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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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMMH
RNS Number : 9080U
Marshall Motor Holdings PLC
03 April 2019
3 April 2019
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 2 April 2019 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 2019 following satisfaction in full of all relevant financial performance conditions for the three year period ended 31 December 2017 and the condition as to continued employment with the Company which 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:
Hot Features
Premium
Name Position Number of Resultant % holding
additional interest of total
Ordinary in Ordinary issued share
Shares* Shares capital of
Company
Chief Executive
Daksh Gupta Officer 177,852 1,341,124 1.72
--------------------- ------------ ------------- --------------
Jamie Crowther Operations Director 17,785 48,992 0.06
--------------------- ------------ ------------- --------------
Helen Burrows HR Director 13,339 33,389 0.04
--------------------- ------------ ------------- --------------
Stephen Jones Company Secretary 13,339 26,678 0.03
--------------------- ------------ ------------- --------------
*associated tax and national insurance contribution liabilities arising in respect of the exercise of the IPO Awards have already been cash settled.
A further 84,479 new Ordinary Shares were issued pursuant to exercise of IPO Awards in respect of persons other than directors or PDMRs. These included 71,141 new Ordinary Shares issued to Mark Raban, the former Chief Financial Officer of the Company, following exercise by the Company of its discretion to permit such awards to vest, further details of which are set out in the Company's 2018 Annual Report and Accounts.
An application for admission to trading of the 306,795 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 8 April 2019.
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 78,172,448 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 78,172,448. The above figure of 78,172,448 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 of Ordinary shares of 64p each
the financial
instrument, type ISIN Code: GB00BVYB2Q58
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of nil cost options under the
transaction rules of the Marshall Motor Holdings plc
Performance Share Plan
------------------------ ------------------------------------------
c) Currency GBP
------------------------ ------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) GBPNil 177,852
----------
------------------------ ------------------------------------------
e) Aggregated information N/A
- Aggregated
volume
- Price
------------------------ ------------------------------------------
f) Date of the transaction 2 April 2019
------------------------ ------------------------------------------
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 of Ordinary shares of 64p each
the financial
instrument, type ISIN Code: GB00BVYB2Q58
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of nil cost options under the
transaction 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 information N/A
- Aggregated
volume
- Price
------------------------ ------------------------------------------
f) Date of the transaction 2 April 2019
------------------------ ------------------------------------------
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 of Ordinary shares of 64p each
the financial
instrument, type ISIN Code: GB00BVYB2Q58
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of nil cost options under the
transaction 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 information N/A
- Aggregated
volume
- Price
------------------------ ------------------------------------------
f) Date of the transaction 2 April 2019
------------------------ ------------------------------------------
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 of Ordinary shares of 64p each
the financial
instrument, type ISIN Code: GB00BVYB2Q58
of instrument
Identification
code
------------------------ ------------------------------------------
b) Nature of the Exercise of nil cost options under the
transaction 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 information N/A
- Aggregated
volume
- Price
------------------------ ------------------------------------------
f) Date of the transaction 2 April 2019
------------------------ ------------------------------------------
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 Officer Tel: +44 (0) 20 7796
4133
Richard Blumberger, Chief Financial Officer
Investec Bank plc (Financial Adviser, Tel: +44 (0) 20 7597
NOMAD & Broker) 5970
Christopher Baird
David Flin
David Anderson
Tel: +44 (0) 20 7796
Hudson Sandler 4133
Nick Lyon
Bertie Berger
Nick Moore
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. The Group's businesses have a total of 106 franchises covering 23 brands, operating from 84 locations across 27 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 2018 the Group was recognised by the Great Place to Work Institute, being ranked the 21st best place to work in the UK (large company category). This was the ninth year in succession that the Group has achieved Great Place to Work status.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHQLLFBKZFEBBF
(END) Dow Jones Newswires
April 03, 2019 02:01 ET (06:01 GMT)
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