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RNS Number : 1052E

Motorpoint Group plc

28 June 2023

28 June 2023

Motorpoint Group plc

("Motorpoint", the "Group" or the "Company")

Awards granted under the Performance Share Plan

Motorpoint, the UK's leading independent omnichannel used vehicle retailer, announces that on 27 June 2023 (the "Grant Date") awards of Restricted Shares over ordinary shares of GBP0.01 each in the capital of the Company ("Ordinary Shares") were made under the Company's Performance Share Plan ("PSP") to the Persons Discharging Managerial Responsibilities as set out below (the "Awards").

The Awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and are subject to the terms of the PSP. The Options ordinarily vest on the third, fourth and fifth anniversaries of the grant (in 50%, 25% and 25% portions respectively). The Options are ordinarily subject to the grantee's continued service and a performance condition requiring the Remuneration Committee of the Company to be satisfied that the business performance is robust and sustainable, and that the executive directors and senior management have strengthened the business. Following the vesting of the Options held, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the Grant Date.

 
 Name              Number of Options   Total number        Total number 
                    granted             of options over     of options over 
                                        Ordinary Shares     Ordinary Shares 
                                        as at Grant Date    held as a percentage 
                                                            of current issued 
                                                            share capital 
                                                            as at Grant Date 
 Mark Carpenter 
  (CEO)            214,220             520,914             0.58% 
                  ------------------  ------------------  ---------------------- 
 Chris Morgan 
  (CFO)            156,074             323,070             0.36% 
                  ------------------  ------------------  ---------------------- 
 
 
Motorpoint Group PLC               via FTI Consulting 
 Mark Carpenter, Chief Executive 
 Officer 
Chris Morgan, Chief Financial 
 Officer 
 
 FTI Consulting (Financial PR) 
 Alex Beagley 
 Sam Macpherson 
 Harriet Jackson 
 Amy Goldup                          020 3727 1000 
 

Notes to editors

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best choice, value, service and quality for customers. The Group is proud to have been recognised for nine consecutive years as one of the Top 100 Best Companies to Work For.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                             M ark Carpenter 
      -------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------- 
 a)    Position/status                  C hief Executive Officer 
      -------------------------------  ---------------------------------------------- 
 b)    Initial notification             Initial Notification 
        /Amendment 
      -------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                             Motorpoint Group Plc 
      -------------------------------  ---------------------------------------------- 
 b)    LEI                              213800WG8RSE45I3MF22 
      -------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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               Ordinary shares of GBP0.01 each in 
        financial instrument,            Motorpoint Group plc ("Ordinary Shares") 
        type of instrument 
 
       Identification code              GB00BD0SFR60 
 
 b)    Nature of the transaction        Grant of Restricted Shares under 
                                         the Motorpoint Group Plc Performance 
                                         Share Plan 
      -------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                       ----------------------  -------------------- 
                                        Price(s)                Volume(s) 
                                       ----------------------  -------------------- 
                                        Nil cost option         214,220 Options 
                                                                 over Ordinary 
                                                                 Shares 
                                       ----------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                   214,220 
 
  - Price                               Nil 
 
 e)    Date of the transaction          27 June 2023 
      -------------------------------  ---------------------------------------------- 
 f)    Place of the transaction         Outside of a trading venue 
      -------------------------------  ---------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                             Chris Morgan 
      -------------------------------  ---------------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------- 
 a)    Position/status                  C hief Financial Officer 
      -------------------------------  ---------------------------------------------- 
 b)    Initial notification             Initial Notification 
        /Amendment 
      -------------------------------  ---------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                             Motorpoint Group Plc 
      -------------------------------  ---------------------------------------------- 
 b)    LEI                              213800WG8RSE45I3MF22 
      -------------------------------  ---------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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               Ordinary shares of GBP0.01 each in 
        financial instrument,            Motorpoint Group plc ("Ordinary Shares") 
        type of instrument 
 
       Identification code              GB00BD0SFR60 
 
 b)    Nature of the transaction        Grant of Restricted Shares under 
                                         the Motorpoint Group Plc Performance 
                                         Share Plan 
      -------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                       ----------------------  -------------------- 
                                        Price(s)                Volume(s) 
                                       ----------------------  -------------------- 
                                        Nil cost option         156,074 Options 
                                                                 over Ordinary 
                                                                 Shares 
                                       ----------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                   156,074 
 
  - Price                               Nil 
 
 e)    Date of the transaction          27 June 2023 
      -------------------------------  ---------------------------------------------- 
 f)    Place of the transaction         Outside of a trading venue 
      -------------------------------  ---------------------------------------------- 
 

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END

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