PDMR

RNS Number : 1033T

Motorpoint Group plc

29 June 2018

 

29 June 2018

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 29 June 2018, the Company received notification from David Shelton, a non-executive director of Motorpoint, that via Shoby Investments Partnership he had sold 10,000,000 ordinary shares in the Company on the London Stock Exchange at a price of 225 pence per share.  This sale results in Mr. Shelton being interested in a total of 13,396,726 ordinary shares in the Company, representing 13.6% 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) £2.25 10,000,000
d)	Aggregated information:	Price Volume £22,500,000 10,000,000
e)	Date of the transaction	29 June 2018
f)	Place of the transaction	London Stock Exchange (XLON)

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 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 four have opened in the last three years; together with a national contact-centre dealing with online enquiries.

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

 

END

 

 

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