Motorpoint Group plc Awards granted under the Performance Share Plan (1052E)
June 28 2023 - 1:00AM
UK Regulatory
TIDMMOTR
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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