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MMH Marshall Motor Holdings Plc

397.00
0.00 (0.00%)
28 Mar 2024 - Closed
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Marshall Motor Holdings PLC Exercise of Awards and Director Shareholdings (7405K)

12/04/2018 11:47am

UK Regulatory


Marshall Motor (LSE:MMH)
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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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