28 Nov 2019 10:59
28 November 2019
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Grant of options under Marshall Motor Holdings Plc Performance Share Plan
Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 28 November 2019 the following directors and persons discharging managerial responsibilities ("PDMR") were granted nil cost options under the rules of the Marshall Motor Holdings Plc Performance Share Plan ("PSP") to acquire ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:
Director/PDMR | Position | Number of Ordinary Shares under option | Exercise price |
Daksh Gupta | Chief Executive Officer | 223,842 | £Nil |
Richard Blumberger | Chief Financial Officer | 102,632 | £Nil |
Jamie Crowther | Operations Director | 35,088 | £Nil |
Jon Head | Commercial Director | 28,070 | £Nil |
Stephen Jones | Company Secretary | 35,088 | £Nil |
The vesting date of the options will be 28 November 2022, being the third anniversary of the award date. Shares acquired will then be subject to a holding period until the announcement by the Company of its 2022 annual results.
These options are subject to the rules of the PSP and will vest dependent upon continued employment and subject to the Remuneration Committee being satisfied that there has been no material deterioration in the Company's performance which significantly departs from any market deterioration.
Details of the full 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 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
| 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 Identification code | Ordinary shares of 64p each
ISIN Code: GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan | ||||
c) | Currency | GBP | ||||
d)
| Price(s) and volume(s)
|
| ||||
e)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
f)
| Date of the transaction
| 28 November 2019 | ||||
g)
| Place of the transaction
| Outside a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a)
| Name
| Richard Blumberger
| ||||
2 | Reason for 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
| 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 Identification code | Ordinary shares of 64p each
ISIN Code: GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan | ||||
c) | Currency | GBP | ||||
d)
| Price(s) and volume(s)
|
| ||||
e)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
f)
| Date of the transaction
| 28 November 2019 | ||||
g)
| 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 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 Identification code | Ordinary shares of 64p each
ISIN Code: GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan | ||||
c) | Currency | GBP | ||||
d)
| Price(s) and volume(s)
|
| ||||
e)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
f)
| Date of the transaction
| 28 November 2019 | ||||
g)
| 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 notification | |||||
a)
| Position/status | Commercial 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 Identification code | Ordinary shares of 64p each
ISIN Code: GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan | ||||
c) | Currency | GBP | ||||
d)
| Price(s) and volume(s)
|
| ||||
e)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
f)
| Date of the transaction
| 28 November 2019 | ||||
g)
| 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 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 Identification code | Ordinary shares of 64p each
ISIN Code: GB00BVYB2Q58 | ||||
b)
| Nature of the transaction
| Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan | ||||
c) | Currency | GBP | ||||
d)
| Price(s) and volume(s)
|
| ||||
e)
| Aggregated information - Aggregated volume - Price | N/A
| ||||
f)
| Date of the transaction
| 28 November 2019 | ||||
g)
| Place of the transaction
| Outside a trading venue | ||||
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc | c/o Hudson Sandler Tel: +44 (0) 20 7796 4133 |
Daksh Gupta, Chief Executive Officer | |
Richard Blumberger, Chief Financial Officer | |
Investec Bank plc (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 comprise a total of 110 franchises covering 24 brands, operating from 87 locations across 27 counties in England. In addition, the Group operates six trade parts specialists, two used car centres, five standalone body shops and one pre delivery inspection centre.
In May 2019 the Group was recognised by the Great Place to Work Institute, being ranked the 11th best place to work in the UK (super large company category). This was the ninth year in succession that the Group has achieved Great Place to Work status.