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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.35% | 142.00 | 142.00 | 142.50 | 142.00 | 142.00 | 142.00 | 67,789 | 09:47:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 1.09B | -10.4M | -0.1185 | -11.98 | 124.18M |
TIDMMOTR
RNS Number : 8244X
Motorpoint Group plc
22 December 2023
22 December 2023
Motorpoint Group plc
("Motorpoint", the "Group" or the "Company")
Grant of Options under SAYE Scheme
Motorpoint Group plc, the UK's leading independent omnichannel vehicle retailer, is pleased to announce that it launched its 2024 Save As You Earn ("SAYE") share scheme for all its permanent employees on 22 December 2023. The SAYE scheme is approved by HM Revenue and Customs.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Shares") at an exercise price of 69.00 pence, representing a 10% discount to the average closing middle market price of the Shares over the three day period ending on 29 November 2023 ("Options"), the dealing day before the invitation to participate was made. The exercise price was calculated in accordance with the rules of the SAYE scheme. The Options have a contract start date of 1 February 2024 and are exercisable between 1 February 2027 and 31 July 2027.
A total of 275 employees (including two persons discharging managerial responsibility ("PDMR's")) elected to participate in the SAYE scheme. Pursuant to these elections, a total of 1,335,935 Shares under Option were granted on 22 December 2023, equating to 1.48% of the current issued share capital.
Mark Carpenter, Chief Executive Officer of the Company, and Chris Morgan, Chief Financial Officer, both PDMR's, elected to participate in the SAYE scheme and are included in the total figures above. Pursuant to the 2023 SAYE scheme, they each have 5,376 Shares under Option.
The notifications at the end of the announcement, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the Options granted.
For further information, please contact:
Motorpoint Group PLC via FTI Consulting Mark Carpenter, Chief Executive Officer Chris Morgan, Chief Financial Officer FTI Consulting (Financial PR) Alex Beagley Amy Goldup Harriet Jackson 020 3727 1000
Notes to editors
Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection branches, , where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best choice, value, service and quality for customers. The Group is proud to have been recognised for nine consecutive years as one of the Top 100 Best Companies to Work For.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities 1 / person closely associated a) Name M ark Carpenter -------------------------------- ---------------------------------------------- Reason for the notification 2 -------------------------------------------------------------------------------- a) Position/status C hief Executive Officer -------------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment -------------------------------- ---------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor -------------------------------------------------------------------------------- a) Name Motorpoint Group Plc -------------------------------- ---------------------------------------------- b) LEI 213800WG8RSE45I3MF22 -------------------------------- ---------------------------------------------- Details of the transaction(s): section to be repeated 4 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 Ordinary shares of GBP0.01 each in financial instrument, Motorpoint Group plc ("Ordinary Shares") type of instrument Identification code GB00BD0SFR60 b) Nature of the transaction G rant of Options under Motorpoint Group plc Share Plan 2021 -------------------------------- ---------------------------------------------- c) Price(s) and volume(s) --------------------- --------------------- Price(s) Volume(s) --------------------- --------------------- O ption Price 5,376 Options 69.00 pence over Ordinary Shares --------------------- --------------------- d) Aggregated information - Aggregated volume 5,376 - Price Option Price 69.00 pence e) Date of the transaction 22 December 2023 -------------------------------- ---------------------------------------------- f) Place of the transaction Outside of a trading venue -------------------------------- ---------------------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Chris Morgan ------------------------------- ---------------------------------------------- Reason for the notification 2 ------------------------------------------------------------------------------- a) Position/status C hief Financial Officer ------------------------------- ---------------------------------------------- b) Initial notification Initial Notification /Amendment ------------------------------- ---------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ------------------------------------------------------------------------------- a) Name Motorpoint Group Plc ------------------------------- ---------------------------------------------- b) LEI 213800WG8RSE45I3MF22 ------------------------------- ---------------------------------------------- Details of the transaction(s): section to be repeated 4 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 Ordinary shares of GBP0.01 each in financial instrument, Motorpoint Group plc ("Ordinary Shares") type of instrument Identification code GB00BD0SFR60 b) Nature of the transaction G rant of Options under Motorpoint Group plc Share Plan 2021 ------------------------------- ---------------------------------------------- c) Price(s) and volume(s) ---------------------- -------------------- Price(s) Volume(s) ---------------------- -------------------- Option Price 69 5,376 Options pence over Ordinary Shares ---------------------- -------------------- d) Aggregated information - Aggregated volume 5,376 - Price Option price 69.00 pence e) Date of the transaction 22 December 2023 ------------------------------- ---------------------------------------------- f) Place of the transaction Outside of a trading venue ------------------------------- ----------------------------------------------, 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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December 22, 2023 07:35 ET (12:35 GMT)
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