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Auto Trader Grp (AUTO)

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Friday 18 June, 2021

Auto Trader Grp

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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