Motorpoint Group plc Awards granted under the Performance Share Plan
June 27 2024 - 5:03AM
RNS Regulatory News
RNS Number : 1560U
Motorpoint Group plc
27 June 2024
27 June 2024
Motorpoint Group plc
("Motorpoint", the "Group" or the "Company")
Awards
granted under the Performance Share Plan
Motorpoint, the UK's leading
independent omnichannel vehicle retailer, announces that on 26 June
2024 (the "Grant Date")
awards of Restricted Shares over ordinary shares of £0.01 each in
the capital of the Company ("Ordinary Shares") were made under the
Company's Performance Share Plan ("PSP") to the Persons Discharging
Managerial Responsibilities as set out below (the "Awards").
The Awards set out below are in the
form of nil cost options over Ordinary Shares ("Options") and were granted under and
are subject to the terms of the PSP. The Options ordinarily
vest on the third, fourth and fifth anniversaries of the grant (in
50%, 25% and 25% portions respectively). The Options are ordinarily
subject to the grantee's continued service and a performance
condition requiring the Remuneration Committee of the Company to be
satisfied that the business performance is robust and sustainable,
and that the executive directors and senior management have
strengthened the business. Following the vesting of the Options
held, any vested Ordinary Shares are subject to a holding period
which expires no earlier than the fifth anniversary of the Grant
Date, during which time they may not be sold. The Options shall
ordinarily remain exercisable until the eve of the tenth
anniversary of the Grant Date.
Name
|
Number of Options granted
|
Total number of options over
Ordinary Shares as at Grant Date
|
Total number of options over
Ordinary Shares held as a percentage of current issued share
capital as at Grant Date
|
Mark Carpenter
(CEO)
|
193,931
|
720,221
|
0.81%
|
Chris Morgan
(CFO)
|
145,532
|
473,978
|
0.54%
|
Motorpoint Group PLC
Mark Carpenter, Chief Executive
Officer
|
via FTI Consulting
|
Chris Morgan, Chief Financial
Officer
FTI
Consulting (Financial PR)
Alex Beagley
Amy Goldup
Harriet Jackson
|
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 20 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.
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
|
Ordinary shares
of £0.01 each in Motorpoint Group
plc ("Ordinary Shares")
|
|
|
Identification code
|
GB00BD0SFR60
|
|
|
b)
|
Nature of the transaction
|
Grant of Restricted Shares under the
Motorpoint Group Plc Performance Share Plan
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
Nil cost option
|
193,931 Options over Ordinary
Shares
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
- Aggregated volume
|
193,931
|
|
|
- Price
|
Nil
|
|
|
e)
|
Date of the transaction
|
26 June 2024
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Chris Morgan
|
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
|
Ordinary shares
of £0.01 each in Motorpoint Group
plc ("Ordinary Shares")
|
|
|
Identification code
|
GB00BD0SFR60
|
|
|
b)
|
Nature of the transaction
|
Grant of Restricted Shares under the
Motorpoint Group Plc Performance Share Plan
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
Nil cost option
|
145,532 Options over Ordinary
Shares
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
- Aggregated volume
|
145,532
|
|
|
- Price
|
Nil
|
|
|
e)
|
Date of the transaction
|
26 June 2024
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
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