PDG.L Regulatory News (PDG)

Director

Number of performance awards

W R Berman

3,478,077

M S Casha 

2,026,003

M S Willis 

 1,912,942

Financial & ESG Metrics

Performance Condition & Weighting

Threshold

(16.66% of Max Potential)

Target

(66.66% of Max Potential)

Maximum/Stretch

(100% of Max Potential)

EPS Year End 2024

Weighting: 70%

3.2p

- 16.66% of max potential

4.0p

5.0p

ESG Metric Carbon

Weighting: 5%

Overall Carbon Emissions Reduction of 4% by 2024

Overall Carbon Emissions Reduction of 5% by 2024

Overall Carbon Emissions Reduction of 6.25% by 2024

Business Strategic Metrics

Performance Condition & Weighting

Underpin Metrics: must achieve qualitative metrics to be eligible for payout at Target and Maximum

Target

(66.66% of Max Potential)

Maximum/Stretch

(100% of Max Potential)

Strategic Metrics: Used Car Weighting: 15%

Deliver qualitative Metrics:

· Open a minimum of three further standalone, and fifteen small format, CarStore locations;

· Design, build and implement a used car acquisition, management and pricing platform;

· Design, build and implement rate- for-risk used finance capability1;

· Design, build and implement menu-based insurance product pricing for used vehicles1

Note 1 - subject to Stratstone OEM approval

Deliver year end 2024 Gross Profit of £180m

Deliver year end 2024 Gross Profit of £213.7m

Strategic Metrics:

Pinewood

Weighting: 10%

Revise pricing model to differentiate between core/value add mobile apps

Deliver Revenue of £30m by year end 2024

Deliver Revenue of £32.6m  by year end 2024

1. Vesting achieved in a Straight Line between target points;

2. Remuneration Committee retains discretion to adjust Gross Profit targets both up and down if market conditions are materially different to those considered in the 2022 Refresh of 2020 Strategy targets (presented to the Board in June 2022);

3. Award is subject to the operating expenses being in line with the 2024 Board approved budget. Remuneration Committee retain discretion to adjust the budget for material adverse/positive events;

4. Award is subject to Capital investment being in line with the 2020 Strategy plan cumulatively to 2024. Remuneration Committee retain discretion to review Capital expenditure for material changes in Manufacturer and other non-discretionary items

Director

Number of Shares

Percentage of issued capital

M S Casha

11,098,524

0.79

W Berman

1,462,114

0.10

M S Willis

804,163

0.06

1

Details of the person discharging managerial responsibilities/persons closely associated

a)

Name

William Berman

2

Reason for 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

Pendragon PLC

b)

LEI

213800VRSPZFOGMMIS18

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 and identification code

Ordinary Shares of £0.05 each

ISIN: GB00B1JQBT10

b)

Nature of transaction

Award of conditional LTIP shares as nil cost options

c)

Price(s) and volume(s)

d)

Aggregated Information

e)

Date of transaction

14 August 2022

f)

Place of transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities/persons closely associated

a)

Name

Martin Casha

2

Reason for notification

a)

Position/Status

Chief Operating Officer

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Pendragon PLC

b)

LEI

213800VRSPZFOGMMIS18

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 and identification code

Ordinary Shares of £0.05 each

ISIN: GB00B1JQBT10

b)

Nature of transaction

Award of conditional LTIP shares as nil cost options

c)

Price(s) and volume(s)

d)

Aggregated Information

e)

Date of transaction

14 August 2022

f)

Place of transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities/persons closely associated

a)

Name

Mark Willis

2

Reason for notification

a)

Position/Status

Chief Finance Officer

b)

Initial notification/amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Pendragon PLC

b)

LEI

213800VRSPZFOGMMIS18

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 and identification code

Ordinary Shares of £0.05 each

ISIN: GB00B1JQBT10

b)

Nature of transaction

Award of conditional LTIP shares as nil cost options

c)

Price(s) and volume(s)

d)

Aggregated Information

e)

Date of transaction

14 August 2022

f)

Place of transaction

London Stock Exchange (XLON)