Grant of share options

RNS Number : 2627V

Lookers PLC

14 April 2016

 

14 April 2016

Lookers plc

Grant of share options under the Lookers plc Long-Term Incentive Plan

The Board of Directors of Lookers plc ("Lookers" or the "Company") announces that, following approval by the Company's Remuneration Committee, the Company granted options to certain directors (the "Options") on 12 April 2016.

The Options have been granted pursuant to the rules of the Lookers plc Long-Term Incentive Plan (the "plan") which were approved by the Company's shareholders on 29 May 2015.

The Options have been granted over a total of 621,967 ordinary shares of £0.05 each in the capital of the Company ("Shares").

In normal circumstances, the Options are exercisable three years from the date of grant (to the extent to which the performance criteria have been met).

Name                                                    Number of shares under option

Andy Bruce                                            196,810

Neil Davis                                              124,285

Robin Gregson                                        150,436

Nigel McMinn                                          150,436

Enquiries:

Lookers

Robin Gregson, Finance Director                                                  Tel: [phone]

Bell Pottinger

Victoria Geoghegan                                                                     Tel: [phone]

Nick Lambert

Lucy Stewart

About Lookers plc

Lookers plc (LOOK.LN) is a leading UK motor retail and aftersales service group. Through two distinctive divisions, the Group's operations cover all four UK countries and the Republic of Ireland. The motor division operates through the sale of new and used cars, and offers aftersales activities representing the servicing, repair and sale of franchised parts to customer vehicles. Lookers' car parts distribution division supplies automotive parts to the independent aftermarket sector.

 Since its foundation in 1908, the Group has grown organically and through acquisitions to its current position of 161 franchise dealerships across 105 locations. As a whole, the Group offers an extensive choice of new and used cars, motorcycles, commercial vehicles and leasing services in addition to a range of after sale services and automotive parts. Through its "Customers for Life" programme, the Group is committed to providing unrivalled service, offering advice, support and expertise from purchase to after sales care and maintenance.

 

END

 

 

MSCSFFFLLFMSELL