Lookers PLC Grant Of Share Options

Date : 05/07/2019 @ 4:50PM
Source : UK Regulatory (RNS & others)
Stock : Lookers Plc (LOOK)
Quote : 52.2  -0.7 (-1.32%) @ 10:06AM

Lookers PLC Grant Of Share Options

Lookers (LSE:LOOK)
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6 Months : From Mar 2019 to Sep 2019

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TIDMLOOK

RNS Number : 2746Y

Lookers PLC

07 May 2019

07 May 2019

Lookers plc

Grant of share options under the Lookers plc Long-Term Incentive Plan

The Board of Directors of Lookers plc ("Lookers" or the "Company") announces that, following approval by the Company's Remuneration Committee, the Company has today granted options to certain directors (the "Options").

The Options have been granted pursuant to the rules of the Lookers plc Long-Term Incentive Plan.

The Options have been granted over a total of 1,359,888 ordinary shares of GBP0.05 each in the capital of the Company.

In normal circumstances, the Options are exercisable three years from the date of grant (to the extent to which the performance criteria have been met.

In accordance with Regulation (EU) No 596/2014 (the Market Abuse Regulation), detailed information about the grant of the Options is attached to this announcement.

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Andy Bruce 
     ---------------------  ------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status        Chief Executive 
     ---------------------  ------------------------------------------------- 
 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 
     ---------------------  ------------------------------------------------- 
 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            Nil cost options over Ordinary Shares of 5 pence 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  ------------------------------------------------- 
 b)   Nature of the          Grant of options 
       transaction 
     ---------------------  ------------------------------------------------- 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                Nil Cost 
                                 Options     741,758 
                                           ---------- 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated 
       information            N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            30 April 2019 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of the           London Stock Exchange, Main Market 
       transaction 
     ---------------------  ------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Robin Gregson 
     ---------------------  ------------------------------------------------- 
 2    Reason for the 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                   Lookers plc 
     ---------------------  ------------------------------------------------- 
 b)   LEI 
     ---------------------  ------------------------------------------------- 
 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            Nil cost options over Ordinary Shares of 5 pence 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  ------------------------------------------------- 
 b)   Nature of the          Grant of options 
       transaction 
     ---------------------  ------------------------------------------------- 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                Nil Cost 
                                 Options     309,065 
                                           ---------- 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated 
       information            N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            30 April 2019 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of the           London Stock Exchange, Main Market 
       transaction 
     ---------------------  ------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Nigel McMinn 
     ---------------------  ------------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status        Chief Operating Officer 
     ---------------------  ------------------------------------------------- 
 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 
     ---------------------  ------------------------------------------------- 
 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            Nil cost options over Ordinary Shares of 5 pence 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  ------------------------------------------------- 
 b)   Nature of the          Grant of options 
       transaction 
     ---------------------  ------------------------------------------------- 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                Nil Cost 
                                 Options     309,065 
                                           ---------- 
     ---------------------  ------------------------------------------------- 
 d)   Aggregated 
       information            N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------- 
 e)   Date of the            30 April 2019 
       transaction 
     ---------------------  ------------------------------------------------- 
 f)   Place of the           London Stock Exchange, Main Market 
       transaction 
     ---------------------  ------------------------------------------------- 
 

- Ends -

Enquiries:

 
 Robin Gregson, Chief Financial        Tel: 0161 291 0043 
  Officer 
 Glenda MacGeekie, Company Secretary 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

May 07, 2019 11:50 ET (15:50 GMT)



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