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RNS Number : 7462W

Marshall Motor Holdings PLC

20 August 2020

20 August 2020

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 20 August 2020 the following directors and persons discharging managerial responsibilities ("PDMR") were granted nil cost 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 :

 
                                              Number of Ordinary 
 Director/PDMR        Position               Shares under option   Exercise price 
 Daksh Gupta          Chief Executive                    260,292           GBPNil 
                       Officer 
 Richard Blumberger   Chief Financial                    119,340           GBPNil 
                       Officer 
 Jamie Crowther       Operations Director                 60,000           GBPNil 
 Jon Head             Commercial Director                 60,000           GBPNil 
 Stephen Jones        Company Secretary                   60,000           GBPNil 
 Jo Moxon             HR Director                         48,000           GBPNil 
 

The vesting date of the options will be 11 March 2023. Any Ordinary Shares acquired pursuant to the PSP will be subject to a 12 month holding period.

These options are subject to the rules of the PSP and will vest dependent upon continued employment and subject to the Company's Remuneration Committee being satisfied that there has been no material deterioration in the Company's performance which significantly departs from any market deterioration.

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      Initial Notification 
       /Amendment 
     ------------------------  ------------------------------------------------ 
 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            Ordinary shares of 64p each 
       the financial 
       instrument, type          ISIN Code: GB00BVYB2Q58 
       of instrument 
       Identification 
       code 
     ------------------------  ------------------------------------------------ 
 b)   Nature of the             Grant of nil cost options under the rules 
       transaction               of the Marshall Motor Holdings plc Performance 
                                 Share Plan 
     ------------------------  ------------------------------------------------ 
 c)   Currency                  GBP 
     ------------------------  ------------------------------------------------ 
 d)   Price(s) and                    Price(s)   Volume(s) 
       volume(s)                  1.   GBPNil     260,292 
                                  2.   GBPNil     119,340 
                                  3.   GBPNil     60,000 
                                  4.   GBPNil     60,000 
                                  5.   GBPNil     60,000 
                                  6.   GBPNil     48,000 
                                      ---------  ---------- 
     ------------------------  ------------------------------------------------ 
 e)   Aggregated information    Not applicable 
       - Aggregated 
       volume 
       - Price 
     ------------------------  ------------------------------------------------ 
 f)   Date of the transaction   20 August 2020 
     ------------------------  ------------------------------------------------ 
 g)   Place of the              Outside a trading venue 
       transaction 
     ------------------------  ------------------------------------------------ 
 

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 
 Richard Blumberger, Chief Financial 
  Officer 
 
 Investec Bank plc (NOMAD & Broker)     Tel: +44 (0) 20 7597 5970 
 Christopher Baird 
 David Flin 
 David Anderson 
 
 Hudson Sandler                         Tel: +44 (0) 20 7796 4133 
 Nick Lyon 
 Bertie Berger 
 Nick Moore 
 

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 comprise a total of 117 franchises covering 23 brands, across 28 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 2020 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 tenth year in succession that the Group has achieved Great Place to Work status.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 20, 2020 09:26 ET (13:26 GMT)

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