Marshall Motor Holdings PLC Grant of options (7462W)
August 20 2020 - 9:26AM
UK Regulatory
TIDMMMH
RNS Number : 7462W
Marshall Motor Holdings PLC
20 August 2020
20 August 2020
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Grant of options under Marshall Motor Holdings Plc Performance
Share Plan
Marshall Motor Holdings plc, one of the UK's leading automotive
retail groups, announces that on 20 August 2020 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
Director/PDMR Position Shares under option Exercise price
Daksh Gupta Chief Executive 260,292 GBPNil
Officer
Richard Blumberger Chief Financial 119,340 GBPNil
Officer
Jamie Crowther Operations Director 60,000 GBPNil
Jon Head Commercial Director 60,000 GBPNil
Stephen Jones Company Secretary 60,000 GBPNil
Jo Moxon HR Director 48,000 GBPNil
The vesting date of the options will be 11 March 2023. Any
Ordinary Shares acquired pursuant to the PSP will be subject to a
12 month holding period.
These options are subject to the rules of the PSP and will vest
dependent upon continued employment and subject to the Company's
Remuneration Committee being satisfied that there has been no
material deterioration in the Company's performance which
significantly departs from any market deterioration.
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 1. Daksh Gupta
2. Richard Blumberger
3. Jamie Crowther
4. Jon Head
5. Stephen Jones
6. Jo Moxon
------------------------ ------------------------------------------------
2 Reason for notification
--------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Operations Director
4. Commercial Director
5. Company Secretary
6. 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 of Ordinary shares of 64p each
the financial
instrument, type ISIN Code: GB00BVYB2Q58
of instrument
Identification
code
------------------------ ------------------------------------------------
b) Nature of the Grant of nil cost options under the rules
transaction of the Marshall Motor Holdings plc Performance
Share Plan
------------------------ ------------------------------------------------
c) Currency GBP
------------------------ ------------------------------------------------
d) Price(s) and Price(s) Volume(s)
volume(s) 1. GBPNil 260,292
2. GBPNil 119,340
3. GBPNil 60,000
4. GBPNil 60,000
5. GBPNil 60,000
6. GBPNil 48,000
--------- ----------
------------------------ ------------------------------------------------
e) Aggregated information Not applicable
- Aggregated
volume
- Price
------------------------ ------------------------------------------------
f) Date of the transaction 20 August 2020
------------------------ ------------------------------------------------
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 Tel: +44
(0) 20 7796 4133
Daksh Gupta, Chief Executive Officer
Richard Blumberger, Chief Financial
Officer
Investec Bank plc (NOMAD & Broker) Tel: +44 (0) 20 7597 5970
Christopher Baird
David Flin
David Anderson
Hudson Sandler Tel: +44 (0) 20 7796 4133
Nick Lyon
Bertie Berger
Nick Moore
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. The Group's businesses comprise a total of 117
franchises covering 23 brands, across 28 counties in England. In
addition, the Group operates six trade parts specialists, two used
car centres, six standalone body shops and one pre delivery
inspection centre.
In May 2020 the Group was recognised by the Great Place to Work
Institute, being ranked the 12th best place to work in the UK
(super large company category). This was the tenth year in
succession that the Group has achieved Great Place to Work
status.
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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