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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 |
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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.
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END
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(END) Dow Jones Newswires
September 08, 2021 12:27 ET (16:27 GMT)
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