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MOTR Motorpoint Group Plc

138.50
0.00 (0.00%)
Last Updated: 10:33:00
Delayed by 15 minutes
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% 138.50 138.00 139.50 6 10:33:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 1.44B -600k -0.0067 -206.72 124.91M

Motorpoint Group plc Grant of Options under SAYE Scheme (2757A)

27/12/2017 7:00am

UK Regulatory


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RNS Number : 2757A

Motorpoint Group plc

27 December 2017

27 December 2017

Motorpoint Group PLC

("Motorpoint" or "the Company")

Grant of Options under SAYE Scheme

Motorpoint, the UK's largest independent vehicle retailer, is pleased to announce that it has launched a Save As You Earn ("SAYE") share scheme for all its permanent employees on 22 December 2017.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Ordinary Shares") at an exercise price of 177.3 pence, representing a 10% discount to the closing middle market price of the Ordinary Shares on 1 December 2017 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 February 2018 and are exercisable between 1 February 2021 and 31 July 2021.

A total of 286 employees out of 785 elected to participate, and pursuant to these elections a total of 417,765 shares under Option have been granted, equating to 0.42% of the current issued share capital.

Mark Carpenter (CEO), James Gilmour (CFO) and Jonathan Baird (PDMR) of the Company, have elected to participate in the SAYE scheme and are included in the total figures above. Their individual Option pursuant to the SAYE scheme are as follows:

 
 Mark Carpenter:   2,030 shares 
                    under Option 
 James Gilmour:    2,030 shares 
                    under Option 
 Jonathan          2,030 shares 
  Baird:            under Option 
 

As a result of these Option grants, Mr Carpenter, Mr Gilmour and Mr Baird's respective direct interests in Ordinary Shares are as follows:

 
 Director / PDMR    Ordinary Shares held      Number of Options      Total number of options      Total interest in 
                                                   granted            over Ordinary Shares      Ordinary Shares as a 
                                                                                                percentage of current 
                                                                                                issued share capital 
                                                                                                         (%) 
-----------------  ---------------------  ------------------------  ------------------------  ------------------------ 
 Mark Carpenter                8,874,556                     2,030                   310,738                      9.17 
-----------------  ---------------------  ------------------------  ------------------------  ------------------------ 
 James Gilmour                   175,317                     2,030                   225,197                       0.4 
-----------------  ---------------------  ------------------------  ------------------------  ------------------------ 
 Jonathan Baird                  755,108                     2,030                    64,387                      0.82 
-----------------  ---------------------  ------------------------  ------------------------  ------------------------ 
 

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.

 
 Contact Information: 
 Motorpoint Group PLC (www.motorpointplc.com)    Via FTI Consulting 
  Manjit Virk, Company Secretary 
 FTI Consulting (Financial PR) 
  Jonathon Brill 
  Alex Beagley                                   020 3727 1000 
 

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 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 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which seven have opened in the last five years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.

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      Initial Notification 
       /Amendment 
---  ------------------------  --------------------------------- 
 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              Ordinary shares of GBP0.01 
       instrument, type           each in Motorpoint Group 
       of instrument              plc ("Ordinary Shares) 
 
       Identification             GB00BD0SFR60 
       code 
---  ------------------------  --------------------------------- 
 b)   Nature of the             Grant of Options under the 
       transaction               Motorpoint Group PLC Sharesave 
                                 Plan 2018 
---  ------------------------  --------------------------------- 
 c)   Price(s) and                Price(s)       Volume(s) 
       volume(s)                  -------------  --------------- 
                                   Option Price   2030 options 
                                    177.3 pence    over Ordinary 
                                                   Shares 
                                  -------------  --------------- 
---  ------------------------  --------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated               N/A (single transaction) 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------------- 
 e)   Date of the transaction   22.12.2017 
---  ------------------------  --------------------------------- 
 f)   Place of the              Outside of a trading venue 
       transaction 
---  ------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                       James Gilmour 
---  ------------------------  --------------------------------- 
 2    Reason for the 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                      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              Ordinary shares of GBP0.01 
       instrument, type           each in Motorpoint Group 
       of instrument              PLC ("Ordinary Shares) 
 
       Identification             GB00BD0SFR60 
       code 
---  ------------------------  --------------------------------- 
 b)   Nature of the             Grant of Options under the 
       transaction               Motorpoint Group PLC Sharesave 
                                 Plan 2018 
---  ------------------------  --------------------------------- 
 c)   Price(s) and                Price(s)       Volume(s) 
       volume(s)                  -------------  --------------- 
                                   Option Price   2030 options 
                                    177.3 pence    over Ordinary 
                                                   Shares 
                                  -------------  --------------- 
---  ------------------------  --------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated               N/A (single transaction) 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------------- 
 e)   Date of the transaction   22.012.2017 
---  ------------------------  --------------------------------- 
 f)   Place of the              Outside of a trading venue 
       transaction 
---  ------------------------  --------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                      Jonathan Baird 
---  ------------------------  --------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position/status           PDMR 
---  ------------------------  --------------------------------- 
 b)   Initial notification      Initial Notification 
       /Amendment 
---  ------------------------  --------------------------------- 
 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              Ordinary shares of GBP0.01 
       instrument, type           each in Motorpoint Group 
       of instrument              plc ("Ordinary Shares) 
 
       Identification             GB00BD0SFR60 
       code 
---  ------------------------  --------------------------------- 
 b)   Nature of the             Grant of Options under the 
       transaction               Motorpoint Group PLC Sharesave 
                                 Plan 2018 
---  ------------------------  --------------------------------- 
 c)   Price(s) and                Price(s)       Volume(s) 
       volume(s)                  -------------  --------------- 
                                   Option Price   2030 options 
                                    177.3 pence    over Ordinary 
                                                   Shares 
                                  -------------  --------------- 
---  ------------------------  --------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated               N/A (single transaction) 
       volume 
 
 
       - Price 
---  ------------------------  --------------------------------- 
 e)   Date of the transaction   22.12.2017 
---  ------------------------  --------------------------------- 
 f)   Place of the              Outside of a trading venue 
       transaction 
---  ------------------------  --------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLLFVEFTLFFID

(END) Dow Jones Newswires

December 27, 2017 02:00 ET (07:00 GMT)

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