Marshall Motor Holdings PLC Grant of Share Awards (2330L)
April 18 2018 - 2:00AM
UK Regulatory
TIDMMMH
RNS Number : 2330L
Marshall Motor Holdings PLC
18 April 2018
18 April 2018
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 17 April 2018 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 328,845 GBPNil
Mark Raban 164,423 GBPNil
Jamie Crowther 47,319 GBPNil
Helen Burrows 35,489 GBPNil
Jon Head 35,489 GBPNil
Stephen Jones 35,489 GBPNil
The normal vesting date of the options will be 17 April 2021,
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 three 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
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status Chief Executive Officer
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Grant of nil cost options under
the transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 328,845
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 17 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Mark Raban
--- --------------------- ---------------------------------
2 Reason for 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 Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Grant of nil cost options under
the transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 164,423
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 17 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Jamie Crowther
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status Operations Director
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Grant of nil cost options under
the transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 47,319
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 17 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Helen Burrows
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status HR Director
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Grant of nil cost options under
the transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 35,489
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 17 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Jon Head
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status Commercial Director
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Grant of nil cost options under
the transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 35,489
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 17 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Stephen Jones
--- --------------------- ---------------------------------
2 Reason for notification
--- --------------------------------------------------------
a) Position/status Company Secretary
--- --------------------- ---------------------------------
b) Initial notification Initial Notification
/Amendment
--- --------------------- ---------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name Marshall Motor Holdings plc
--- --------------------- ---------------------------------
b) LEI 213800BP3HZWHDWXAY78
--- --------------------- ---------------------------------
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 Ordinary shares of 64p each
of the financial
instrument, ISIN Code: GB00BVYB2Q58
type of instrument
Identification
code
--- --------------------- ---------------------------------
b) Nature of Grant of nil cost options under
the transaction the rules of the Marshall Motor
Holdings plc Performance Share
Plan
--- --------------------- ---------------------------------
c) Currency GBP
--- --------------------- ---------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBPNil 35,489
---------- ----------
--- --------------------- ---------------------------------
e) Aggregated N/A
information
- Aggregated
volume
- Price
--- --------------------- ---------------------------------
f) Date of the 17 April 2018
transaction
--- --------------------- ---------------------------------
g) Place of the Outside a trading venue
transaction
--- --------------------- ---------------------------------
ENDS
For further information and enquiries please contact:
Marshall Motor Holdings plc c/o Hudson Sandler
Daksh Gupta, Chief Executive Tel: +44 (0) 20
Officer 7796 4133
Mark Raban, Chief Financial
Officer
Investec Bank plc (Financial Tel: +44 (0) 20
Adviser, NOMAD & Broker) 7597 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. The Group's
businesses have a total of 101 franchises covering 23 brands,
operating from 84 locations across 26 counties in England. In
addition, the Group operates five trade parts specialists, three
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 eighth year in succession
that the Group has achieved Great Place to Work status.
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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