PDMR

RNS Number : 9845M
Motorpoint Group plc
19 September 2019
 

19 September 2019

Motorpoint Group Plc

 ("Motorpoint" or "the Company")

Transactions by Persons Discharging Managerial Responsibility ("PDMR")
and persons closely associated with them

 

Motorpoint, the UK's largest independent vehicle retailer, hereby notifies the market that on 19 September 2019, the Company received notification from David Shelton, a non-executive director of Motorpoint, that via Shoby Investments Partnership he has sold his remaining 2,396,726 ordinary shares in the Company on the London Stock Exchange at a price of 210 pence per share. Numis agreed to waive the lock-up pursuant to the Placing which was announced on 6 September 2019.

The Notification of Dealing Form provided in accordance with the requirements of Article 19 of the Market Abuse Regulation (EU) No 596/2014 in relation to the transaction listed above is set out below: 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Shoby Investments Partnership

2.     

Reason for the notification

a)

Position/status

PCA with David Shelton, Non-Executive Director

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

 

ISIN Code: GB00BD0SFR60

 

b)

Nature of the transaction

Disposal

c)

Price(s) and volume(s):

 

Price(s)

Volume(s)

£2.10

2,396,726

d)

Aggregated information:

 

Price

Volume

£5,033,124.60

2,396,726

e)

Date of the transaction

18 September 2019

f)

Place of the transaction

London Stock Exchange (XLON)

 

For the purposes of the Market Abuse Regulation (EU) 596/2014 and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Manjit Virk, Company Secretary.

 

Contact Information:

 

Motorpoint Group Plc (www.motorpointplc.com)

Manjit K. Virk, Company Secretary

 

Via FTI Consulting

FTI Consulting (Financial PR)

Alex Beagley

James Styles

Fern Duncan

 

020 3727 1000

 

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company'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 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which five have opened in the last five years; together with a national contact-centre dealing with online enquiries.

 

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHLLFVIAAIALIA
UK 100

Latest directors dealings