Director/PDMR Shareholding

RNS Number : 7918D

Motorpoint Group plc

21 February 2020

 

21 February 2020

Motorpoint Group Plc

 (" Motorpoint " or "the Company")

Transactions by Persons Discharging Managerial Responsibility
and persons closely associated with them

Motorpoint, the UK's largest independent vehicle retailer, announces that on 19 February 2020 3,203 ordinary shares of £0.01 in the Company ("Shares") were sold on behalf of James Gilmour (CFO) at £3.007 each, following the exercise of options pursuant to Motorpoint's 2017 sharesave scheme which matured on 3 February 2020.

Following the sale of Shares Mr Gilmour continues to comply with the Company's shareholding policy requirements and holds 175,317 ordinary shares in the Company.

The notification at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

Contact Information:
Motorpoint Group Plc (www.motorpointplc.com) Manjit Virk, Company Secretary	Via FTI Consulting
FTI Consulting (Financial PR) Alex Beagley James Styles	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 13 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury, Sheffield and Swansea, of which five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Gilmour
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	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 ("Ordinary Shares) GB00BD0SFR60
b)	Nature of the transaction	Disposal of Shares from Exercise of Options under the Motorpoint Group Plc Sharesave Plan 2017
c)	Price(s) and volume(s)	Price(s) Volume(s) 300.7069 pence 3,203 Ordinary Shares
d)	Aggregated information - Aggregated volume  - Price	N/A (single transaction)
e)	Date of the transaction	19.02.2020
f)	Place of the transaction	London Stock Exchange (XLON)

 

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