Last checked at 3 Feb 2023 10:40
03 February 2023
Motorpoint Group plc
("Motorpoint", the "Group" or the "Company")
Notification of Transactions by Person Discharging Managerial Responsibility and Person (PDMR) Closely Associated with Them
John Walden, Chair of Motorpoint Group plc's Board and a PDMR, elected to purchase shares in Motorpoint Group plc as detailed in the table below.
The notifications at the end of the announcement, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the shares purchased.
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
| John Walden | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chair of the Board of Directors | |||
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
| Purchase of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Share Price 145.73 pence | 137,000 Ordinary Shares | ||||
d)
| Aggregated information | ||||
- Aggregated volume | N/A (single transaction) | ||||
- Price | |||||
e)
| Date of the transaction
| 01 February 2023 | |||
f)
| Place of the transaction
| OTC | |||
For further information, please contact:
Motorpoint Group PLC Mark Carpenter, Chief Executive Officer Chris Morgan, Chief Financial Officer | via FTI Consulting |
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 19 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 eight consecutive years as one of the Top 100 Best Companies to Work For.