CT Automotive Group PLC Grant of awards under Long Term Incentive Plan (6546X)
December 21 2023 - 7:00AM
UK Regulatory
TIDMCTA
RNS Number : 6546X
CT Automotive Group PLC
21 December 2023
CT Automotive Group plc (the "Company")
Grant of awards under Long Term Incentive Plan
CT Automotive Group plc announces that on 21 December 2023, the
Company awarded options under the CT Automotive Long Term Incentive
Plan 2022 to its Chief Financial Officer. The award is over
ordinary shares of GBP0.005 ("Ordinary Shares") in the form of
options to acquire Ordinary Shares at nominal value ("LTIP Awards")
as detailed in the table below.
E xecutive Role Number of LTIP Awards
Chief Financial Officer
Anna Brown and Director 151,515
------------------------- ----------------------
The LTIP Awards will vest on the third anniversary of grant
subject to meeting earnings per share performance criteria for the
three year period ending FY2025. 25% of the LTIP Awards will vest
on meeting minimum performance criteria with vesting thereafter on
a straight-line basis.
For further information, please contact:
CT Automotive via MHP
Simon Phillips, Chief Executive
Officer
MHP (Financial PR) Tel: +44 (0)20 3100 8540
Tim Rowntree CTAutomotive@mhpgroup.com
Charlie Barker
Liberum (Nominated Adviser and Tel: +44 (0)20 3100 2000
Broker)
Richard Lindley
Benjamin Cryer
The information set out below is provided in accordance with the
requirements of Regulation 19(3) of the EU Market Abuse Regulation
No 596/2014:
1 Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Anna Brown
-------------------------------- ----------------------------------------
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 CT Automotive Group plc
-------------------------------- ----------------------------------------
(b) LEI 213800RP7B4UJ1DDKY67
-------------------------------- ----------------------------------------
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 Options over Ordinary shares
instrument, type of instrument of GBP0.005 pence each
Identification code ISIN GB00BMHYGR77
-------------------------------- ----------------------------------------
(b) Nature of the transaction Award of options pursuant
to CT Automotive Group plc
2022 Long Term Incentive
Plan
-------------------------------- ----------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
NIL 151,515
-------------------------------- ----------------------------------------
(d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- ----------------------------------------
(e) Date of the transaction 21 December 2023
-------------------------------- ----------------------------------------
(f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------------
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END
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