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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
  8.00 3.2% 258.00 256.00 260.00 258.00 250.00 250.00 20,366 09:24:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2,154.4 20.4 17.8 14.5 202

Marshall Motor Holdings PLC Grant of options

08/09/2021 5:27pm

UK Regulatory (RNS & others)


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RNS Number : 1780L

Marshall Motor Holdings PLC

08 September 2021

8 September 2021

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 8 September 2021 the following directors and persons discharging managerial responsibilities ("PDMR") were granted nil cost options ("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                    408,560           GBPNil 
                       Officer 
 Richard Blumberger   Chief Financial                    169,261           GBPNil 
                       Officer 
 Jamie Crowther       Operations Director                 58,366           GBPNil 
 Jon Head             Commercial Director                 58,366           GBPNil 
 Stephen Jones        Company Secretary                   58,366           GBPNil 
 Jo Moxon             HR Director                         46,693           GBPNil 
 

The normal vesting date of the Options will be 10 March 2024. Any Ordinary Shares acquired pursuant to the Options will be subject to a 24 month holding period for executive directors and a 12 month holding period for other PDMRs.

The Options are subject to the rules of the PSP and will vest dependent upon continued employment and the achievement of stretching performance targets over a three-year period to 31 December 2023. The performance targets include profit before tax and return on capital targets, the achievement of strategic goals and employee engagement.

The Options are subject to malus and clawback in line with the Company's Remuneration Policy.

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                           1. Daksh Gupta 
                                      2. Richard Blumberger 
                                      3. Jamie Crowther 
                                      4. Jon Head 
                                      5. Stephen Jones 
                                      6. Jo Moxon 
     ------------------------  ------------------------------------------------ 
 2    Reason for notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                1. Chief Executive Officer 
                                      2. Chief Financial Officer 
                                      3. Operations Director 
                                      4. Commercial Director 
                                      5. Company Secretary 
                                      6. 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             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)                  1.   GBPNil      408,560 
                                  2.   GBPNil      169,261 
                                  3.   GBPNil      58,366 
                                  4.   GBPNil      58,366 
                                  5.   GBPNil      58,366 
                                  6.   GBPNil      46,693 
                                      ---------  ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    Not applicable 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   8 September 2021 
     ------------------------  ------------------------------------------------ 
 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 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 have a total of 116 franchises covering 22 brands, across 29 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 2021 the Group was recognised by the Great Place to Work Institute, being ranked the 12th best place to work in the UK (super large company category). This was the eleventh 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.

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END

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September 08, 2021 12:27 ET (16:27 GMT)

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