Business
Awards granted under the Performance Share Plan
Awards granted under the Performance Share Plan.
About this update from Motorpoint Group Plc
[{"type":"text","content":"\n\n27 June 2024\n\nMotorpoint Group plc\n(\"Motorpoint\", the \"Group\" or the \"Company\")\n \nAwards granted under the Performance Share Plan\n \nMotorpoint, the UK's leading independent omnichannel vehicle retailer, announces that on 26 June 2024 (the \"Grant Date\") awards of Restricted Shares over ordinary shares of £0.01 each in the capital of the Company (\"Ordinary Shares\") were made under the Company's Performance Share Plan (\"PSP\") to the Persons Discharging Managerial Responsibilities as set out below (the \"Awards\").\n \nThe Awards set out below are in the form of nil cost options over Ordinary Shares (\"Options\") and were granted under and are subject to the terms of the PSP. The Options ordinarily vest on the third, fourth and fifth anniversaries of the grant (in 50%, 25% and 25% portions respectively). The Options are ordinarily subject to the grantee's continued service and a performance condition requiring the Remuneration Committee of the Company to be satisfied that the business performance is robust and sustainable, and that the executive directors and senior management have strengthened the business. Following the vesting of the Options held, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the Grant Date.\n \n\n\n\n\nName\n\n\nNumber of Options granted\n\n\nTotal number of options over Ordinary Shares as at Grant Date\n\n\nTotal number of options over Ordinary Shares held as a percentage of current issued share capital as at Grant Date\n\n\n\n\nMark Carpenter\n(CEO)\n\n\n193,931\n\n\n720,221\n\n\n0.81%\n\n\n\n\nChris Morgan\n(CFO)\n\n\n145,532\n\n\n473,978\n\n\n0.54%\n\n\n\n\n \n \n\n\n\n\nMotorpoint Group PLC\nMark Carpenter, Chief Executive Officer\n\n\nvia FTI Consulting\n\n\n\n\nChris Morgan, Chief Financial Officer\n \nFTI Consulting (Financial PR)\nAlex Beagley\nAmy Goldup\nHarriet Jackson\n\n\n \n \n020 3727 1000\n\n\n\n\n \n \n \nNotes to editors\nMotorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on giving retail and trade customers the easiest, most affordable and seamless wa...