Grant of Options under SAYE Scheme

RNS Number : 4205J
Motorpoint Group plc
22 December 2020
 

22 December 2020

Motorpoint Group Plc

 (" Motorpoint " or "the Company")

Grant of Options under SAYE Scheme

 

Motorpoint, the UK's largest independent omni-channel vehicle retailer, is pleased to announce that it has launched its 2021 Save As You Earn ("SAYE") share scheme for all its permanent employees on 21 December 2020.

  

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Shares") at an exercise price of 277.2 pence, representing a 10% discount to the closing middle market price of the Shares on 29 November 2020 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 February 2021 and are exercisable between 1 February 2024 and 31 July 2024.

 

A total of 253 employees out of 804 elected to participate, and pursuant to these elections a total of 259,001 Shares under Option have been granted, equating to 0.29% of the current issued share capital.

 

Mark Carpenter, Chief Executive Officer of the Company, has elected to participate in the SAYE scheme and is included in the total figures above. Pursuant to the 2021 SAYE scheme he has 1,298 Shares under Option.

 

As a result of these Option grants, the above individual's direct interests in Shares are as follows:

 

Director / PDMR

Shares held

Number of Options granted

Total number of options over Shares

Total interest in Shares as a percentage of current issued share capital (%)

Mark Carpenter

8,877,759

1,298

344,359

10.23%

 

The notifications at the end of the announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the Options granted.

 

 

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 14 retail sites across the United Kingdom; Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Stockton on Tees, Swansea and Widnes; 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

 

 

 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

 

Identification code

 

 

 

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

 

GB00BD0SFR60

 

b)

 

Nature of the transaction

 

 

Grant of Options under the Motorpoint Group Plc Sharesave Plan 2021

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Option Price 277.2 pence

 

1298 options over Ordinary Shares

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

N/A (single transaction)

 

e)

 

Date of the transaction

 

 

21.12.2020

f)

 

Place of the transaction

 

 

Outside of a trading venue

 

 

 

 

 

 

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