TIDMLOOK

RNS Number : 7476H

Lookers PLC

05 August 2021

5 August 2021

Lookers plc

Grant of share options under the Lookers plc Long-Term Incentive Plan

The Board of Directors of Lookers plc ("Lookers" or the "Company") announces that, following approval by the Company's Remuneration Committee, the Company has today granted options to a number of senior employees (the "Options").

The Options have been granted pursuant to the rules of the Lookers Long-Term Incentive Plan.

The Options have been granted over a total of 2,048,190 ordinary shares of GBP0.05 each in the capital of the Company, including to the following Persons Discharging Material Responsibilities ("PDMR"):

 
 PDMR             Basis of award    Number of awards 
 Mark Raban       150% of salary       1,016,566 
                 ----------------  ----------------- 
 Duncan McPhee    100% of salary        421,686 
                 ----------------  ----------------- 
 

In normal circumstances, the Options are exercisable three years from the date of grant, subject to meeting stretching Absolute Total Shareholder Return and Underlying Earnings Per Share performance targets over a three year period to 31 December 2023.

The Options are subject to malus and clawback in line with the Company's Directors' Remuneration Policy. A two year holding period is applicable to all vested awards.

In accordance with Article 19 of the UK Market Abuse Regulation, detailed information about the grant of the Options to PDMRs is attached to this announcement.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1.   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            Initial Notification 
       / amendment 
     ------------------------------  ----------------------------------------- 
 3.   Details of the issuer or emission allowance market participant 
     ------------------------------------------------------------------------- 
 a)   Name                            Lookers plc 
     ------------------------------  ----------------------------------------- 
 b)   LEI                             213800TSB8PJEACDAV33 
     ------------------------------  ----------------------------------------- 
 4.   Details of the transaction(s): 
     ------------------------------------------------------------------------- 
 a)   Description                     Nil cost options over ordinary shares of 
       of the financial                5 pence 
       instrument                      GB00B17MMZ46 
       Identification 
       code 
     ------------------------------  ----------------------------------------- 
 b)   Nature of the                   Grant of options 
       transaction 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                    Volume: 1,016,566 
       volume(s)                       Price: nil cost options 
     ------------------------------  ----------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume 
                                        N/A - single transaction 
 
             *    Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     4 August 2021 
       transaction 
     ------------------------------  ----------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------- 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1.   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            Initial Notification 
       / amendment 
     ------------------------------  ----------------------------------------- 
 3.   Details of the issuer or emission allowance market participant 
     ------------------------------------------------------------------------- 
 a)   Name                            Lookers plc 
     ------------------------------  ----------------------------------------- 
 b)   LEI                             213800TSB8PJEACDAV33 
     ------------------------------  ----------------------------------------- 
 4.   Details of the transaction(s): 
     ------------------------------------------------------------------------- 
 a)   Description                     Nil cost options over ordinary shares of 
       of the financial                5 pence 
       instrument                      GB00B17MMZ46 
       Identification 
       code 
     ------------------------------  ----------------------------------------- 
 b)   Nature of the                   Grant of options 
       transaction 
     ------------------------------  ----------------------------------------- 
 c)   Price(s) and                    Volume: 421,686 
       volume(s)                       Price: nil cost options 
     ------------------------------  ----------------------------------------- 
 d)        Aggregated information 
             *    Aggregated volume 
                                        N/A - single transaction 
 
             *    Price 
     ------------------------------  ----------------------------------------- 
 e)   Date of the                     4 August 2021 
       transaction 
     ------------------------------  ----------------------------------------- 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ----------------------------------------- 
 

Enquiries:

Debbie Fish

Deputy Company Secretary

07989 224729

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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END

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August 05, 2021 10:03 ET (14:03 GMT)

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