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MMH Marshall Motor Holdings Plc

397.00
0.00 (0.00%)
25 Apr 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 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Marshall Motor Holdings PLC Grant of options (0132V)

28/11/2019 10:59am

UK Regulatory


Marshall Motor (LSE:MMH)
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From Apr 2019 to Apr 2024

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TIDMMMH

RNS Number : 0132V

Marshall Motor Holdings PLC

28 November 2019

28 November 2019

MARSHALL MOTOR HOLDINGS PLC

("MMH" or the "Company")

Grant of options under Marshall Motor Holdings Plc Performance Share Plan

Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 28 November 2019 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 
 Director/PDMR        Position               Shares under option   Exercise price 
 Daksh Gupta          Chief Executive                    223,842           GBPNil 
                       Officer 
 Richard Blumberger   Chief Financial                    102,632           GBPNil 
                       Officer 
 Jamie Crowther       Operations Director                 35,088           GBPNil 
 Jon Head             Commercial Director                 28,070           GBPNil 
 Stephen Jones        Company Secretary                   35,088           GBPNil 
 

The vesting date of the options will be 28 November 2022, being the third anniversary of the award date. Shares acquired will then be subject to a holding period until the announcement by the Company of its 2022 annual results.

These options are subject to the rules of the PSP and will vest dependent upon continued employment and subject to the Remuneration Committee being satisfied that there has been no material deterioration in the Company's performance which significantly departs from any market deterioration.

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 
     ------------------------  ------------------------------------------------ 
 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             Grant of nil cost options under the rules 
       transaction               of the Marshall Motor Holdings plc Performance 
                                 Share Plan 
     ------------------------  ------------------------------------------------ 
 c)   Currency                  GBP 
     ------------------------  ------------------------------------------------ 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBPNil      223,842 
                                              ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   28 November 2019 
     ------------------------  ------------------------------------------------ 
 g)   Place of the              Outside a trading venue 
       transaction 
     ------------------------  ------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Richard Blumberger 
     ------------------------  ------------------------------------------------ 
 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 of            Ordinary shares of 64p each 
       the financial 
       instrument, type          ISIN Code: GB00BVYB2Q58 
       of instrument 
       Identification 
       code 
     ------------------------  ------------------------------------------------ 
 b)   Nature of the             Grant of nil cost options under the rules 
       transaction               of the Marshall Motor Holdings plc Performance 
                                 Share Plan 
     ------------------------  ------------------------------------------------ 
 c)   Currency                  GBP 
     ------------------------  ------------------------------------------------ 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBPNil      102,632 
                                              ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   28 November 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             Grant of nil cost options under the rules 
       transaction               of the Marshall Motor Holdings plc Performance 
                                 Share Plan 
     ------------------------  ------------------------------------------------ 
 c)   Currency                  GBP 
     ------------------------  ------------------------------------------------ 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBPNil      35,088 
                                              ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   28 November 2019 
     ------------------------  ------------------------------------------------ 
 g)   Place of the              Outside a trading venue 
       transaction 
     ------------------------  ------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Jon Head 
     ------------------------  ------------------------------------------------ 
 2    Reason for notification 
     -------------------------------------------------------------------------- 
 a)   Position/status           Commercial 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             Grant of nil cost options under the rules 
       transaction               of the Marshall Motor Holdings plc Performance 
                                 Share Plan 
     ------------------------  ------------------------------------------------ 
 c)   Currency                  GBP 
     ------------------------  ------------------------------------------------ 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBPNil      28,070 
                                              ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   28 November 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             Grant of nil cost options under the rules 
       transaction               of the Marshall Motor Holdings plc Performance 
                                 Share Plan 
     ------------------------  ------------------------------------------------ 
 c)   Currency                  GBP 
     ------------------------  ------------------------------------------------ 
 d)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                   GBPNil      35,088 
                                              ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    N/A 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   28 November 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 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 110 franchises covering 24 brands, operating from 87 locations across 27 counties in England. In addition, the Group operates six trade parts specialists, two used car centres, five 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

November 28, 2019 05:59 ET (10:59 GMT)

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