Notification of Transactions by PDMRs

RNS Number : 1890Y
Auto Trader Group plc
17 August 2018
 

17 August 2018

 

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 17 August 2018 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)

46,004

Nathan Coe (Director)

25,548

 

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, the 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 August 2018. The transactions took place in the United Kingdom.

 

Grant of Awards under the Company's Performance Share Plan

On 17 August 2018 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)

248,942

Nathan Coe (Director)

165,326

 

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 operating profit growth and Group revenue growth performance conditions are met over a measurement period comprising three financial years ending on 31 March 2021, as outlined in the 2018 Annual Report.

 

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 August 2018. 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

46,004


GBP0

248,942


d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

294,946

GBP0

e)

Date of the transaction

17 August 2018

f)

Place of the transaction

Outside of a trading venue

 

Details of the person discharging managerial responsibilities / person closely associated

Name

Nathan Coe

Reason for the notification

Position/status

Chief Operating and Financial 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

25,548


GBP0

165,326


Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

190,874

GBP0

Date of the transaction

17 August 2018

Place of the transaction

Outside of a trading venue

Enquiries:

Auto Trader Group plc
Claire Baty, Company Secretary

+44 (0)161 669 9888

 


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