Motorpoint Group plc Awards granted under the Performance Share Plan (1487C)
16 Giugno 2021 - 05:08PM
UK Regulatory
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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END
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