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21 Dec 2018 15:26
21 December 2018
Motorpoint Group Plc
("Motorpoint" or "the Company")
Grant of Options under SAYE Scheme
Motorpoint, the UK's largest independent vehicle retailer, is pleased to announce that it has launched a Save As You Earn ("SAYE") share scheme for all its permanent employees on 21 December 2018.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Ordinary Shares") at an exercise price of 1.89 pence, representing a 10% discount to the closing middle market price of the Ordinary Shares on 30 November 2018 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 February 2019 and are exercisable between 1 February 2022 and 31 July 2021.
A total of 204 employees out of 763 elected to participate, and pursuant to these elections a total of 283,012 shares under Option have been granted, equating to 0.29% of the current issued share capital.
Mark Carpenter (CEO), James Gilmour (CFO), Jonathan Baird (PDMR), Catherine Moseley (PDMR) and Eleanor Shakespeare (PDMR) of the Company, have elected to participate in the SAYE scheme and are included in the total figures above. Their individual Options pursuant to the SAYE scheme are as follows:
Mark Carpenter: 1,904 shares under Option
James Gilmour: 1,904 shares under Option
Jonathan Baird: 1,904 shares under Option
Catherine Moseley: 1,904 shares under Option
Eleanor Shakespeare: 1,904 shares under Option
As a result of these Option grants, the above individual's respective direct interests in Ordinary Shares are as follows:
Director / PDMR | Ordinary Shares held | Number of Options granted | Total number of options over Ordinary Shares | Total interest in Ordinary Shares as a percentage of current issued share capital (%) |
Mark Carpenter | 8,874,556 | 1,904 | 418,981 | 9.59 |
James Gilmour | 175,317 | 1,904 | 310,504 | 0.50 |
Jonathan Baird | 377,608 | 1,904 | 91,312 | 0.48 |
Catherine Moseley | Nil | 1,904 | 17,775 | 0.02 |
Eleanor Shakespeare | Nil | 1,904 | 17,514 | 0.02 |
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.
Contact Information: |
|
Motorpoint Group Plc (www.motorpointplc.com) Manjit Virk, Company Secretary
| Via FTI Consulting |
FTI Consulting (Financial PR) Alex Beagley James Styles
| 020 3727 1000 |
Notes to editors
Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 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 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which four have opened in the last three years; together with a national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and www.motorpoint.co.uk.
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 Options under the Motorpoint Group Plc Sharesave Plan 2019 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| ||||
e)
| Date of the transaction
| 21.12.2018 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| James Gilmour | ||||
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 Options under the Motorpoint Group Plc Sharesave Plan 2019 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| ||||
e)
| Date of the transaction
| 21.12.2018 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Jonathan Baird | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
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 Options under the Motorpoint Group Plc Sharesave Plan 2019 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| ||||
e)
| Date of the transaction
| 21.12.2018 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Catherine Moseley | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
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 Options under the Motorpoint Group Plc Sharesave Plan 2019 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| ||||
e)
| Date of the transaction
| 21.12.2018 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Eleanor Shakespeare | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR | ||||
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 Options under the Motorpoint Group Plc Sharesave Plan 2019 | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction)
| ||||
e)
| Date of the transaction
| 21.12.2018 | ||||
f)
| Place of the transaction
| Outside of a trading venue | ||||
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