Motorpoint Group plc Change in Role of Director (7409H)
June 12 2017 - 1:00AM
UK Regulatory
TIDMMOTR
RNS Number : 7409H
Motorpoint Group plc
12 June 2017
12 June 2017
Motorpoint Group plc
("Motorpoint" or the "Group")
Change in Role of Director
Motorpoint Group plc, the UK's largest independent vehicle
retailer, announces that the Group's Founder and Executive
Director, David Shelton, will begin a phased reduction in his
contracted working hours as of today, 12 June 2017.
David's working hours will reduce over the course of the 2018
financial year whereupon, on 1 April 2018, he will become a
Non-Executive Director of the Group.
David remains a substantial shareholder in Motorpoint and is
subject to the lock-in, relationship and service agreements
outlined in the Group's IPO prospectus.
Mark Morris, Chairman, commented:
"David was the founder of Motorpoint and has been critical to
its development and success. We are pleased that he wishes to
remain within the business, both during his phased reduction in
working hours and subsequently as a Non-Executive Director. We are
glad to be able to retain David's passion, experience and knowledge
which will continue to support the operational management
team."
Enquiries:
Motorpoint Group plc Via FTI Consulting
Mark Carpenter, Chief
Executive Officer
James Gilmour, Chief Financial
Officer
FTI Consulting (Financial
PR)
Jonathon Brill
Alex Beagley
James Styles 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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