Lookers PLC Grant of share options (7476H)
05 Agosto 2021 - 09:03AM
UK Regulatory
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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