Lookers PLC Director/PDMR Shareholding (0498M)
October 07 2016 - 12:28PM
UK Regulatory
TIDMLOOK
RNS Number : 0498M
Lookers PLC
07 October 2016
7(th) October 2016
Lookers plc
("Lookers" or the "Company")
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMR") and persons
closely associated with them ("PCA")
On 4(th) October 2016, the PDMR named below was granted an
option to acquire the number of ordinary shares of 5 pence each
("Ordinary Shares") in the capital of Lookers set out opposite his
name under the terms of the Lookers plc Sharesave Scheme ("SAYE")
at a fixed option price of GBP1.0747 pence per Ordinary Share.
Name / Position of Number of Ordinary Shares
PDMR over which the option
is held
--------------------- --------------------------
Robin Gregson Group
Finance Director 8,374
--------------------- --------------------------
The option grant was notified to the Company by the individual
referred to above on 4(th) October 2016.
The individual referred to above has entered into a savings
contract with Yorkshire Building Society under which a regular sum
will be saved each month for a period of three years. The number of
Ordinary Shares over which each option is held is the number of
Ordinary Shares which have an aggregate option price not exceeding
the projected proceeds of the savings contract. In normal
circumstances, each option will not be capable of being exercised
until 1 December 2019 (the maturity date of the savings
contract).
In accordance with the rules of the SAYE, no consideration was
paid by the above named individual for the option granted to him.
Each option is subject to, and governed by, the rules of the SAYE
and the legislation relating to the SAYE.
This announcement, including the notification below, is made in
accordance with the requirements of the EU Market Abuse
Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Robin Gregson
--- ------------------------ -----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Director/PDMR
--- ------------------------ -----------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ -----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name Lookers plc
--- ------------------------ -----------------------------
b) LEI N/A
--- ------------------------ -----------------------------
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 Ordinary shares of 5 pence
the financial each
instrument, type
of instrument
Identification ISIN: GB00B17MMZ46
code
--- ------------------------ -----------------------------
b) Nature of the Grant of options to acquire
transaction shares under the Lookers
plc Sharesave Scheme.
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
GBP1.0747 8,374
----------- ----------
--- ------------------------ -----------------------------
d) Aggregated information As above
- Aggregated
volume
- Price
--- ------------------------ -----------------------------
e) Date of the transaction 4(th) October 2016
--- ------------------------ -----------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------ -----------------------------
On 4(th) October 2016, the PDMR named below was granted an
option to acquire the number of ordinary shares of 5 pence each
("Ordinary Shares") in the capital of Lookers set out opposite his
name under the terms of the Lookers plc Sharesave Scheme ("SAYE")
at a fixed option price of GBP1.0747 pence per Ordinary Share.
Name / Position of Number of Ordinary Shares
PDMR over which the option
is held
-------------------- --------------------------
Andrew Bruce CEO 8,374
-------------------- --------------------------
The option grant was notified to the Company by the individual
referred to above on 4(th) October 2016.
The individual referred to above has entered into a savings
contract with Yorkshire Building Society under which a regular sum
will be saved each month for a period of three years. The number of
Ordinary Shares over which each option is held is the number of
Ordinary Shares which have an aggregate option price not exceeding
the projected proceeds of the savings contract. In normal
circumstances, each option will not be capable of being exercised
until 1 December 2019 (the maturity date of the savings
contract).
In accordance with the rules of the SAYE, no consideration was
paid by the above named individual for the option granted to him.
Each option is subject to, and governed by, the rules of the SAYE
and the legislation relating to the SAYE.
This announcement, including the notification below, is made in
accordance with the requirements of the EU Market Abuse
Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Andrew Bruce
--- ------------------------ -----------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Director/PDMR
--- ------------------------ -----------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ -----------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name Lookers plc
--- ------------------------ -----------------------------
b) LEI N/A
--- ------------------------ -----------------------------
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 Ordinary shares of 5 pence
the financial each
instrument, type
of instrument
Identification ISIN: GB00B17MMZ46
code
--- ------------------------ -----------------------------
b) Nature of the Grant of options to acquire
transaction shares under the Lookers
plc Sharesave Scheme.
--- ------------------------ -----------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
GBP1.0747 8,374
----------- ----------
--- ------------------------ -----------------------------
d) Aggregated information As above
- Aggregated
volume
- Price
--- ------------------------ -----------------------------
e) Date of the transaction 4(th) October 2016
--- ------------------------ -----------------------------
f) Place of the London Stock Exchange (XLON)
transaction
--- ------------------------ -----------------------------
Enquiries:
Lookers Plc
Glenda MacGeekie
Company Secretary 0161 291 0043
This information is provided by RNS
The company news service from the London Stock Exchange
END
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