RNS Number : 1348I

Motorpoint Group plc

03 August 2023

03 August 2023

Motorpoint Group PLC

("Motorpoint", the "Group" or the "Company")

Director/PDMR Dealings

Motorpoint Group PLC, the UK's largest independent omnichannel used vehicle retailer, hereby notifies the market that, on 1 August 2023, Mary McNamara, a Non-Executive Director of Motorpoint elected to purchase shares in the Company as detailed in the table below. This purchase results in Mary McNamara being interested in a total of 74,600 ordinary shares in the Company, representing 0.08% of the 90,189,885 ordinary shares in the Company currently in issue.

The notifications at the end of the announcement, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the shares purchased.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              M ary McNamara 
      --------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
 a)    Position/status                   Non-Executive Director 
      --------------------------------  ---------------------------------------------- 
 b)    Initial notification              Initial Notification 
      --------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
 a)    Name                              Motorpoint Group Plc 
      --------------------------------  ---------------------------------------------- 
 b)    LEI                               213800WG8RSE45I3MF22 
      --------------------------------  ---------------------------------------------- 
 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 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         Purchase of shares 
      --------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                        ---------------------  --------------------- 
                                         Price(s)               Volume(s) 
                                        ---------------------  --------------------- 
                                         Share Price            9,100 Ordinary 
                                          108.19 pence           Shares 
                                        ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                    9,100 
  - Price                                108.19 pence 
 e)    Date of the transaction           01 August 2023 
      --------------------------------  ---------------------------------------------- 
 f)    Place of the transaction          London Stock Exchange 
      --------------------------------  ---------------------------------------------- 


Motorpoint Group PLC               via FTI Consulting 
 Mark Carpenter, Chief Executive 
 Chris Morgan, Chief Financial 
  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 20 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 choice, value, service and quality for customers. The Group is proud to have been recognised for nine consecutive years as one of the Top 100 Best Companies to Work For.

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(END) Dow Jones Newswires

August 03, 2023 02:00 ET (06:00 GMT)

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