chief Financial Officer Investec Bank plc (Financial Tel: +44 (0) 20 Adviser, NOMAD & Broker) 7597 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. The Group's businesses have a total of 101 franchises covering 23 brands, operating from 84 locations across 26 counties in England. In addition, the Group operates five trade parts specialists, three 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 eighth year in succession that the Group has achieved Great Place to Work status.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
April 12, 2018 06:47 ET (10:47 GMT)
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