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20 Sep 2024 10:00
20 Sept 2024
Auto Trader Group plc ("Auto Trader", the "Company", or "the Group")
Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")
Grant of Awards under the Company's 2024 Long Term Incentive Plan ("LTIP")
The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the LTIP as noted below:
Name | Number of Shares under Awards |
Nathan Coe (Director) | 235,118 |
Catherine Faiers (Director) | 105,198 |
Jamie Warner (Director) | 116,887 |
Subject to the terms of the LTIP, the awards will ordinarily vest and become exercisable from the later of; the date on which the Committee determines the extent to which the applicable performance conditions have been satisfied and 26 June 2027.
The awards will be subject to the grantee's continued service and the extent to which performance conditions are met over a measurement period comprising three consecutive financial years ending with the 2026/27 financial year. The performance conditions are as outlined in the DRR in the 2024 Annual Report.
In line with best practice and shareholder expectations, the Remuneration Committee shall retain discretion to adjust the vesting outcome if it is not considered to be reflective of underlying financial or non-financial performance of the business or the performance of the individual over the performance period, or where the outcome is not considered appropriate in the context of the experience of shareholders or other stakeholders.
Once exercisable, awards shall ordinarily remain exercisable until the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.
The Company was notified of the above transactions on 20 September 2024. The transactions took place in the United Kingdom.
The notification of dealing forms can be found below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Nathan Coe | ||
2) | Reason for the notification | |||
a) | Position/status | Chief Executive Officer | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of the issuer | |||
a) | Name | Auto Trader Group plc | ||
b) | LEI | 213800QLK9BZILB1DI86 | ||
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 instrument. Identification code | Ordinary shares of 1 pence each ISIN: GB00BVYVFW23 | ||
b) | Nature of the transaction | Grant of nil cost option over ordinary shares of 1 pence | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
GBP0 | 235,118 | |||
d) | Aggregated information
| N/A single transaction | ||
e) | Date of the transaction | 20 September 2024 | ||
f) | Place of the transaction | Outside of a trading venue | ||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Catherine Faiers | ||
2) | Reason for the notification | |||
a) | Position/status | Chief Operating Officer | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of the issuer | |||
a) | Name | Auto Trader Group plc | ||
b) | LEI | 213800QLK9BZILB1DI86 | ||
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 instrument. Identification code | Ordinary shares of 1 pence each ISIN: GB00BVYVFW23 | ||
b) | Nature of the transaction | Grant of nil cost option over ordinary shares of 1 pence | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
GBP0 | 105,198 | |||
d) | Aggregated information
| N/A single transaction | ||
e) | Date of the transaction | 20 September 2024 | ||
f) | Place of the transaction | Outside of a trading venue | ||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Jamie Warner | ||
2) | Reason for the notification | |||
a) | Position/status | Chief Financial Officer | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of the issuer | |||
a) | Name | Auto Trader Group plc | ||
b) | LEI | 213800QLK9BZILB1DI86 | ||
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 instrument. Identification code | Ordinary shares of 1 pence each ISIN: GB00BVYVFW23 | ||
b) | Nature of the transaction | Grant of nil cost option over ordinary shares of 1 pence | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
GBP0 | 116,887 | |||
d) | Aggregated information
| N/A single transaction | ||
e) | Date of the transaction | 20 September 2024 | ||
f) | Place of the transaction | Outside of a trading venue | ||
Enquiries:
Auto Trader Claire Baty, Company Secretary | 0345 111 0006 |
About Auto Trader
Auto Trader Group plc is the UK's largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.
Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.
With the largest number of car buyers and the largest choice of trusted stock, Auto Trader's marketplace sits at the heart of the UK car buying process. That marketplace is built on an industry-leading technology and data platform, which is increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience, whilst enabling all its retailer partners to sell vehicles online.
Auto Trader publishes a monthly used car Retail Price Index which is based on pricing analysis of circa 800,000 unique vehicles. The same data that powers the Index is used by the Office for National Statistics to make the UK's official measures of inflation more robust, as well as the Bank of England to feed the broader UK economic indicators.
For more information, please visit: https://plc.autotrader.co.uk/
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