Director/PDMR Shareholding

RNS Number : 5371L

Motorpoint Group plc

06 September 2019

 

6 September 2019

Motorpoint Group Plc

 ("Motorpoint" or "the Company")

Transactions by Persons Discharging Managerial Responsibility ("PDMR")
and persons closely associated with them

Motorpoint, the UK's largest independent vehicle retailer, hereby notifies the market that on 6 September 2019, the Company received notification from David Shelton, a non-executive director of Motorpoint, that via Shoby Investments Partnership he had sold 11,000,000 ordinary shares in the Company on the London Stock Exchange at a price of 200 pence per share.  This sale results in Mr. Shelton being interested in a total of 2,396,726 ordinary shares in the Company, representing 2.64% of the ordinary shares currently in issue.

The Notification of Dealing Form provided in accordance with the requirements of Article 19 of the Market Abuse Regulation (EU) No 596/2014 in relation to the transaction listed above is set out below: 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Shoby Investments Partnership
2.	Reason for the notification
a)	Position/status	PCA with David Shelton, Non-Executive Director
b)	Initial notification/Amendment:	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 financial instrument, type of instrument Identification code	Ordinary shares of £0.01 each in Motorpoint Group Plc ISIN Code: GB00BD0SFR60
b)	Nature of the transaction	Disposal
c)	Price(s) and volume(s):	Price(s) Volume(s) £2.00 11,000,000
d)	Aggregated information:	Price Volume £22,000,000 11,000,000
e)	Date of the transaction	6 September 2019
f)	Place of the transaction	London Stock Exchange (XLON)

For the purposes of the Market Abuse Regulation (EU) 596/2014 and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Manjit Virk, Company Secretary.

Contact Information:
Motorpoint Group Plc (www.motorpointplc.com) Manjit K. Virk, Company Secretary	Via FTI Consulting
FTI Consulting (Financial PR) Alex Beagley James Styles Fern Duncan	020 3727 1000

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles.  Motorpoint sells vehicles from brands representing over 95 per cent. of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.

 

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