Marshall Motor Holdings PLC Grant of Share Awards (4124S)
October 02 2017 - 5:55AM
UK Regulatory
TIDMMMH
RNS Number : 4124S
Marshall Motor Holdings PLC
02 October 2017
2 October 2017
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Grant of awards under Marshall Motor Holdings plc Performance
Share Plan
Marshall Motor Holdings plc, one of the UK's leading automotive
retail and leasing groups, announces that on 29 September 2017 the
following directors and persons discharging managerial
responsibilities ("PDMR") were granted nil cost options under the
rules of the Marshall Motor Holdings plc Performance Share Plan
("PSP") to acquire ordinary shares of 64p each in the Company
("Ordinary Shares") as follows:
Number of Ordinary
Shares under Exercise
Director/PDMR option price
Daksh Gupta 305,389 GBPNil
Mark Raban 152,695 GBPNil
Stephen Jones 33,683 GBPNil
Jamie Crowther 44,910 GBPNil
Jon Head 33,683 GBPNil
Helen Burrows 33,683 GBPNil
The normal vesting date of the options will be 29 September
2020, being the third anniversary of the award date. The exercise
period of each option will run from the date on which each option
vests to the day before the tenth anniversary of the award
date.
These options are subject to the rules of the PSP and will vest
dependent upon continued employment and on performance against
earnings per share ("EPS") targets, as measured over a two year
performance period.
Details of the full notifications received by the Company are
set out below:
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Daksh Gupta
--- ----------------------- ---------------------------------
b) Position/status Chief Executive Officer
--- ----------------------- ---------------------------------
c) Initial notification Initial Notification
/Amendment
--- ----------------------- ---------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- ----------------------- ---------------------------------
b) LEI N/A
--- ----------------------- ---------------------------------
3 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 the Grant of nil cost options under
transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- ----------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 305,389
---------- ----------
--- ----------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------
e) Date of the 29 September 2017
transaction
--- ----------------------- ---------------------------------
f) Place of the London Stock Exchange
transaction
--- ----------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Mark Raban
--- ----------------------- ---------------------------------
b) Position/status Chief Financial Officer
--- ----------------------- ---------------------------------
c) Initial notification Initial Notification
/Amendment
--- ----------------------- ---------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- ----------------------- ---------------------------------
b) LEI N/A
--- ----------------------- ---------------------------------
3 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 the Grant of nil cost options under
transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- ----------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 152,695
---------- ----------
--- ----------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------
e) Date of the 29 September 2017
transaction
--- ----------------------- ---------------------------------
f) Place of the London Stock Exchange
transaction
--- ----------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Stephen Jones
--- ----------------------- ---------------------------------
b) Position/status Company Secretary, PDMR
--- ----------------------- ---------------------------------
c) Initial notification Initial Notification
/Amendment
--- ----------------------- ---------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- ----------------------- ---------------------------------
b) LEI N/A
--- ----------------------- ---------------------------------
3 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 the Grant of nil cost options under
transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- ----------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 33,683
---------- ----------
--- ----------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------
e) Date of the 29 September 2017
transaction
--- ----------------------- ---------------------------------
f) Place of the London Stock Exchange
transaction
--- ----------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Jamie Crowther
--- ----------------------- ---------------------------------
b) Position/status Operations Director, PDMR
--- ----------------------- ---------------------------------
c) Initial notification Initial Notification
/Amendment
--- ----------------------- ---------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- ----------------------- ---------------------------------
b) LEI N/A
--- ----------------------- ---------------------------------
3 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 the Grant of nil cost options under
transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- ----------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 44,910
---------- ----------
--- ----------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------
e) Date of the 29 September 2017
transaction
--- ----------------------- ---------------------------------
f) Place of the London Stock Exchange
transaction
--- ----------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Jon Head
--- ----------------------- ---------------------------------
b) Position/status Commercial Director, PDMR
--- ----------------------- ---------------------------------
c) Initial notification Initial Notification
/Amendment
--- ----------------------- ---------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- ----------------------- ---------------------------------
b) LEI N/A
--- ----------------------- ---------------------------------
3 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 the Grant of nil cost options under
transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- ----------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 33,683
---------- ----------
--- ----------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------
e) Date of the 29 September 2017
transaction
--- ----------------------- ---------------------------------
f) Place of the London Stock Exchange
transaction
--- ----------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Helen Burrows
--- ----------------------- ---------------------------------
b) Position/status HR Director
--- ----------------------- ---------------------------------
c) Initial notification Initial Notification
/Amendment
--- ----------------------- ---------------------------------
2 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- ----------------------- ---------------------------------
b) LEI N/A
--- ----------------------- ---------------------------------
3 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 the Grant of nil cost options under
transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- ----------------------- ---------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 33,683
---------- ----------
--- ----------------------- ---------------------------------
d) Aggregated information N/A
- Aggregated
volume
- Price
--- ----------------------- ---------------------------------
e) Date of the 29 September 2017
transaction
--- ----------------------- ---------------------------------
f) Place of the London Stock Exchange
transaction
--- ----------------------- ---------------------------------
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler
Daksh Gupta, Group Chief Executive Tel: +44 (0) 20 7796
4133
Mark Raban, Chief Financial
Officer
Investec Bank plc (Financial Tel: +44 (0) 20 7597
Adviser, NOMAD & Broker) 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 and, until the
completion of the disposal of Marshall Leasing announced on 21
September 2017, the leasing of vehicles through Marshall Leasing.
The Group's businesses have a total of 104 franchises covering 24
brands, operating from 90 locations across 26 counties in England.
In addition, the Group operates five trade parts specialists, five
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 seventh year in succession
that the Group has achieved Great Place to Work status.
In November 2016 Marshall Leasing was named Fleet Service
Company of the Year 2016 by the Association of Car Fleet Operators
(ACFO), an award it also won in 2010 and 2013.
Cautionary statement
This announcement contains unaudited information based on
management accounts and forward-looking statements that are based
on current expectations or beliefs, as well as assumptions about
future events. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current
facts and undue reliance should not be placed on any such
statements because they speak only as at the date of this document
and are subject to known and unknown risks and uncertainties and
can be affected by other factors that could cause actual results,
and the Group's plans and objectives, to differ materially from
those expressed or implied in the forward-looking statements. MMH
undertakes no obligation to revise or update any forward-looking
statement contained within this announcement, regardless of whether
those statements are affected as a result of new information,
future events or otherwise, save as required by law and
regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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