MOTORPOINT GROUP PLC — Remuneration Information 2019

Dec 24, 2019

National Storage Mechanism | Additional information

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RNS Number : 0218Y

Motorpoint Group plc

24 December 2019

24 December 2019

Motorpoint Group Plc

("Motorpoint" or "the Company")

Grant of Options under SAYE Scheme

Motorpoint, the UK's largest independent vehicle retailer, is pleased to announce that it has launched a Save As You Earn ("SAYE") share scheme for all its permanent employees on 23 December 2019.

Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Ordinary Shares") at an exercise price of 2.30 pence, representing a 10% discount to the closing middle market price of the Ordinary Shares on 29 November 2019 ("Options"), the dealing day before the invitation to participate was made. The Options have a contract start date of 1 February 2020 and are exercisable between 1 February 2023 and 31 July 2023.

A total of 193 employees out of 745 elected to participate, and pursuant to these elections a total of 222,040 shares under Option have been granted, equating to 0.24% of the current issued share capital.

Mark Carpenter (CEO) and James Gilmour (CFO) of the Company, have elected to participate in the SAYE scheme and are included in the total figures above. Their individual Options pursuant to the SAYE scheme are as follows:

Mark Carpenter:           1,904 shares under Option

James Gilmour:             1,904 shares under Option

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

Director / PDMR	Ordinary Shares held	Number of Options granted	Total number of options over Ordinary Shares	Total interest in Ordinary Shares as a percentage of current issued share capital (%)
Mark Carpenter	8,874,556	1,565	442,314	10.28%
James Gilmour	175,317	1,565	335,304	0.57%

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 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 Sharesave Plan 2020

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Option Price 230 pence	1565 options over Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

23.12.2019

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 Sharesave Plan 2020

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Option Price 230 pence	1565 options over Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

23.12.2019

f)

Place of the transaction

Outside of a trading venue

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.

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