Director/PDMR Shareholding

RNS Number : 9846H
Lookers PLC
11 April 2022
 

11 April 2022

Lookers plc

(the "Company")

 

Director/PDMR Shareholding

 

 

Acquisition of Shares to satisfy deferred element of Executives' annual bonus

 

The Company announces that on 7 April 2022 the following ordinary shares in the Company were acquired by the Company's employee benefit trust (the "EBT") on behalf of the Executive Directors:

 

Director

Position

Number of Ordinary Shares acquired

Mark Raban

Chief Executive Officer

138,163

Duncan McPhee

Chief Operating Officer

81,669

Oliver Laird

Chief Financial Officer

21,491

 

The Executive Directors were required to defer 35% of their post-tax annual bonus for the financial year ended 31 December 2021 into ordinary shares (the "Deferred Shares") for a period of two years.

 

The acquisition of Deferred Shares by the EBT on their behalf puts the required deferral into effect. 35% of the post-tax value of each Executive Directors' annual bonus was provided to the EBT in order to effect the acquisition. Legal title to the Deferred Shares will be held by the EBT for a period of two years before being transferred to the Executive Directors.

 

The Deferred Shares will form part of each Executive Director's shareholding in the Company effective from the date above.

 

In accordance with Article 19 of the UK Market Abuse Regulation, detailed information is set out below.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED WITH THEM

 

 


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Raban

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Lookers plc

b)

LEI

213800TSB8PJEACDAV33

4

 

Details of the transaction(s):

a)

 

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence

 

GB00B17MMZ46

b)

Nature of the transaction

Purchase of shares by the Lookers Employees' Share Trust to be held on behalf of Mark Raban to fulfil bonus deferral requirements.

c)

Price(s) and volume(s)

  Price(s)

£0.860954

Volume(s)

138,163

 

d)

Aggregated information

- Aggregated volume

- Price


138,163

£0.860954

 

e)

Date of the transaction

7 April 2022

f)

Place of the transaction

London Stock Exchange

 

 


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Duncan McPhee

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Lookers plc

b)

LEI

213800TSB8PJEACDAV33

4

 

Details of the transaction(s):

a)

 

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence

 

GB00B17MMZ46

b)

Nature of the transaction

Purchase of shares by the Lookers Employees' Share Trust to be held on behalf of Duncan McPhee to fulfil bonus deferral requirements

c)

Price(s) and volume(s)

  Price(s)

£0.860954

Volume(s)

81,669

 

d)

Aggregated information

- Aggregated volume

- Price


81,669

£0.860954

e)

Date of the transaction

7 April 2022

f)

Place of the transaction

London Stock Exchange

 

 


1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Oliver Laird

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Lookers plc

b)

LEI

213800TSB8PJEACDAV33

4

 

Details of the transaction(s):

a)

 

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 5 pence

 

GB00B17MMZ46

b)

Nature of the transaction

Purchase of shares by the Lookers Employees' Share Trust to be held on behalf of Oliver Laird to fulfil bonus deferral requirements.

c)

Price(s) and volume(s)

  Price(s)

£0.860954

Volume(s)

21,491

 

d)

Aggregated information

- Aggregated volume

- Price


21,491

£0.860954

e)

Date of the transaction

7 April 2022

f)

Place of the transaction

London Stock Exchange

 

 

 

Enquiries:

 

Debbie Fish

Deputy Company Secretary

0161 291 0043 

 

The Company is registered in England at Lookers House, 3 Etchells Road, West Timperley, Altrincham WA14 5XS.  Company registration number 00111876.  LEI number 213800TSB8PJEACDAV33

 

 

 

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