11 April 2022
Lookers plc
(the "Company")
Director/PDMR Shareholding
Acquisition of Shares to satisfy deferred element of Executives' annual bonus
The Company announces that on 7 April 2022 the following ordinary shares in the Company were acquired by the Company's employee benefit trust (the "EBT") on behalf of the Executive Directors:
| Director | Position | Number of Ordinary Shares acquired |
| Mark Raban | Chief Executive Officer | 138,163 |
| Duncan McPhee | Chief Operating Officer | 81,669 |
| Oliver Laird | Chief Financial Officer | 21,491 |
The Executive Directors were required to defer 35% of their post-tax annual bonus for the financial year ended 31 December 2021 into ordinary shares (the "Deferred Shares") for a period of two years.
The acquisition of Deferred Shares by the EBT on their behalf puts the required deferral into effect. 35% of the post-tax value of each Executive Directors' annual bonus was provided to the EBT in order to effect the acquisition. Legal title to the Deferred Shares will be held by the EBT for a period of two years before being transferred to the Executive Directors.
The Deferred Shares will form part of each Executive Director's shareholding in the Company effective from the date above.
In accordance with Article 19 of the UK Market Abuse Regulation, detailed information is set out below.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR PERSONS CLOSELY ASSOCIATED WITH THEM
|
| 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, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Lookers plc | ||
| b) | LEI | 213800TSB8PJEACDAV33 | ||
| 4
| Details of the transaction(s): | |||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5 pence
GB00B17MMZ46 | ||
| b) | Nature of the transaction | Purchase of shares by the Lookers Employees' Share Trust to be held on behalf of Mark Raban to fulfil bonus deferral requirements. | ||
| c) | Price(s) and volume(s) |
| ||
| d) | Aggregated information - Aggregated volume - Price |
£0.860954
| ||
| e) | Date of the transaction | 7 April 2022 | ||
| f) | Place of the transaction | London Stock Exchange | ||
|
| 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, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | Name | Lookers plc | ||
| b) | LEI | 213800TSB8PJEACDAV33 | ||
| 4
| Details of the transaction(s): | |||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5 pence
GB00B17MMZ46 | ||
| b) | Nature of the transaction | Purchase of shares by the Lookers Employees' Share Trust to be held on behalf of Duncan McPhee to fulfil bonus deferral requirements | ||
| c) | Price(s) and volume(s) |
| ||
| d) | Aggregated information - Aggregated volume - Price |
£0.860954 | ||
| e) | Date of the transaction | 7 April 2022 | ||
| f) | Place of the transaction | London Stock Exchange | ||
|
| Details of the person discharging managerial responsibilities / person closely associated | |||
| a) | Name | Oliver Laird | ||
| 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 | Lookers plc | ||
| b) | LEI | 213800TSB8PJEACDAV33 | ||
| 4
| Details of the transaction(s): | |||
| a)
| Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5 pence
GB00B17MMZ46 | ||
| b) | Nature of the transaction | Purchase of shares by the Lookers Employees' Share Trust to be held on behalf of Oliver Laird to fulfil bonus deferral requirements. | ||
| c) | Price(s) and volume(s) |
| ||
| d) | Aggregated information - Aggregated volume - Price |
£0.860954 | ||
| e) | Date of the transaction | 7 April 2022 | ||
| f) | Place of the transaction | London Stock Exchange | ||
| Enquiries:
Debbie Fish Deputy Company Secretary 0161 291 0043
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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