TIDMMOTR

RNS Number : 1210Q

Motorpoint Group plc

13 October 2023

13 October 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, Mark Carpenter, CEO of Motorpoint elected to sell an aggregate of 100,000 shares in the Company as detailed in the table below. Mark Carpenter remains a significant shareholder in Motorpoint and retains an interest of 8,781,693 ordinary shares in the Company, representing 9.74% 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 sold.

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                    Chief 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                     Sale of shares 
      ---------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                         ------------------  ------------------------ 
                                          Price(s)            Volume(s) 
                                         ------------------  ------------------------ 
                                          Share Price         50,000 Ordinary 
                                           85 pence            Shares 
                                         ------------------  ------------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                     50,000 
 
  - Price                                 85 pence 
 
 e)    Date of the transaction            10 October 2023 
      ---------------------------------  ---------------------------------------------- 
 f)    Place of the transaction           London Stock Exchange 
      ---------------------------------  ---------------------------------------------- 
 
 
       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                     Sale of shares 
      ---------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                         ------------------  ------------------------ 
                                          Price(s)            Volume(s) 
                                         ------------------  ------------------------ 
                                          Share Price         40,000 Ordinary 
                                           85 pence            Shares 
                                         ------------------  ------------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                     40,000 
 
  - Price                                 85 pence 
 
 e)    Date of the transaction            11 October 2023 
      ---------------------------------  ---------------------------------------------- 
 f)    Place of the transaction           London Stock Exchange 
      ---------------------------------  ---------------------------------------------- 
 
 
       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                     Sale of shares 
      ---------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                         ------------------  ------------------------ 
                                          Price(s)            Volume(s) 
                                         ------------------  ------------------------ 
                                          Share Price         10,000 Ordinary 
                                           83 pence            Shares 
                                         ------------------  ------------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                     10,000 
 
  - Price                                 83 pence 
 
 e)    Date of the transaction            12 October 2023 
      ---------------------------------  ---------------------------------------------- 
 f)    Place of the transaction           London Stock Exchange 
      ---------------------------------  ---------------------------------------------- 
 

Enquiries:

 
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 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

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