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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 |
TIDMMMH
RNS Number : 9040X
Marshall Motor Holdings PLC
24 December 2019
24 December 2019
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Vesting of 2016 LTIP, Director Shareholdings and Total Voting Rights
Marshall Motor Holdings Plc, one of the UK's leading automotive retail groups, announces that on 23 December 2019 certain Directors and persons discharging managerial responsibilities ('PDMRs') of the Company exercised nil cost options over ordinary shares in the Company ("Shares") (the "2016 LTIPs") granted under the Marshall Motor Holdings Plc Performance Share Plan ("PSP").
In addition, the Company's Remuneration Committee has determined that, taking into account the Company's performance over the performance period (being the three financial years ended 31 December 2018), further Shares would be awarded to those Directors and PDMRs for nil cost by the trustee of the MMH Employee Benefit Trust, with those further Shares subject to the same holding period that applies to the 2016 LTIPs.
As a result, the interests of the following Directors and PDMRs in Shares have changed as follows:
Name Position Number of Number of Resultant % holding of new Shares Shares* awarded interest total issued over which by Trustee in Shares share capital 2016 LTIPs of Company exercised* --------------- -------------------- ----------- ---------------- ---------- -------------- Daksh Gupta Chief Executive 39,994 69,993 1,451,111 1.85% Jamie Crowther Operations Director 5,999 10,499 65,490 0.08% Stephen Jones Company Secretary 4,499 7,874 39,051 0.05%
*associated tax and national insurance contribution liabilities arising in respect of the exercise of the 2016 LTIPs and delivery of additional shares have already been cash settled.
A further 9,297 new Shares were issued pursuant to exercise of the 2016 LTIPs by persons other than directors or PDMRs. An application for admission to trading of the 59,789 total new Shares issued and allotted pursuant to the 2016 LTIPs as set out above has today been submitted to London Stock Exchange plc and admission is expected to become effective on 31 December 2019.
Following admission of the new Shares, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 78,232,237 Shares, with each share carrying the right to one vote. The Company does not hold any Shares in Treasury. Therefore, the total number of Shares in the Company with voting rights is 78,232,237. The above figure of 78,232,237 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 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 the financial Ordinary shares of 64p each instrument, type of instrument GB00BVYB2Q58 Identification code b) Nature of the transaction 1. Acquisition of Shares for nil cost in connection with the Marshall Motor Holdings plc Performance Share Plan 2. Award of Shares c) Price(s) and volume(s) Price(s) Volume(s) 1. GBPNil 39,994 2. GBPNil 69,993 d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 23 December 2019 f) Place of the transaction Outside a trading venue 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 the financial Ordinary shares of 64p each instrument, type of instrument GB00BVYB2Q58 Identification code b) Nature of the transaction 1. Acquisition of Shares for nil cost in connection with the Marshall Motor Holdings plc Performance Share Plan 2. Award of Shares c) Price(s) and volume(s) Price(s) Volume(s) 1. GBPNil 5,999 2. GBPNil 10,499 d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 23 December 2019 f) Place of the transaction Outside a trading venue 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 the financial Ordinary shares of 64p each instrument, type of instrument GB00BVYB2Q58 Identification code b) Nature of the transaction 1. Acquisition of Shares for nil cost in connection with the Marshall Motor Holdings plc Performance Share Plan 2. Award of Shares c) Price(s) and volume(s) Price(s) Volume(s) GBPNil 4,499 GBPNil 7,874 d) Aggregated information N/A - Aggregated volume - Price e) Date of the transaction 23 December 2019 f) Place of the transaction Outside a trading venue ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler Tel: +44 (0) 20 7796 4133 Daksh Gupta, Chief Executive Officer Richard Blumberger, Chief Financial Officer Investec Bank plc (NOMAD & Broker) Tel: +44 (0) 20 7597 5970 Christopher Baird David Flin David Anderson Hudson Sandler Tel: +44 (0) 20 7796 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 comprise a total of 119 franchises covering 24 brands, operating from 96 locations across 28 counties in England. In addition, the Group operates six trade parts specialists, two used car centres, six standalone body shops and one pre delivery inspection centre.
In May 2019 the Group was recognised by the Great Place to Work Institute, being ranked the 11th best place to work in the UK (super 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
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(END) Dow Jones Newswires
December 24, 2019 02:00 ET (07:00 GMT)
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