Last checked at 28 Jun 2023 07:00
28 June 2023
Motorpoint Group plc
("Motorpoint", the "Group" or the "Company")
Awards granted under the Performance Share Plan
Motorpoint, the UK's leading independent omnichannel used vehicle retailer, announces that on 27 June 2023 (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). The Options are ordinarily 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 the executive directors and senior management have strengthened the business. Following the vesting of the Options held, 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) | 214,220 | 520,914 | 0.58% |
Chris Morgan (CFO) | 156,074 | 323,070 | 0.36% |
Motorpoint Group PLC Mark Carpenter, Chief Executive Officer | via FTI Consulting |
Chris Morgan, Chief Financial Officer
FTI Consulting (Financial PR) Alex Beagley Sam Macpherson Harriet Jackson Amy Goldup |
020 3727 1000 |
Notes to editors
Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best choice, value, service and quality for customers. The Group is proud to have been recognised for nine consecutive years as one of the Top 100 Best Companies to Work For.
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 | Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares") | |||
Identification code | GB00BD0SFR60 | ||||
b)
| Nature of the transaction
| Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil cost option | 214,220 Options over Ordinary Shares | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 214,220 | ||||
- Price | Nil | ||||
e)
| Date of the transaction
| 27 June 2023 | |||
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 | Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares") | |||
Identification code | GB00BD0SFR60 | ||||
b)
| Nature of the transaction
| Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil cost option | 156,074 Options over Ordinary Shares | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 156,074 | ||||
- Price | Nil | ||||
e)
| Date of the transaction
| 27 June 2023 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||