8 September 2021
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
Grant of options under Marshall Motor Holdings Plc Performance Share Plan
Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 8 September 2021 the following directors and persons discharging managerial responsibilities ("PDMR") were granted nil cost options ("Options") under the rules of the Marshall Motor Holdings Plc Performance Share Plan ("PSP") to acquire ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:
| Director/PDMR | Position | Number of Ordinary Shares under option | Exercise price |
| Daksh Gupta | Chief Executive Officer | 408,560 | £Nil |
| Richard Blumberger | Chief Financial Officer | 169,261 | £Nil |
| Jamie Crowther | Operations Director | 58,366 | £Nil |
| Jon Head | Commercial Director | 58,366 | £Nil |
| Stephen Jones | Company Secretary | 58,366 | £Nil |
| Jo Moxon | HR Director | 46,693 | £Nil |
The normal vesting date of the Options will be 10 March 2024. Any Ordinary Shares acquired pursuant to the Options will be subject to a 24 month holding period for executive directors and a 12 month holding period for other PDMRs.
The Options are subject to the rules of the PSP and will vest dependent upon continued employment and the achievement of stretching performance targets over a three-year period to 31 December 2023. The performance targets include profit before tax and return on capital targets, the achievement of strategic goals and employee engagement.
The Options are subject to malus and clawback in line with the Company's Remuneration Policy.
Details of the full notifications received by the Company are set out below:
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||
| a)
| Name
| 1. Daksh Gupta 2. Richard Blumberger 3. Jamie Crowther 4. Jon Head 5. Stephen Jones 6. Jo Moxon | |||||||||||||||||||||
| 2 | Reason for notification | ||||||||||||||||||||||
| a)
| Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Operations Director 4. Commercial Director 5. Company Secretary 6. 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
| Grant 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)
|
| |||||||||||||||||||||
| e)
| Aggregated information - Aggregated volume - Price | Not applicable
| |||||||||||||||||||||
| f)
| Date of the transaction
| 8 September 2021 | |||||||||||||||||||||
| g)
| Place of the transaction
| Outside a trading venue | |||||||||||||||||||||
ENDS
For further information and enquiries please contact:
| Marshall Motor Holdings plc | c/o Hudson Sandler Tel: +44 (0) 20 7796 4133 |
| Daksh Gupta, Chief Executive Officer |
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| Richard Blumberger, Chief Financial Officer |
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| Investec Bank plc (NOMAD & Broker) | Tel: +44 (0) 20 7597 5970 |
| Christopher Baird |
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| David Anderson |
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| Hudson Sandler | Tel: +44 (0) 20 7796 4133 |
| Nick Lyon |
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| Bertie Berger |
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| Nick Moore |
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Notes to Editors
About Marshall Motor Holdings plc (www.mmhplc.com)
The Group's principal activities are the sale and repair of new and used vehicles. The Group's businesses have a total of 116 franchises covering 22 brands, across 29 counties in England. In addition, the Group operates six trade parts specialists, two used car centres, six standalone body shops and one pre delivery inspection centre.
In May 2021 the Group was recognised by the Great Place to Work Institute, being ranked the 12th best place to work in the UK (super large company category). This was the eleventh year in succession that the Group has achieved Great Place to Work status.
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