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Last checked at 
16 Jun 2021 16:08
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 £0.01 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 Ordinary Shares as at Grant Date | Total number of options over Ordinary Shares held as a 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 Chris Morgan, Company Secretary | via FTI Consulting |
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 instrument
Identification code
| Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares") GB00BD0SFR60
| ||||
b)
| Nature of the transaction
| Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume - Price
|
95,558 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 instrument
Identification code
| Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares") GB00BD0SFR60
| ||||
b)
| Nature of the transaction
| Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume - Price
|
69,621 Nil | ||||
e)
| Date of the transaction
| 16 June 2021 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
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