Marshall Motor Holdings Plc - Exercise of IPO Awards, Director Shareholdings and Total Voting Rights

Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 2 April 2019 certain directors and/or persons discharging managerial responsibilities ('PDMRs') of the Company exercised certain share options granted at the Company's IPO on 2 April 2015 ("IPO Awards") and previously disclosed in the IPO Admission Document.  The IPO Awards vested on 2 April 2019 following satisfaction in full of all relevant financial performance conditions for the three year period ended 31 December 2017 and the condition as to continued employment with the Company which attached to such IPO Awards.

As a result, the following directors and/or PDMRs were issued new ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:

Name

Position

Number of additional Ordinary Shares*

Resultant interest in Ordinary Shares

% holding of total issued share capital of Company

Daksh Gupta

Chief Executive Officer

 177,852

1,341,124

1.72

Jamie Crowther

Operations Director

 17,785

 48,992

0.06

Helen Burrows

HR Director

 13,339

33,389

0.04

Stephen Jones

Company Secretary

 13,339

 26,678

0.03

*associated tax and national insurance contribution liabilities arising in respect of the exercise of the IPO Awards have already been cash settled.

A further 84,479 new Ordinary Shares were issued pursuant to exercise of IPO Awards in respect of persons other than directors or PDMRs.  These included 71,141 new Ordinary Shares issued to Mark Raban, the former Chief Financial Officer of the Company, following exercise by the Company of its discretion to permit such awards to vest, further details of which are set out in the Company's 2018 Annual Report and Accounts. 

An application for admission to trading of the 306,795 new Ordinary Shares issued and allotted pursuant to the IPO Awards as set out above has today been submitted to London Stock Exchange plc and admission is expected to become effective on 8 April 2019.

Following admission of the new Ordinary Shares, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 78,172,448 Ordinary Shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 78,172,448. The above figure of 78,172,448 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Details of the 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

 

 

Exercise 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

177,852

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

2 April 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

 

 

Exercise 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

17,785

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

2 April 2019

g)

 

Place of the transaction

 

Outside a trading venue

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Helen Burrows

 

2

Reason for notification

a)

 

Position/status

HR 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

 

 

Exercise 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

13,339

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

2 April 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

 

 

Exercise 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

13,339

 

 

e)

 

Aggregated information

- Aggregated volume

- Price

N/A

 

 

f)

 

Date of the transaction

 

2 April 2019

g)

 

Place of the transaction

 

Outside a trading venue