Director/PDMR Shareholding

RNS Number : 2919C

Auto Trader Group plc

18 June 2021

 

18 June 2021

Auto Trader Group plc ("Auto Trader", the "Company", or "the Group")

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

Grant of Awards under the Company's Performance Share Plan ("PSP")

The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader PSP as noted below:

Name	Number of Shares under Awards
Nathan Coe (Director)	198,935
Catherine Faiers (Director)	82,743
Jamie Warner (Director)	86,683

Subject to the terms of the PSP, the awards will ordinarily vest and become exercisable as from the third anniversary of the grant of the awards. The awards will be subject to the grantee's continued service and the extent to which Group Operating profit growth, Group revenue growth and Diversity performance conditions are met over a measurement period comprising three financial years ending on 31 March 2024, as outlined in the 2021 Annual Report.

In line with best practice and shareholder expectations, the Remuneration Committee shall retain discretion to adjust the vesting outcome if it is not considered to be reflective of underlying financial or non-financial performance of the business or the performance of the individual over the performance period, or where the outcome is not considered appropriate in the context of the experience of shareholders or other stakeholders.

Once exercisable, awards shall ordinarily remain exercisable until the eve of the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.

The Company was notified of the above transactions on 17 June 2021. The transactions took place in the United Kingdom.

This notification is in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014. The notification of dealing forms can be found below.

Details of the person discharging managerial responsibilities / person closely associated
Name	Nathan Coe
Reason for the notification
Position/status	Chief Executive Officer
Initial notification/Amendment	Initial notification
Details of the issuer
Name	Auto Trader Group plc
LEI	213800QLK9BZILB1DI86
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
Description of the financial instrument, type of instrument. Identification code	Ordinary shares of 1 pence each ISIN: GB00BVYVFW23
Nature of the transaction	Grant of nil cost options over ordinary shares of 1 pence
Price(s) and volume(s)	Price(s)	Volume(s)
	GBP0	198,935
Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
	n/a	n/a	n/a
Date of the transaction	17 June 2021
Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Catherine Faiers
2)	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
a)	Name	Auto Trader Group plc
b)	LEI	213800QLK9BZILB1DI86
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 1 pence each ISIN: GB00BVYVFW23
b)	Nature of the transaction	Grant of nil cost options over ordinary shares of 1 pence
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP0	82,743
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		n/a	n/a	n/a
e)	Date of the transaction	17 June 2021
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jamie Warner
2)	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer
a)	Name	Auto Trader Group plc
b)	LEI	213800QLK9BZILB1DI86
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 1 pence each ISIN: GB00BVYVFW23
b)	Nature of the transaction	Grant of nil cost options over ordinary shares of 1 pence
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP0	86,683
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		n/a	n/a	n/a
e)	Date of the transaction	17 June 2021
f)	Place of the transaction	Outside of a trading venue

Enquiries:

Auto Trader Claire Baty, Company Secretary

0345 111 0006

About Auto Trader

Auto Trader Group plc is the UK and Ireland's largest digital automotive marketplace. Our marketplace sits at the heart of the vehicle buying process, with the largest number of car buyers and the largest choice of trusted stock. Auto Trader exists to grow both its car buying audience and core advertising business. It will change how the UK shops for cars by providing the best online car buying experience, enabling all retailers to sell online. We aim to build stronger partnerships with our customers, use our voice and influence to drive more environmentally friendly vehicle choices and lead an inclusive and diverse culture in our industry. Auto Trader listed on the London Stock Exchange in March 2015 and is now a member of the FTSE 100 Index.

For more information, please visit: https://plc.autotrader.co.uk/  

 

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