Marshall Motor Holdings PLC Grant of options (1780L)
September 08 2021 - 12:27PM
UK Regulatory
TIDMMMH
RNS Number : 1780L
Marshall Motor Holdings PLC
08 September 2021
8 September 2021
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 8 September 2021 the following
directors and persons discharging managerial responsibilities
("PDMR") were granted nil cost options ("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 408,560 GBPNil
Officer
Richard Blumberger Chief Financial 169,261 GBPNil
Officer
Jamie Crowther Operations Director 58,366 GBPNil
Jon Head Commercial Director 58,366 GBPNil
Stephen Jones Company Secretary 58,366 GBPNil
Jo Moxon HR Director 46,693 GBPNil
The normal vesting date of the Options will be 10 March 2024.
Any Ordinary Shares acquired pursuant to the Options will be
subject to a 24 month holding period for executive directors and a
12 month holding period for other PDMRs.
The Options are subject to the rules of the PSP and will vest
dependent upon continued employment and the achievement of
stretching performance targets over a three-year period to 31
December 2023. The performance targets include profit before tax
and return on capital targets, the achievement of strategic goals
and employee engagement.
The Options are subject to malus and clawback in line with the
Company's Remuneration Policy.
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 408,560
2. GBPNil 169,261
3. GBPNil 58,366
4. GBPNil 58,366
5. GBPNil 58,366
6. GBPNil 46,693
--------- ----------
------------------------ ------------------------------------------------
e) Aggregated information Not applicable
- Aggregated
volume
- Price
------------------------ ------------------------------------------------
f) Date of the transaction 8 September 2021
------------------------ ------------------------------------------------
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 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 have a total of 116
franchises covering 22 brands, across 29 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 2021 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 eleventh year in
succession that the Group has achieved Great Place to Work
status.
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END
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