Motorpoint Group plc Awards granted under the Performance Share Plan (8666P)
June 23 2022 - 2:00AM
UK Regulatory
TIDMMOTR
RNS Number : 8666P
Motorpoint Group plc
23 June 2022
23 June 2022
Motorpoint Group plc
("Motorpoint", the "Group" or the "Company")
Awards granted under the Performance Share Plan
Motorpoint, the UK's leading independent omnichannel vehicle
retailer, announces that on 22 June 2022 (the "Grant Date") awards
of Restricted Shares over ordinary shares of GBP0.01 each in the
capital of the Company ("Ordinary Shares") were made under the
Company's Performance Share Plan ("PSP") to the Persons Discharging
Managerial Responsibilities as set out below (the "Awards").
The Awards set out below are in the form of nil cost options
over Ordinary Shares ("Options") and were granted under and are
subject to the terms of the PSP. The Options ordinarily vest on the
third, fourth and fifth anniversaries of the grant (in 50%, 25% and
25% portions respectively). The Options are subject to the
grantee's continued service and a performance condition requiring
the Remuneration Committee of the Company to be satisfied that the
business performance is robust and sustainable, and that the
executive directors and senior management have strengthened the
business. Following the vesting of the Options held, any vested
Ordinary Shares are subject to a holding period which expires no
earlier than the fifth anniversary of the Grant Date, during which
time they may not be sold. The Options shall ordinarily remain
exercisable until the eve of the tenth anniversary of the Grant
Date.
Name Number of Options Total number Total number
granted of options over of options over
Ordinary Shares Ordinary Shares
as at Grant Date held as a percentage
of current issued
share capital
as at Grant Date
Mark Carpenter
(CEO) 128,627 459,575 0.51%
------------------ ------------------ ----------------------
Chris Morgan
(CFO) 93,482 164,407 0.18%
------------------ ------------------ ----------------------
Motorpoint Group PLC via FTI Consulting
Mark Carpenter, Chief Executive
Officer
Chris Morgan, Chief Financial
Officer
FTI Consulting (Financial PR)
Alex Beagley
Sam Macpherson
Harriet Jackson
Amy Goldup 020 3727 1000
Notes to editors
Motorpoint is the UK's leading independent E-commerce led
omnichannel vehicle retailer, focused on giving retail and trade
customers the easiest, most affordable and seamless way of buying,
selling and financing their car whether online, in-store or a
combination of both. Through its leading B2C platform
Motorpoint.co.uk and UK network of 17 sales and collection
branches, the Group provides an unrivalled offering in the nearly
new car market, where consumers can effortlessly browse, buy or
finance their next car and collect or have it delivered directly to
their homes. Motorpoint's purely online wholesale platform
Auction4Cars.com sells vehicles into the wholesale B2B market that
have been part exchanged by retail customers , or purchased
directly from them by the Group as part of its online car buying
service. Motorpoint's diversified business model, underpinned by
its established brand, industry leading technology and
sophisticated marketing infrastructure, always delivers the best
value, choice, quality and service for customers. The Group is
proud to have been recognised for eight consecutive years as one of
the Top 100 Best Companies to Work For and for the second
consecutive year the Number One in the Automotive sector.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name M ark Carpenter
------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------
a) Position/status C hief Executive Officer
------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Motorpoint Group Plc
------------------------------- ----------------------------------------------
b) LEI 213800WG8RSE45I3MF22
------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated
4 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 the Ordinary shares of GBP0.01 each in
financial instrument, Motorpoint Group plc ("Ordinary Shares")
type of instrument
Identification code GB00BD0SFR60
b) Nature of the transaction Grant of Restricted Shares under
the Motorpoint Group Plc Performance
Share Plan
------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil cost option 128,627 Options
over Ordinary
Shares
---------------------- --------------------
d) Aggregated information
- Aggregated volume 128,627
- Price Nil
e) Date of the transaction 22 June 2022
------------------------------- ----------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Chris Morgan
------------------------------- ----------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------------
a) Position/status C hief Financial Officer
------------------------------- ----------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------- ----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name Motorpoint Group Plc
------------------------------- ----------------------------------------------
b) LEI 213800WG8RSE45I3MF22
------------------------------- ----------------------------------------------
Details of the transaction(s): section to be repeated
4 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 the Ordinary shares of GBP0.01 each in
financial instrument, Motorpoint Group plc ("Ordinary Shares")
type of instrument
Identification code GB00BD0SFR60
b) Nature of the transaction Grant of Restricted Shares under
the Motorpoint Group Plc Performance
Share Plan
------------------------------- ----------------------------------------------
c) Price(s) and volume(s)
---------------------- --------------------
Price(s) Volume(s)
---------------------- --------------------
Nil cost option 93,482 Options
over Ordinary
Shares
---------------------- --------------------
d) Aggregated information
- Aggregated volume 93,482
- Price Nil
e) Date of the transaction 22 June 2022
------------------------------- ----------------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- ----------------------------------------------
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