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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