Source - RNS
RNS Number : 0498M
Lookers PLC
07 October 2016
 

7th October 2016

 

 

Lookers plc

("Lookers" or the "Company")

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them ("PCA")

On 4th October 2016, the PDMR named below was granted an option to acquire the number of ordinary shares of 5 pence each ("Ordinary Shares") in the capital of Lookers set out opposite his name under the terms of the Lookers plc Sharesave Scheme ("SAYE") at a fixed option price of £1.0747 pence per Ordinary Share.

 

Name / Position of PDMR

Number of Ordinary Shares over which the option is held

 

Robin Gregson Group Finance Director

 8,374

 

The option grant was notified to the Company by the individual referred to above on 4th October 2016.

 

The individual referred to above has entered into a savings contract with Yorkshire Building Society under which a regular sum will be saved each month for a period of three years.  The number of Ordinary Shares over which each option is held is the number of Ordinary Shares which have an aggregate option price not exceeding the projected proceeds of the savings contract.  In normal circumstances, each option will not be capable of being exercised until 1 December 2019 (the maturity date of the savings contract).

 

In accordance with the rules of the SAYE, no consideration was paid by the above named individual for the option granted to him.  Each option is subject to, and governed by, the rules of the SAYE and the legislation relating to the SAYE.

 

This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Robin Gregson

2

 

Reason for the notification

 

a)

 

Position/status

 

Director/PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

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

 

a)

 

Name

 

Lookers plc

b)

 

LEI

 

N/A

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 5 pence each

 

 

 

ISIN: GB00B17MMZ46

b)

 

Nature of the transaction

 

 

Grant of options to acquire shares under the Lookers plc Sharesave Scheme.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.0747 

 8,374

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

As above

 

 

 

 

e)

 

Date of the transaction

 

4th October 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

On 4th October 2016, the PDMR named below was granted an option to acquire the number of ordinary shares of 5 pence each ("Ordinary Shares") in the capital of Lookers set out opposite his name under the terms of the Lookers plc Sharesave Scheme ("SAYE") at a fixed option price of £1.0747 pence per Ordinary Share.

 

Name / Position of PDMR

Number of Ordinary Shares over which the option is held

 

Andrew Bruce CEO

 8,374

 

The option grant was notified to the Company by the individual referred to above on 4th October 2016.

 

The individual referred to above has entered into a savings contract with Yorkshire Building Society under which a regular sum will be saved each month for a period of three years.  The number of Ordinary Shares over which each option is held is the number of Ordinary Shares which have an aggregate option price not exceeding the projected proceeds of the savings contract.  In normal circumstances, each option will not be capable of being exercised until 1 December 2019 (the maturity date of the savings contract).

 

In accordance with the rules of the SAYE, no consideration was paid by the above named individual for the option granted to him.  Each option is subject to, and governed by, the rules of the SAYE and the legislation relating to the SAYE.

 

This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Andrew Bruce

2

 

Reason for the notification

 

a)

 

Position/status

 

Director/PDMR

b)

 

Initial notification /Amendment

 

Initial notification

3

 

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

 

a)

 

Name

 

Lookers plc

b)

 

LEI

 

N/A

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 5 pence each

 

 

 

ISIN: GB00B17MMZ46

b)

 

Nature of the transaction

 

 

Grant of options to acquire shares under the Lookers plc Sharesave Scheme.

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

£1.0747 

 8,374

 

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

As above

 

 

 

 

e)

 

Date of the transaction

 

4th October 2016

f)

 

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 

 

 

Enquiries:

 

 

Lookers Plc

 

Glenda MacGeekie

Company Secretary

0161 291 0043

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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