1 Jun 2021 07:00
1 June 2021
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Director/PDMR Shareholdings
Marshall Motor Holdings Plc, one of the UK's leading automotive retail groups, announces that on 28 May 2021, certain Directors and persons discharging managerial responsibilities ('PDMRs') of the Company were awarded ordinary shares in the Company ("Shares") in respect of nil cost options granted in 2017 and 2018 under the Marshall Motor Holdings Plc Performance Share Plan.
The Shares were awarded for nil cost by the trustee of the MMH Employee Benefit Trust, with those Shares being subject to holding periods of four years from the date of grant of those awards.
As a result, the interests of the following Directors and PDMRs in Shares have changed as follows:
Name | Position | Number of Shares* awarded by Trustee | Resultant interest in Shares | % holding of total issued share capital of Company |
Daksh Gupta | Chief Executive Officer | 168,072 | 1,650,000 | 2.11% |
Jamie Crowther | Operations Director | 24,441 | 89,931 | 0.11% |
Jon Head | Operations Director | 18,331 | 18,331 | 0.02% |
Stephen Jones | Company Secretary | 18,331 | 57,382 | 0.07% |
*associated tax and national insurance contribution liabilities arising in respect of the delivery of Shares have already been cash settled.
There is no change to the Company's issued share capital as a result of these transactions.
Details of the notifications received by the Company are set out below:
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Daksh Gupta
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chief Executive | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Marshall Motor Holdings plc | |||
b)
| LEI
| 213800BP3HZWHDWXAY78 | |||
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 | Ordinary shares of 64p each | |||
Identification code | GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Award of Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£Nil | 168,702 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 28 May 2021 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Jamie Crowther | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Operations Director | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Marshall Motor Holdings plc | |||
b)
| LEI
| 213800BP3HZWHDWXAY78 | |||
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 | Ordinary shares of 64p each | |||
Identification code | GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Award of Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£Nil | 24,441 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 28 May 2021 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Jon Head | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Operations Director | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Marshall Motor Holdings plc | |||
b)
| LEI
| 213800BP3HZWHDWXAY78 | |||
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 | Ordinary shares of 64p each | |||
Identification code | GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Award of Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£Nil | 18,331 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 28 May 2021 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Stephen Jones | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Company Secretary | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Marshall Motor Holdings plc | |||
b)
| LEI
| 213800BP3HZWHDWXAY78 | |||
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 | Ordinary shares of 64p each | |||
Identification code | GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Award of Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£Nil | 18,331 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 28 May 2021 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
For further information and enquiries please contact:
Marshall Motor Holdings plc | c/o Hudson Sandler |
Daksh Gupta, Chief Executive Officer | Tel: +44 (0) 20 7796 4133 |
Richard Blumberger, Chief Financial Officer
| |
Investec Bank plc (Financial Adviser, NOMAD & Broker) | Tel: +44 (0) 20 7597 5970 |
Christopher Baird | |
David Flin | |
David Anderson
| |
Hudson Sandler | Tel: +44 (0) 20 7796 4133 |
Nick Lyon Bertie Berger | |
Nick Moore |
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. The Group's businesses have a total of 115 franchises covering 22 brands, across 29 counties in England. In addition, the Group operates six trade parts specialists, two used car centres, six standalone body shops and one pre delivery inspection centre.
In April 2021 the Group was recognised by the Great Place to Work Institute, being ranked the 12th best place to work in the UK (super large company category). This was the eleventh year in succession that the Group has achieved Great Place to Work status.