TIDMMOTR

RNS Number : 8955O

Motorpoint Group plc

03 February 2023

03 February 2023

Motorpoint Group plc

("Motorpoint", the "Group" or the "Company")

Notification of Transactions by Person Discharging Managerial Responsibility and Person (PDMR) Closely Associated with Them

John Walden, Chair of Motorpoint Group plc's Board and a PDMR, elected to purchase shares in Motorpoint Group plc as detailed in the table below.

The notifications at the end of the announcement, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail of the shares purchased.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                         J ohn Walden 
     ---------------------------  ------------------------------------------------ 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------------- 
 a)   Position/status              C hair of the Board of Directors 
     ---------------------------  ------------------------------------------------ 
 b)   Initial notification         Initial Notification 
       /Amendment 
     ---------------------------  ------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                         Motorpoint Group Plc 
     ---------------------------  ------------------------------------------------ 
 b)   LEI                          213800WG8RSE45I3MF22 
     ---------------------------  ------------------------------------------------ 
      Details of the transaction(s): section to be repeated 
  4    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           Ordinary shares of GBP0.01 each in 
       financial instrument,        Motorpoint Group plc ("Ordinary Shares") 
       type of instrument 
 
      Identification code          GB00BD0SFR60 
 
 b)   Nature of the transaction    P urchase of shares 
     ---------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s) 
                                    ------------------------  ------------------ 
                                     Price(s)                  Volume(s) 
                                    ------------------------  ------------------ 
                                     S hare Price 145.73       137,000 Ordinary 
                                      pence                     Shares 
                                    ------------------------  ------------------ 
 
 d)   Aggregated information 
 
      - Aggregated volume          N/A (single transaction) 
 
      - Price 
 
 e)   Date of the transaction      01 February 2023 
     ---------------------------  ------------------------------------------------ 
 f)   Place of the transaction     OTC 
     ---------------------------  ------------------------------------------------

For further information, please contact:

 
Motorpoint Group PLC               via FTI Consulting 
 Mark Carpenter, Chief Executive 
 Officer 
 Chris Morgan, Chief Financial 
 Officer 
 
  FTI Consulting (Financial PR) 
  Alex Beagley 
  Sam Macpherson 
  Harriet Jackson 
  Amy Goldup                         020 3727 1000

Notes to editors

Motorpoint 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 way of buying, selling and financing their car whether online, in-store or a combination of both. Through its leading B2C platform Motorpoint.co.uk and UK network of 19 sales and collection branches, the Group provides an unrivalled offering in the nearly new car market, where consumers can effortlessly browse, buy or finance their next car and collect or have it delivered directly to their homes. Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market that have been part exchanged by retail customers, or purchased directly from them by the Group as part of its online car buying service. Motorpoint's diversified business model, underpinned by its established brand, industry leading technology and sophisticated marketing infrastructure, always delivers the best choice, value, service and quality for customers. The Group is proud to have been recognised for eight consecutive years as one of the Top 100 Best Companies to Work For.

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END

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February 03, 2023 05:40 ET (10:40 GMT)

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