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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Motorpoint Group Plc | LSE:MOTR | London | Ordinary Share | GB00BD0SFR60 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 138.50 | 138.00 | 140.00 | 0.00 | 08:00:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 1.44B | -600k | -0.0067 | -206.72 | 124.91M |
TIDMMOTR
RNS Number : 1487C
Motorpoint Group plc
16 June 2021
16 June 2021
Motorpoint Group Plc
( " Motorpoint " or the " Company " )
Awards granted under the Performance Share Plan
Motorpoint, the UK's leading independent omni-channel vehicle retailer announces that on 16 June 2021 (the "Grant Date") awards of Restricted Shares over ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") were made under the Company's Performance Share Plan ("PSP") to the Persons Discharging Managerial Responsibilities as set out below (the "Awards").
The Awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and are subject to the terms of the PSP. The Options ordinarily vest on the third, fourth and fifth anniversaries of the grant (in 50%, 25% and 25% portions respectively) and are subject to the grantee's continued service and a performance condition requiring the Remuneration Committee of the Company to be satisfied that the business performance is robust and sustainable, and that management has strengthened the business. Following the vesting of the Options, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the Grant Date.
NAME Number of Options granted Total number of options over Total number of options over Ordinary Shares as at Grant Ordinary Shares held as a Date percentage of current issued share capital as at Grant Date Mark Carpenter (CEO) 95,558 436,589 0.48% -------------------------- -------------------------------- -------------------------------- Chris Morgan (CFO) 69,621 0 0.08% -------------------------- -------------------------------- --------------------------------
The notifications at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the Options granted.
Enquiries:
Motorpoint Group PLC via FTI Consulting Chris Morgan, Company Secretary FTI Consulting (Financial PR) Alex Beagley James Styles Sam Macpherson 020 3727 1000
Notes to editors
Motorpoint is the UK's leading independent omnichannel vehicle retailer, selling through its E-commerce platforms of Motorpoint.co.uk and Auction4Cars.com and 14 retail branches. The Group's principal business is the sale of nearly-new vehicles, which are up to three years old and have covered less than 30,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 14 retail branches across the United Kingdom: Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton on Tees, Swansea and Widnes, of which six have opened in the last five years; together with E-commerce channels for retail and trade, supported by a customer contact centre.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mark Carpenter -------------------------------------------------------- ------------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Executive Officer -------------------------------------------------------- ------------------------------------------------------- b) Initial notification /Amendment Initial Notification -------------------------------------------------------- ------------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------------------------------------- a) Name Motorpoint Group Plc -------------------------------------------------------- ------------------------------------------------------- b) LEI 213800WG8RSE45I3MF22 -------------------------------------------------------- ------------------------------------------------------- 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 instrument, type of Ordinary shares of GBP0.01 each in Motorpoint Group instrument plc ("Ordinary Shares") GB00BD0SFR60 Identification code -------------------------------------------------------- ------------------------------------------------------- b) Nature of the transaction Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan -------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil cost option 95,558 Options over Ordinary Shares --------------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information - Aggregated volume 95,558 - Price Nil -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 16 June 2016 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside of a trading venue -------------------------------------------------------- ------------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Chris Morgan -------------------------------------------------------- ------------------------------------------------------- 2 Reason for the notification ----------------------------------------------------------------------------------------------------------------- a) Position/status Chief Financial Officer -------------------------------------------------------- ------------------------------------------------------- b) Initial notification /Amendment Initial Notification -------------------------------------------------------- ------------------------------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------------------------------------------- a) Name Motorpoint Group Plc -------------------------------------------------------- ------------------------------------------------------- b) LEI 213800WG8RSE45I3MF22 -------------------------------------------------------- ------------------------------------------------------- 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 instrument, type of Ordinary shares of GBP0.01 each in Motorpoint Group instrument plc ("Ordinary Shares") GB00BD0SFR60 Identification code -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan -------------------------------------------------------- ------------------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil cost option 69,621 O ptions over Ordinary Shares ---------------- -------------------------------------------------------- ------------------------------------------------------- d) Aggregated information - Aggregated volume 69,621 - Price Nil -------------------------------------------------------- ------------------------------------------------------- e) Date of the transaction 16 June 2021 -------------------------------------------------------- ------------------------------------------------------- f) Place of the transaction Outside of a trading venue -------------------------------------------------------- -------------------------------------------------------
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June 16, 2021 11:08 ET (15:08 GMT)
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