TIDMMMH
RNS Number : 7405K
Marshall Motor Holdings PLC
12 April 2018
12 April 2018
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Exercise of IPO Awards, Director Shareholdings and Total Voting
Rights
Marshall Motor Holdings plc, one of the UK's leading automotive
retail groups, announces that on 11 April 2018 the certain
directors and/or persons discharging managerial responsibilities
('PDMRs') of the Company exercised certain share options granted at
the Company's IPO on 2 April 2015 ("IPO Awards") and previously
disclosed in the IPO Admission Document. The IPO Awards vested on 2
April 2018 following satisfaction in full of all relevant financial
performance conditions for the three year period ended 31 December
2017 attached to such IPO Awards.
As a result, the following directors and/or PDMRs were issued
new ordinary shares of 64p each in the Company ("Ordinary Shares")
as follows:
Name Position Number Resultant % holding
of additional interest of total
Ordinary in Ordinary issued
Shares* Shares share capital
of Company
---------------- ------------------- --------------- ------------- ---------------
Chief Executive
Daksh Gupta Officer 320,134 1,163,272 1.49
---------------- ------------------- --------------- ------------- ---------------
Chief Financial
Mark Raban Officer 94,855 156,581 0.20
---------------- ------------------- --------------- ------------- ---------------
Operations
Jamie Crowther Director 17,785 31,207 0.04
---------------- ------------------- --------------- ------------- ---------------
Helen Burrows HR Director 13,339 20,050 0.03
---------------- ------------------- --------------- ------------- ---------------
Stephen
Jones Company Secretary 13,339 13,339 0.02
---------------- ------------------- --------------- ------------- ---------------
*associated tax and national insurance contribution liabilities
arising in respect of the exercise of the IPO Awards have already
been cash settled.
A further 13,339 new Ordinary Shares were issued pursuant to
exercise of IPO Awards in respect of persons other than directors
or PDMRs.
An application for admission to trading of the 472,791 new
Ordinary Shares issued and allotted pursuant to the IPO Awards as
set out above has today been submitted to London Stock Exchange plc
and admission is expected to become effective on 17 April 2018.
Following admission of the new Ordinary Shares, the Company
hereby notifies that, as at the date of this announcement, the
Company's issued share capital consists of 77,865,653 Ordinary
Shares, with each share carrying the right to one vote. The Company
does not hold any Ordinary Shares in Treasury. Therefore, the total
number of Ordinary Shares in the Company with voting rights is
77,865,653. The above figure of 77,865,653 Ordinary Shares may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
Details of the notifications received by the Company are set out
below:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Daksh Gupta
--- --------------------- ---------------------------------
2 Reason for 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 Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Exercise of nil cost options
the transaction under the rules of the Marshall
Motor Holdings plc Performance
Share Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 320,134
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 11 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Mark Raban
--- --------------------- ---------------------------------
2 Reason for 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 Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Exercise of nil cost options
the transaction under the rules of the Marshall
Motor Holdings plc Performance
Share Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 94,855
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 11 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Jamie Crowther
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status Operations Director
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Exercise of nil cost options
the transaction under the rules of the Marshall
Motor Holdings plc Performance
Share Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 17,785
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 11 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Helen Burrows
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status HR Director
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Exercise of nil cost options
the transaction under the rules of the Marshall
Motor Holdings plc Performance
Share Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 13,339
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 11 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Stephen Jones
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status Company Secretary
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Exercise of nil cost options
the transaction under the rules of the Marshall
Motor Holdings plc Performance
Share Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 13,339
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 11 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler
Daksh Gupta, Chief Executive Tel: +44 (0) 20
Officer 7796 4133
Mark Raban, Chief Financial
Officer
Investec Bank plc (Financial Tel: +44 (0) 20
Adviser, NOMAD & Broker) 7597 5970
Christopher Baird
David Flin
David Anderson
Hudson Sandler Tel: +44 (0) 20
7796 4133
Nick Lyon
Bertie Berger
Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new
and used vehicles through Marshall Motor Group. The Group's
businesses have a total of 101 franchises covering 23 brands,
operating from 84 locations across 26 counties in England. In
addition, the Group operates five trade parts specialists, three
used car centres, five standalone body shops and one pre delivery
inspection centre.
In May 2017 the Group was recognised by the Great Place to Work
Institute, being ranked the 22nd best place to work in the UK
(large company category). This was the eighth year in succession
that the Group has achieved Great Place to Work status.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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