17 Aug 2018 14:00
17 August 2018
Auto Trader Group plc (the "Company", "the Group")
Notification of Transactions by PDMRs
Grant of Awards under the Company's Deferred Annual Bonus Plan
On 17 August 2018 the following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader Group plc Deferred Annual Bonus Plan (the "DABP") as noted below:
Name | Number of Shares under Awards |
Trevor Mather (Director) | 46,004 |
Nathan Coe (Director) | 25,548 |
Subject to the terms of the DABP, the awards will ordinarily vest and become exercisable as from the second anniversary of the grant of the awards subject to the grantee's continued service.
Once exercisable, the awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.
The Company was notified of the above transactions on 17 August 2018. The transactions took place in the United Kingdom.
Grant of Awards under the Company's Performance Share Plan
On 17 August 2018 the following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader Group plc Performance Share Plan (the "PSP") as noted below:
Name | Number of Shares under Awards |
Trevor Mather (Director) | 248,942 |
Nathan Coe (Director) | 165,326 |
Subject to the terms of the PSP, the awards will ordinarily vest and become exercisable as from the third anniversary of the grant of the awards subject to the grantee's continued service and to the extent to which Group operating profit growth and Group revenue growth performance conditions are met over a measurement period comprising three financial years ending on 31 March 2021, as outlined in the 2018 Annual Report.
Once exercisable, awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.
The Company was notified of the above transactions on 17 August 2018. The transactions took place in the United Kingdom.
This notification is in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014. The notification of dealing forms can be found below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||
a) | Name | Trevor Mather | ||
2) | Reason for the notification | |||
a) | Position/status | Chief Executive Officer | ||
b) | Initial notification/Amendment | Initial notification | ||
3 | Details of the issuer | |||
a) | Name | Auto Trader Group plc | ||
b) | LEI | 213800QLK9BZILB1DI86 | ||
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 1 pence each ISIN: GB00BVYVFW23 | ||
b) | Nature of the transaction | Grant of nil cost options over ordinary shares of 1 pence | ||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | |
GBP0 | 46,004 | |||
GBP0 | 248,942 | |||
d) | Aggregated information
| Aggregate Price | Aggregate Volume | Aggregate Total |
GBP0 | 294,946 | GBP0 | ||
e) | Date of the transaction | 17 August 2018 | ||
f) | Place of the transaction | Outside of a trading venue | ||
Details of the person discharging managerial responsibilities / person closely associated | |||
Name | Nathan Coe | ||
Reason for the notification | |||
Position/status | Chief Operating and Financial Officer | ||
Initial notification/Amendment | Initial notification | ||
Details of the issuer | |||
Name | Auto Trader Group plc | ||
LEI | 213800QLK9BZILB1DI86 | ||
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 | |||
Description of the financial instrument, type of instrument. Identification code | Ordinary shares of 1 pence each ISIN: GB00BVYVFW23 | ||
Nature of the transaction | Grant of nil cost options over ordinary shares of 1 pence | ||
Price(s) and volume(s) | Price(s) | Volume(s) | |
GBP0 | 25,548 | ||
GBP0 | 165,326 | ||
Aggregated information
| Aggregate Price | Aggregate Volume | Aggregate Total |
GBP0 | 190,874 | GBP0 | |
Date of the transaction | 17 August 2018 | ||
Place of the transaction | Outside of a trading venue | ||
Enquiries:
Auto Trader Group plcClaire Baty, Company Secretary | +44 (0)161 669 9888 |
Auto Trader (AUTO)