Motorpoint Group plc Grant of Options under SAYE Scheme (2757A)
December 27 2017 - 2:00AM
UK Regulatory
TIDMMOTR
RNS Number : 2757A
Motorpoint Group plc
27 December 2017
27 December 2017
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 22
December 2017.
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 177.3 pence, representing a 10% discount to
the closing middle market price of the Ordinary Shares on 1
December 2017 ("Options"), the dealing day before the invitation to
participate was made. The Options have a contract start date of 1
February 2018 and are exercisable between 1 February 2021 and 31
July 2021.
A total of 286 employees out of 785 elected to participate, and
pursuant to these elections a total of 417,765 shares under Option
have been granted, equating to 0.42% of the current issued share
capital.
Mark Carpenter (CEO), James Gilmour (CFO) and Jonathan Baird
(PDMR) of the Company, have elected to participate in the SAYE
scheme and are included in the total figures above. Their
individual Option pursuant to the SAYE scheme are as follows:
Mark Carpenter: 2,030 shares
under Option
James Gilmour: 2,030 shares
under Option
Jonathan 2,030 shares
Baird: under Option
As a result of these Option grants, Mr Carpenter, Mr Gilmour and
Mr Baird's respective direct interests in Ordinary Shares are as
follows:
Director / PDMR Ordinary Shares held Number of Options Total number of options Total interest in
granted over Ordinary Shares Ordinary Shares as a
percentage of current
issued share capital
(%)
----------------- --------------------- ------------------------ ------------------------ ------------------------
Mark Carpenter 8,874,556 2,030 310,738 9.17
----------------- --------------------- ------------------------ ------------------------ ------------------------
James Gilmour 175,317 2,030 225,197 0.4
----------------- --------------------- ------------------------ ------------------------ ------------------------
Jonathan Baird 755,108 2,030 64,387 0.82
----------------- --------------------- ------------------------ ------------------------ ------------------------
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) Via FTI Consulting
Manjit Virk, Company Secretary
FTI Consulting (Financial PR)
Jonathon Brill
Alex Beagley 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 seven 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.
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 Initial Notification
/Amendment
--- ------------------------ ---------------------------------
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 Ordinary shares of GBP0.01
instrument, type each in Motorpoint Group
of instrument plc ("Ordinary Shares)
Identification GB00BD0SFR60
code
--- ------------------------ ---------------------------------
b) Nature of the Grant of Options under the
transaction Motorpoint Group PLC Sharesave
Plan 2018
--- ------------------------ ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------- ---------------
Option Price 2030 options
177.3 pence over Ordinary
Shares
------------- ---------------
--- ------------------------ ---------------------------------
d) Aggregated information
- Aggregated N/A (single transaction)
volume
- Price
--- ------------------------ ---------------------------------
e) Date of the transaction 22.12.2017
--- ------------------------ ---------------------------------
f) Place of the Outside of a trading venue
transaction
--- ------------------------ ---------------------------------
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 Initial Notification
/Amendment
--- ------------------------ ---------------------------------
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 Ordinary shares of GBP0.01
instrument, type each in Motorpoint Group
of instrument PLC ("Ordinary Shares)
Identification GB00BD0SFR60
code
--- ------------------------ ---------------------------------
b) Nature of the Grant of Options under the
transaction Motorpoint Group PLC Sharesave
Plan 2018
--- ------------------------ ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------- ---------------
Option Price 2030 options
177.3 pence over Ordinary
Shares
------------- ---------------
--- ------------------------ ---------------------------------
d) Aggregated information
- Aggregated N/A (single transaction)
volume
- Price
--- ------------------------ ---------------------------------
e) Date of the transaction 22.012.2017
--- ------------------------ ---------------------------------
f) Place of the Outside of a trading venue
transaction
--- ------------------------ ---------------------------------
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 Initial Notification
/Amendment
--- ------------------------ ---------------------------------
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 Ordinary shares of GBP0.01
instrument, type each in Motorpoint Group
of instrument plc ("Ordinary Shares)
Identification GB00BD0SFR60
code
--- ------------------------ ---------------------------------
b) Nature of the Grant of Options under the
transaction Motorpoint Group PLC Sharesave
Plan 2018
--- ------------------------ ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ------------- ---------------
Option Price 2030 options
177.3 pence over Ordinary
Shares
------------- ---------------
--- ------------------------ ---------------------------------
d) Aggregated information
- Aggregated N/A (single transaction)
volume
- Price
--- ------------------------ ---------------------------------
e) Date of the transaction 22.12.2017
--- ------------------------ ---------------------------------
f) Place of the Outside of a trading venue
transaction
--- ------------------------ ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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