Awards granted under the Performance Share Plan

Motorpoint Group plc
28 June 2023
 

28 June 2023


Motorpoint Group plc

("Motorpoint", the "Group" or the "Company")

 

Awards granted under the Performance Share Plan

 

Motorpoint, the UK's leading independent omnichannel used vehicle retailer, announces that on 27 June 2023 (the "Grant Date") awards of Restricted Shares over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") were made under the Company's Performance Share Plan ("PSP") to the Persons Discharging Managerial Responsibilities as set out below (the "Awards").

 

The Awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and are subject to the terms of the PSP.  The Options ordinarily vest on the third, fourth and fifth anniversaries of the grant (in 50%, 25% and 25% portions respectively). The Options are ordinarily subject to the grantee's continued service and a performance condition requiring the Remuneration Committee of the Company to be satisfied that the business performance is robust and sustainable, and that the executive directors and senior management have strengthened the business. Following the vesting of the Options held, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the Grant Date.

 

Name

Number of Options granted

Total number of options over Ordinary Shares as at Grant Date

Total number of options over Ordinary Shares held as a percentage of current issued share capital as at Grant Date

Mark Carpenter

(CEO)

214,220

520,914

0.58%

Chris Morgan

(CFO)

156,074

323,070

0.36%

 

 

Motorpoint Group PLC

Mark Carpenter, Chief Executive Officer

via FTI Consulting

Chris Morgan, Chief Financial Officer

 

FTI Consulting (Financial PR)

Alex Beagley

Sam Macpherson

Harriet Jackson

Amy Goldup

 

 

020 3727 1000

 

 

 

Notes to editors

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 20 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best choice, value, service and quality for customers. The Group is proud to have been recognised for nine consecutive years as one of the Top 100 Best Companies to Work For.

 

 

 

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

 

 

Mark Carpenter

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive 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

Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares")



Identification code

GB00BD0SFR60



b)

 

Nature of the transaction

 

 

Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil cost option

214,220 Options over Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

214,220



- Price

Nil



e)

 

Date of the transaction

 

 

27 June 2023

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Chris Morgan

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

Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares")



Identification code

GB00BD0SFR60



b)

 

Nature of the transaction

 

 

Grant of Restricted Shares under the Motorpoint Group Plc Performance Share Plan

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Nil cost option

156,074 Options over Ordinary Shares







d)

 

Aggregated information




- Aggregated volume

156,074



- Price

Nil



e)

 

Date of the transaction

 

 

27 June 2023

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

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