26 May 2016 16:56
26 May 2016
Marshall Motor Holdings PLC
(the 'Company')
Director/PDMR shareholding replacement
This announcement amends the number of shares purchased and replaces the announcement released at 10.43am today.
The Company has been notified that on 26 May 2016, Daksh Gupta, CEO, acquired 7,700 ordinary shares of 64p each in the Company at a price of 193.80p per share. His spouse, Mackenzie Gupta, also acquired 7,700 ordinary shares of 64p each in the Company at a price of 193.80p per share. Following this purchase, Mr Gupta has an interest in 708,910 ordinary shares, representing approximately 0.90 percent of the Company's issued share capital.
For further information and enquiries please contact:
Marshall Motor Holdings plc | c/o Hudson Sandler |
Daksh Gupta, Group Chief Executive | Tel: +44 (0) 20 7796 4133 |
Mark Raban, Chief Financial Officer | |
Investec Bank plc (Financial Adviser, NOMAD & Broker) | Tel: +44 (0) 20 7597 4000 |
Christopher Baird | |
David Flin | |
David Anderson | |
Hudson Sandler | Tel: +44 (0) 20 7796 4133 |
Nick Lyon Alex Brennan | |
Bertie Berger |
Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new and used vehicles through Marshall Motor group and the leasing of vehicles through Marshall Leasing. Following the Acquisition, the Group's businesses have a total of 103 franchises covering 24 brands, operating from 89 sites across 25 counties in England. In addition, the Group operates five trade parts specialists, seven used car centres, four standalone body shops, one forecourt and one PDI centre. Its diverse portfolio means it represents manufacturer brands whose combined market share of all new vehicle sales in the UK gives the Group the highest market coverage of any UK dealer group.
With pro forma 2015 revenues of £2.1bn, the Group becomes the 7th largest motor dealer group in the UK. MMH was admitted to trading on AIM in April 2015. The Group's market capitalisation was £117.0m (as at the latest practicable date prior to the publication of this announcement), with adjusted cash of £24.1m (before £51.4m of asset backed vehicle finance within its Leasing segment) and net assets per fully diluted share of 165 pence as at 31 December 2015.
In May 2016 the Group was recognised by the Great Place to Work Institute, being ranked the 19th best place to work in the UK (large company category).
Cautionary statement
This announcement contains unaudited information based on management accounts and forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts and undue reliance should not be placed on any such statements because they speak only as at the date of this document and are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and the Group's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. MMH undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.
This information is provided by RNS
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