Grant of Options under SAYE Scheme

RNS Number : 2757A

Motorpoint Group plc

27 December 2017

 

27 December 2017

Motorpoint Group PLC

 ("Motorpoint" or "the Company")

Grant of Options under SAYE Scheme

Motorpoint, the UK's largest independent vehicle retailer, is pleased to announce that it has launched a Save As You Earn ("SAYE") share scheme for all its permanent employees on 22 December 2017.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Ordinary Shares") at an exercise price of 177.3 pence, representing a 10% discount to the closing middle market price of the Ordinary Shares on 1 December 2017 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 February 2018 and are exercisable between 1 February 2021 and 31 July 2021.

A total of 286 employees out of 785 elected to participate, and pursuant to these elections a total of 417,765 shares under Option have been granted, equating to 0.42% of the current issued share capital.

Mark Carpenter (CEO), James Gilmour (CFO) and Jonathan Baird (PDMR) of the Company, have elected to participate in the SAYE scheme and are included in the total figures above. Their individual Option pursuant to the SAYE scheme are as follows:

Mark Carpenter:	2,030 shares under Option
James Gilmour:	2,030 shares under Option
Jonathan Baird:	2,030 shares under Option

As a result of these Option grants, Mr Carpenter, Mr Gilmour and Mr Baird's respective direct interests in Ordinary Shares are as follows:

Director / PDMR	Ordinary Shares held	Number of Options granted	Total number of options over Ordinary Shares	Total interest in Ordinary Shares as a percentage of current issued share capital (%)
Mark Carpenter	8,874,556	2,030	310,738	9.17
James Gilmour	175,317	2,030	225,197	0.4
Jonathan Baird	755,108	2,030	64,387	0.82

The notifications at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the Options granted.

Contact Information:
Motorpoint Group PLC (www.motorpointplc.com) Manjit Virk, Company Secretary	Via FTI Consulting
FTI Consulting (Financial PR) Jonathon Brill Alex Beagley	020 3727 1000

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group'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 seven 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Carpenter
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	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 ("Ordinary Shares) GB00BD0SFR60
b)	Nature of the transaction	Grant of Options under the Motorpoint Group PLC Sharesave Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Option Price 177.3 pence 2030 options over Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	22.12.2017
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Gilmour
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	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 ("Ordinary Shares) GB00BD0SFR60
b)	Nature of the transaction	Grant of Options under the Motorpoint Group PLC Sharesave Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Option Price 177.3 pence 2030  options over Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	22.012.2017
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Baird
2	Reason for the notification
a)	Position/status	PDMR
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 ("Ordinary Shares) GB00BD0SFR60
b)	Nature of the transaction	Grant of Options under the Motorpoint Group PLC Sharesave Plan 2018
c)	Price(s) and volume(s)	Price(s) Volume(s) Option Price 177.3 pence 2030  options over Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	22.12.2017
f)	Place of the transaction	Outside of a trading venue

 

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