Motorpoint Group plc Director/PDMR Shareholding (2417C)
June 24 2016 - 8:10AM
UK Regulatory
TIDMMOTR
RNS Number : 2417C
Motorpoint Group plc
24 June 2016
Motorpoint Group Plc (the "Company")
Notification of transactions of Directors/Persons Discharging
Management Responsibilities
("PDMRs")
On 23 June 2016 awards over ordinary shares of GBP0.01 each in
the Company were made to the following PDMRs as listed below:
Name of Director / Number of shares under
PDMR award
-------------------- -----------------------
Mark Carpenter 125,000
-------------------- -----------------------
David Shelton 105,000
-------------------- -----------------------
James Gilmour 90,000
-------------------- -----------------------
Keely Hemmings 15,833
-------------------- -----------------------
Paul Winfield 29,166
-------------------- -----------------------
The awards were structured as nil cost options and granted under
and subject to the terms of the Motorpoint Group Plc Performance
Share Plan.
No consideration was paid for the grant of the awards and no
consideration is due on the maturity or exercise of the awards.
The awards will ordinarily vest and become exercisable as from
the third anniversary of the grant of the awards subject to the
grantee's continued service and the extent to which the performance
condition is achieved. Once exercisable, an award shall ordinarily
remain exercisable until the eve of the tenth anniversary of the
grant date of the awards.
The performance condition applying to each award is based on the
earnings per share of the Company over a three year measurement
period starting with the 2016/17 financial year.
The Company was informed of the above transactions on 23 June
2016.
The transactions took place in the United Kingdom.
This notification is made in accordance with Disclosure and
Transparency Rule 3.1.4(1)(a).
For further information please contact:
Manjit Heaphy
Company Secretary
Manjit.Heaphy@motorpoint.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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