MOTR Motorpoint Group Plc

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 
      -------------------------------  ---------------------------------------------- 
 

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December 22, 2023 07:35 ET (12:35 GMT)