Director/PDMR Shareholding

RNS Number : 9981P

Auto Trader Group plc

23 June 2022

 

23 June 2022

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 Deferred Annual Bonus Plan ("DABP")

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

Name	Number of Shares under Awards
Nathan Coe (Director)	54786
Catherine Faiers (Director)	26332
Jamie Warner (Director)	27586

Subject to the terms of the DABP, the awards will ordinarily vest and become exercisable as from the second anniversary of the grant of the awards subject to the grantee's continued service.

Once exercisable, the 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 23 June 2022. The transactions took place in the United Kingdom.

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)	194795
Catherine Faiers (Director)	81021
Jamie Warner (Director)	84879

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 Carbon reduction performance conditions are met over a measurement period comprising three financial years ending on 31 March 2025, and subject to a Diversity underpin, as outlined in the 2022 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 23 June 2022. 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.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nathan Coe
2)	Reason for the notification
a)	Position/status	Chief Executive 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	54,786	DABP
		GBP0	194,795	PSP
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		GBP0	249,581
e)	Date of the transaction	23 June 2022
f)	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	26,332	DABP
		GBP0	81,021	PSP
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		GBP0	107,353	n/a
e)	Date of the transaction	23 June 2022
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	27,586	DABP
		GBP0	84,879	PSP
d)	Aggregated information	Aggregate Price	Aggregate Volume	Aggregate Total
		GBP0	112,465	n/a
e)	Date of the transaction	23 June 2022
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 create an inclusive and diverse culture. 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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