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Marshall Motor Hldgs (MMH)

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Thursday 28 November, 2019

Marshall Motor Hldgs

Grant of options

RNS Number : 0132V
Marshall Motor Holdings PLC
28 November 2019
 

28 November 2019

MARSHALL MOTOR HOLDINGS PLC

("MMH" or the "Company")

Grant of options under Marshall Motor Holdings Plc Performance Share Plan

Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 28 November 2019 the following directors and persons discharging managerial responsibilities ("PDMR") were granted nil cost options under the rules of the Marshall Motor Holdings Plc Performance Share Plan ("PSP") to acquire ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:

Director/PDMR

Position

Number of Ordinary Shares under option

Exercise price

Daksh Gupta

Chief Executive Officer

223,842

£Nil

Richard Blumberger

Chief Financial Officer

102,632

£Nil

Jamie Crowther

Operations Director

35,088

£Nil

Jon Head

Commercial Director

28,070

£Nil

Stephen Jones

Company Secretary

35,088

£Nil

 

The vesting date of the options will be 28 November 2022, being the third anniversary of the award date. Shares acquired will then be subject to a holding period until the announcement by the Company of its 2022 annual results.

These options are subject to the rules of the PSP and will vest dependent upon continued employment and subject to the Remuneration Committee being satisfied that there has been no material deterioration in the Company's performance which significantly departs from any market deterioration.

Details of the full notifications received by the Company are set out below:

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Daksh Gupta

 

2

Reason for 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

 

Marshall Motor Holdings plc

b)

LEI

213800BP3HZWHDWXAY78 

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 64p each

 

 ISIN Code: GB00BVYB2Q58

b)

 

Nature of the transaction

 

 

Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan

c)

Currency

GBP

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 £Nil

223,842

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

28 November 2019

g)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Richard Blumberger

 

2

Reason for 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

 

Marshall Motor Holdings plc

b)

LEI

213800BP3HZWHDWXAY78 

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 64p each

 

 ISIN Code: GB00BVYB2Q58

b)

 

Nature of the transaction

 

 

Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan

c)

Currency

GBP

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 £Nil

102,632

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

28 November 2019

g)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Jamie Crowther

 

2

Reason for notification

a)

 

Position/status

Operations Director

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Marshall Motor Holdings plc

b)

LEI

213800BP3HZWHDWXAY78 

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 64p each

 

 ISIN Code: GB00BVYB2Q58

b)

 

Nature of the transaction

 

 

Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan

c)

Currency

GBP

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 £Nil

35,088

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

28 November 2019

g)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Jon Head

 

2

Reason for notification

a)

 

Position/status

Commercial Director

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Marshall Motor Holdings plc

b)

LEI

213800BP3HZWHDWXAY78 

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 64p each

 

 ISIN Code: GB00BVYB2Q58

b)

 

Nature of the transaction

 

 

Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan

c)

Currency

GBP

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 £Nil

28,070

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

28 November 2019

g)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

Stephen Jones

 

2

Reason for notification

a)

 

Position/status

Company Secretary

b)

 

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Marshall Motor Holdings plc

b)

LEI

213800BP3HZWHDWXAY78 

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 64p each

 

 ISIN Code: GB00BVYB2Q58

b)

 

Nature of the transaction

 

 

Grant of nil cost options under the rules of the Marshall Motor Holdings plc Performance Share Plan

c)

Currency

GBP

d)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 £Nil

35,088

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

28 November 2019

g)

 

Place of the transaction

 

Outside a trading venue

 

ENDS

For further information and enquiries please contact:

 

Marshall Motor Holdings plc

c/o Hudson Sandler Tel: +44 (0) 20 7796 4133

Daksh Gupta, Chief Executive Officer


Richard Blumberger, Chief Financial Officer




Investec Bank plc (NOMAD & Broker)

Tel: +44 (0) 20 7597 5970

Christopher Baird


David Flin


David Anderson




Hudson Sandler

Tel: +44 (0) 20 7796 4133

Nick Lyon


Bertie Berger


Nick Moore


 

 

Notes to Editors

 

About Marshall Motor Holdings plc (www.mmhplc.com)

The Group's principal activities are the sale and repair of new and used vehicles. The Group's businesses comprise a total of 110 franchises covering 24 brands, operating from 87 locations across 27 counties in England. In addition, the Group operates six trade parts specialists, two used car centres, five standalone body shops and one pre delivery inspection centre.

 

In May 2019 the Group was recognised by the Great Place to Work Institute, being ranked the 11th best place to work in the UK (super large company category). This was the ninth year in succession that the Group has achieved Great Place to Work status.

 


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