Director/PDMR Shareholding

Auto Trader Group plc

22 June 2023

 

22 June 2023

Auto Trader Group plc ("Auto Trader", the "Company", or "the Group")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Grant of Awards under the Company's Deferred Annual Bonus Plan ("DABP")

The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader Group DABP as noted below:

Name	Number of Shares under Awards
Nathan Coe (Director)	52,078
Catherine Faiers (Director)	25,030
Jamie Warner (Director)	26,222

Subject to the terms of the DABP, the awards will ordinarily vest and become exercisable as from the second anniversary of the grant of the awards subject to the grantee's continued service.

Once exercisable, the awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.

The Company was notified of the above transactions on 22 June 2023. The transactions took place in the United Kingdom.

Grant of Awards under the Company's Performance Share Plan ("PSP")

The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader PSP as noted below:

Name	Number of Shares under Awards
Nathan Coe (Director)	191,818
Catherine Faiers (Director)	79,783
Jamie Warner (Director)	83,582

Subject to the terms of the PSP, the awards will ordinarily vest and become exercisable as from the third anniversary of the grant of the awards. The awards will be subject to the grantee's continued service and the extent to which Group Operating Profit growth, Group Revenue growth and Carbon reduction performance conditions are met over a measurement period comprising three financial years ending on 31 March 2026, and subject to a Diversity underpin, as outlined in the 2023 Annual Report.

In line with best practice and shareholder expectations, the Remuneration Committee shall retain discretion to adjust the vesting outcome if it is not considered to be reflective of underlying financial or non-financial performance of the business or the performance of the individual over the performance period, or where the outcome is not considered appropriate in the context of the experience of shareholders or other stakeholders.

Once exercisable, awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.

The Company was notified of the above transactions on 22 June 2023. The transactions took place in the United Kingdom.

The notification of dealing forms can be found below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nathan Coe
2)	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
a)	Name	Auto Trader Group plc
b)	LEI	213800QLK9BZILB1DI86
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 financial instrument, type of instrument. Identification code	Ordinary shares of 1 pence each ISIN: GB00BVYVFW23
b)	Nature of the transaction	Grant of nil cost options over ordinary shares of 1 pence
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP0	52,078	DABP
		GBP0	191,818	PSP
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		GBP0	243,896
e)	Date of the transaction	22 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Catherine Faiers
2)	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
a)	Name	Auto Trader Group plc
b)	LEI	213800QLK9BZILB1DI86
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 financial instrument, type of instrument. Identification code	Ordinary shares of 1 pence each ISIN: GB00BVYVFW23
b)	Nature of the transaction	Grant of nil cost options over ordinary shares of 1 pence
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP0	25,030	DABP
		GBP0	79,783	PSP
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		GBP0	104,813	n/a
e)	Date of the transaction	22 June 2023
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jamie Warner
2)	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
a)	Name	Auto Trader Group plc
b)	LEI	213800QLK9BZILB1DI86
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 financial instrument, type of instrument. Identification code	Ordinary shares of 1 pence each ISIN: GB00BVYVFW23
b)	Nature of the transaction	Grant of nil cost options over ordinary shares of 1 pence
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP0	26,222	DABP
		GBP0	83,582	PSP
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		GBP0	109,804	n/a
e)	Date of the transaction	22 June 2023
f)	Place of the transaction	Outside of a trading venue

Enquiries:

Auto Trader Claire Baty, Company Secretary

0345 111 0006

About Auto Trader 

Auto Trader Group plc is the UK's largest automotive marketplace. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index. 

The marketplace is where UK consumers buy and sell cars with the largest number of car buyers and the largest choice of trusted stock. Auto Trader exists to Drive Change Together. Responsibly and creating a diverse and inclusive culture is at the heart of the business. It is focused on changing how the UK shops for cars by providing the best online car buying experience and enabling all retailers to sell online. It aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices. 

Auto Trader publishes a monthly used car Retail Price Index which is based on daily pricing analysis of circa 900,000 vehicles, this data is used by the Bank of England to feed the broader UK economic indicators. 
 

For more information, please visit www.plc.autotrader.co.uk 

 

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