Director/PDMR Shareholding

RNS Number : 4011I
Auto Trader Group plc
19 June 2017
 

19 June 2017

 

Auto Trader Group plc (the "Company", "the Group")

 

Notification of Transactions by PDMRs

 

Grant of Awards under the Company's Deferred Annual Bonus Plan

 

On 16 June 2017 the following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader Group plc Deferred Annual Bonus Plan (the "DABP") as noted below:

 

Name

Number of Shares under Awards

Trevor Mather (Director)

 52,062

Nathan Coe (Director)

 25,783

Sean Glithero (Director)

 24,923

 

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, an award 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.

 

The Company was notified of the above transactions on 16 June 2017. The transactions took place in the United Kingdom.

 

Grant of Awards under the Company's Performance Share Plan

On 16 June 2017 the following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the Auto Trader Group plc Performance Share Plan (the "PSP") as noted below:

 

Name

Number of Shares under Awards

Trevor Mather (Director)

 273,309

Nathan Coe (Director)

 131,348

Sean Glithero (Director)

 113,228

 

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 subject to the grantee's continued service and to the extent to which Group Cumulative operating profit and relative Company total shareholder return performance criteria are met over a measurement period comprising three financial years ending on 31 March 2020.

 

Once exercisable, an award 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.

 

The Company was notified of the above transactions on 16 June 2017. 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

Trevor Mather

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

52,062

 

GBP0

 273,309

 

d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

325,371

GBP0

e)

Date of the transaction

16 June 2017

f)

Place of the transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nathan Coe

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

 25,783

 

GBP0

 131,348

 

d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

157,131

GBP0

e)

Date of the transaction

16 June 2017

f)

Place of the transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sean Glithero

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

 24,923

 

GBP0

 113,228

 

d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

138,151

GBP0

e)

Date of the transaction

16 June 2017

f)

Place of the transaction

Outside of a trading venue

 

Enquiries:

Auto Trader Group plc
Claire Baty, Company Secretary

+44 (0)161 669 9888

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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