5 August 2021
Lookers plc
Grant of share options under the Lookers plc Long-Term Incentive Plan
The Board of Directors of Lookers plc ("Lookers" or the "Company") announces that, following approval by the Company's Remuneration Committee, the Company has today granted options to a number of senior employees (the "Options").
The Options have been granted pursuant to the rules of the Lookers Long-Term Incentive Plan.
The Options have been granted over a total of 2,048,190 ordinary shares of £0.05 each in the capital of the Company, including to the following Persons Discharging Material Responsibilities ("PDMR"):
| PDMR | Basis of award | Number of awards |
| Mark Raban | 150% of salary | 1,016,566 |
| Duncan McPhee | 100% of salary | 421,686 |
In normal circumstances, the Options are exercisable three years from the date of grant, subject to meeting stretching Absolute Total Shareholder Return and Underlying Earnings Per Share performance targets over a three year period to 31 December 2023.
The Options are subject to malus and clawback in line with the Company's Directors' Remuneration Policy. A two year holding period is applicable to all vested awards.
In accordance with Article 19 of the UK Market Abuse Regulation, detailed information about the grant of the Options to PDMRs is attached to this announcement.
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 Raban |
| 2. | Reason for the notification | |
| a) | Position / status | Chief Executive Officer |
| b) | Initial notification / amendment | Initial Notification |
| 3. | Details of the issuer or emission allowance market participant | |
| a) | Name | Lookers plc |
| b) | LEI | 213800TSB8PJEACDAV33 |
| 4. | Details of the transaction(s): | |
| a) | Description of the financial instrument Identification code | Nil cost options over ordinary shares of 5 pence GB00B17MMZ46 |
| b) | Nature of the transaction | Grant of options |
| c) | Price(s) and volume(s) | Volume: 1,016,566 Price: nil cost options |
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
|
| e) | Date of the transaction | 4 August 2021 |
| f) | Place of the transaction | London Stock Exchange |
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 | Duncan McPhee |
| 2. | Reason for the notification | |
| a) | Position / status | Chief Operating Officer |
| b) | Initial notification / amendment | Initial Notification |
| 3. | Details of the issuer or emission allowance market participant | |
| a) | Name | Lookers plc |
| b) | LEI | 213800TSB8PJEACDAV33 |
| 4. | Details of the transaction(s): | |
| a) | Description of the financial instrument Identification code | Nil cost options over ordinary shares of 5 pence GB00B17MMZ46 |
| b) | Nature of the transaction | Grant of options |
| c) | Price(s) and volume(s) | Volume: 421,686 Price: nil cost options |
| d) | Aggregated information - Aggregated volume - Price |
N/A - single transaction
|
| e) | Date of the transaction | 4 August 2021 |
| f) | Place of the transaction | London Stock Exchange |
Enquiries:
Debbie Fish
Deputy Company Secretary
07989 224729
The Company is registered in England at Lookers House, 3 Etchells Road, West Timperley, Altrincham WA14 5XS. Company registration number 00111876. LEI number 213800TSB8PJEACDAV33
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