18 May 2022
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Company")
ACCEPTANCE OF OFFER MADE BY CONSTELLATION AUTOMOTIVE HOLDINGS LIMITED BY PDMRS
Further to the announcement by the Company on 11 May 2022 (the "Options Announcement"), MMH announces that the New Ordinary Shares have been admitted to trading on AIM.
Accordingly, following the issue of the New Ordinary Shares, the Company's total issued share capital consists of 81,328,133 MMH Shares with one voting right per share. The Company does not hold any ordinary shares in treasury. Therefore, following the issue of the New Ordinary Shares, the total number of voting rights in the Company is 81,328,133.
The following persons discharging managerial duties have accepted the Offer in respect of the New Ordinary Shares beneficially held by them:
| Name of PDMR | Role | Shares held |
| Daksh Gupta | Chief Executive Officer | 912,467 |
| Richard Blumberger | Chief Financial Officer | 399,899 |
| Stephen Jones | Company Secretary | 156,853 |
| Jamie Crowther | Operations Director | 156,853 |
| Jon Head | Operations Director | 149,680 |
| Jo Moxon | HR Director | 96,790 |
| Adrian Wallington | Commercial Director | 39,773 |
The information set out below is provided in accordance with the requirements of the Market Abuse Regulation 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.
| 1 Details of the person discharging managerial responsibilities/person closely associated | ||
| a) Name | (a) Daksh Gupta ("DG") (b) Richard Blumberger ("RB") (c) Stephen Jones (SJ") (d) Jamie Crowther ("JC") (e) Jon Head ("JH") (f) Jo Moxon ("JM") (g) Adrian Wallington ("AW") | |
| 2 Reason for the notification | ||
| a) Position/status | (a) Chief Executive Officer (DG) (b) Chief Financial Officer (RB) (c) Company Secretary (SJ) (d) Operations Director (JC) (e) Operations Director (JH) (f) HR Director (JM) (g) Commercial Director (AW) | |
| 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 | Ordinary Shares of 64p each | |
| Identification code | GB00BVYB2Q58 | |
| b) Nature of the transaction | Sale of shares as described in the offer document published in connection with the Offer from Constellation Automotive Holdings Limited (the "Offer Document") | |
| c) Price(s) and volume(s) | Price(s) | Volume(s) |
| | £4.00 £4.00 £4.00 £4.00 £4.00 £4.00 £4.00 | 912,467 (DG) 399,899 (RB) 156,853 (SJ) 156,853 (JC) 149,680 (JH) 96,790 (JM) 39,773 (AW) |
| d) Aggregated information - Aggregated volume - Price | Not applicable, single transactions. | |
| e) Date of the transaction | 17 May 2022 | |
| f) Place of the transaction | London Stock Exchange (XLON) | |
Unless the context requires otherwise, words and expressions defined in the Options Announcement shall have the same meanings in this announcement.
The person responsible for arranging the release of this announcement on behalf of the Company is Stephen Jones, the Company Secretary of the Company.
For further information and enquiries please contact:
| Marshall Motor Holdings plc | c/o Hudson Sandler |
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| Daksh Gupta, Group Chief Executive | Tel: +44 (0) 20 7796 4133 |
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| Richard Blumberger, Chief Financial Officer |
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| Investec Bank plc (Financial Adviser, NOMAD & Broker) | Tel: +44 (0) 20 7597 5970 |
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| Christopher Baird |
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| David Anderson Ben Farrow |
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| Hudson Sandler | Tel: +44 (0) 20 7796 4133 |
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| Nick Lyon |
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| Bertie Berger 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 162 franchises covering 26 brands, across 37 counties in England and Wales. In addition, the Group operates nine trade parts specialists, two used car centres, five standalone body shops and one pre delivery inspection centre.
In April 2022 the Group was once again recognised by the Great Place to Work Institute, being ranked the 11th best place to work in the UK (super large company category). This was the twelfth year in succession that the Group has achieved Great Place to Work status.
LEI number: 213800BP3HZWHDWXAY78
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