Grant of awards under Long Term Incentive Plan

CT Automotive Group PLC

21 December 2023

 

CT Automotive Group plc (the "Company")

Grant of awards under Long Term Incentive Plan

CT Automotive Group plc announces that on 21 December 2023, the Company awarded options under the CT Automotive Long Term Incentive Plan 2022 to its Chief Financial Officer. The award is over ordinary shares of £0.005 ("Ordinary Shares") in the form of options to acquire Ordinary Shares at nominal value ("LTIP Awards") as detailed in the table below.

Executive	Role	Number of LTIP Awards
Anna Brown	Chief Financial Officer and Director	151,515

The LTIP Awards will vest on the third anniversary of grant subject to meeting earnings per share performance criteria for the three year period ending FY2025. 25% of the LTIP Awards will vest on meeting minimum performance criteria with vesting thereafter on a straight-line basis.

For further information, please contact:

CT Automotive     Simon Phillips, Chief Executive Officer	via MHP
MHP (Financial PR) Tim Rowntree Charlie Barker	Tel: [phone] [e-mail]
Liberum (Nominated Adviser and Broker) Richard Lindley Benjamin Cryer	Tel: [phone]

The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014: 

1	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	Anna Brown
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	CT Automotive Group plc
(b)	LEI	213800RP7B4UJ1DDKY67
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	Options over Ordinary shares of £0.005 pence each ISIN GB00BMHYGR77
(b)	Nature of the transaction	Award of options pursuant to CT Automotive Group plc 2022 Long Term Incentive Plan
(c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 151,515
(d)	Aggregated information -         Aggregated volume -         Price	N/A
(e)	Date of the transaction	21 December 2023
(f)	Place of the transaction	Outside a trading venue

 

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