Last checked at 19 Sep 2019 11:43
19 September 2019
Motorpoint Group Plc
("Motorpoint" or "the Company")
Transactions by Persons Discharging Managerial Responsibility ("PDMR")and persons closely associated with them
Motorpoint, the UK's largest independent vehicle retailer, hereby notifies the market that on 19 September 2019, the Company received notification from David Shelton, a non-executive director of Motorpoint, that via Shoby Investments Partnership he has sold his remaining 2,396,726 ordinary shares in the Company on the London Stock Exchange at a price of 210 pence per share. Numis agreed to waive the lock-up pursuant to the Placing which was announced on 6 September 2019.
The Notification of Dealing Form provided in accordance with the requirements of Article 19 of the Market Abuse Regulation (EU) No 596/2014 in relation to the transaction listed above is set out below:
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Shoby Investments Partnership | ||||
2. | Reason for the notification | |||||
a) | Position/status | PCA with David Shelton, Non-Executive Director | ||||
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
ISIN Code: GB00BD0SFR60
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b) | Nature of the transaction | Disposal | ||||
c) | Price(s) and volume(s):
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d) | Aggregated information:
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e) | Date of the transaction | 18 September 2019 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
For the purposes of the Market Abuse Regulation (EU) 596/2014 and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Manjit Virk, Company Secretary.
Contact Information: |
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Motorpoint Group Plc (www.motorpointplc.com) Manjit K. Virk, Company Secretary
| Via FTI Consulting |
FTI Consulting (Financial PR) Alex Beagley James Styles Fern Duncan
| 020 3727 1000 |
Notes to editors
Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company'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 five have opened in the last five years; together with a national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and www.motorpoint.co.uk.