MOTORPOINT GROUP PLC — Remuneration Information 2019

Jul 23, 2019

National Storage Mechanism | Additional information

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RNS Number : 3443G

Motorpoint Group plc

23 July 2019

23 July 2019

Motorpoint Group Plc

("Motorpoint" or "the Company")

Grant under Performance Share Plan

Motorpoint, the UK's largest independent vehicle retailer announces that on 22 July 2019 awards over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") were made under the Motorpoint Group Plc Performance Share Plan ("PSP") to the Directors/Persons Discharging Managerial Responsibilities as set out below.

The awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and subject to the terms of the PSP. The Options ordinarily vest on the third anniversary of the grant and are subject to the grantee's continued service and certain performance conditions relating to the Company's EPS and market share growth over a three year measurement period starting at the beginning of FY20. Following the vesting of the Options, any vested Ordinary Shares of the CEO and CFO are subject to a holding period which expires on the second anniversary of the date on which the Options vest, 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	Total number of options over Ordinary Shares held as a percentage of current issued share capital
Mark Carpenter (CEO)	155,470	449,451	0.48%
James Gilmour (CFO)	121,937	395,821	0.42%
Jonathan Baird	29,491	104,970	0.11%
Catherine Moseley	23,820	18,585	0.02%

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.

Enquiries:

Motorpoint Group plc Manjit K Virk, Company Secretary	Via FTI Consulting
FTI Consulting (Financial PR) Alex Beagley James Styles Sam Macpherson	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.

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 Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost option	155,470 options over Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

22.07.2019

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

James Gilmour

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

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 Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost option	121,937 options over Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

22.07.2019

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jonathan Baird

2

Reason for the notification

a)

Position/status

Person Discharging Managerial Responsibilities

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

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 Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost option	29,491 options over Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

22.07.2019

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Catherine Moseley

2

Reason for the notification

a)

Position/status

Person Discharging Managerial Responsibilities

Human Resources 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 ("Ordinary Shares)

GB00BD0SFR60

b)

Nature of the transaction

Grant of Options under the Motorpoint Group Plc Performance Share Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil cost option	23,820 options over Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

22.07.2019

f)

Place of the transaction

Outside of a trading venue

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