Director/PDMR Shareholding

RNS Number : 9952L

Lookers PLC

18 May 2022

 

Lookers plc

("the Company")

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

18 May 2022

Exercise of Share Options

The Company announces that on 13 May 2022 Duncan McPhee, Chief Operating Officer, exercised nil cost options to acquire ordinary shares of 5 pence each in the Company ("ordinary shares") pursuant to the terms of the Company's Long Term-Incentive Plan ("LTIP"). 

The options, which were awarded in 2019 and vested on 30 April 2022, were exercised in relation to 49,450 ordinary shares in aggregate. 22,331 of the shares arising from the exercise were sold to meet the tax liability arising from the exercise.  This sale took place on 16 May 2022 at a price of £0.717075 pence per ordinary share.

In accordance with Article 19 of the UK Market Abuse Directive, detailed information is set out below.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Duncan McPhee
2.	Reason for the notification
a)	Position / status	Chief Operating Officer
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer or emission allowance market participant
a)	Name	Lookers plc
b)	LEI	213800TSB8PJEACDAV33
4.	Details of the transaction(s):
a)	Description of the financial instrument Identification code	Ordinary shares of 5 pence GB00B17MMZ46
b)	Nature of the transaction	Option exercise
c)	Price(s) and volume(s)	Price: Nil Volume:  49,450
d)	Aggregated information -   Aggregated volume -   Price	N/A
e)	Date of the transaction	13 May 2022
f)	Place of the transaction	Private transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Duncan McPhee
2.	Reason for the notification
a)	Position / status	Chief Operating Officer
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer or emission allowance market participant
a)	Name	Lookers plc
b)	LEI	213800TSB8PJEACDAV33
4.	Details of the transaction(s):
a)	Description of the financial instrument Identification code	Ordinary shares of 5 pence GB00B17MMZ46
b)	Nature of the transaction	Sale of shares
c)	Price(s) and volume(s)	Price: £0.717075 Volume:  22,331
d)	Aggregated information -   Aggregated volume -   Price	N/A
e)	Date of the transaction	16 May 2022
f)	Place of the transaction	London Stock Exchange

Enquiries:

Debbie Fish

Deputy Company Secretary

0161 291 0043

The Company is registered in England at Lookers House, 3 Etchells Road, West Timperley, Altrincham WA14 5XS.  Company registration number 00111876.  LEI number 213800TSB8PJEACDAV33

 

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