Company Announcements

Director/PDMR Shareholding

Source: RNS
RNS Number : 9303E
Auto Trader Group plc
20 September 2024
 

20 Sept 2024

 

Auto Trader Group plc ("Auto Trader", the "Company", or "the Group")

 

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs")

 

Grant of Awards under the Company's 2024 Long Term Incentive Plan ("LTIP")

The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each under the LTIP as noted below:

 

Name

Number of Shares under Awards

Nathan Coe (Director)

 235,118

Catherine Faiers (Director)

 105,198

Jamie Warner (Director)

 116,887

 

Subject to the terms of the LTIP, the awards will ordinarily vest and become exercisable from the later of; the date on which the Committee determines the extent to which the applicable performance conditions have been satisfied and 26 June 2027.

 

The awards will be subject to the grantee's continued service and the extent to which performance conditions are met over a measurement period comprising three consecutive financial years ending with the 2026/27 financial year. The performance conditions are as outlined in the DRR in the 2024 Annual Report.

 

In line with best practice and shareholder expectations, the Remuneration Committee shall retain discretion to adjust the vesting outcome if it is not considered to be reflective of underlying financial or non-financial performance of the business or the performance of the individual over the performance period, or where the outcome is not considered appropriate in the context of the experience of shareholders or other stakeholders.

 

Once exercisable, awards shall ordinarily remain exercisable until the tenth anniversary of the grant date of the awards. No consideration was paid for the grant of the awards and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.

 

The Company was notified of the above transactions on 20 September 2024. The transactions took place in the United Kingdom.

 

The notification of dealing forms can be found below.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nathan Coe

2)

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer

a)

Name

Auto Trader Group plc

b)

LEI

213800QLK9BZILB1DI86

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 the financial instrument, type of instrument.

Identification code

Ordinary shares of 1 pence each

ISIN: GB00BVYVFW23

b)

Nature of the transaction

Grant of nil cost option over ordinary shares of 1 pence

c)

Price(s) and volume(s)

Price(s)

Volume(s)


GBP0

235,118


d)

Aggregated information

 

N/A single transaction

e)

Date of the transaction

20 September 2024

f)

Place of the transaction

Outside of a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Catherine Faiers

2)

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer

a)

Name

Auto Trader Group plc

b)

LEI

213800QLK9BZILB1DI86

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 the financial instrument, type of instrument.

Identification code

Ordinary shares of 1 pence each

ISIN: GB00BVYVFW23

b)

Nature of the transaction

Grant of nil cost option over ordinary shares of 1 pence

c)

Price(s) and volume(s)

Price(s)

Volume(s)


GBP0

105,198


d)

Aggregated information

 

N/A single transaction

e)

Date of the transaction

20 September 2024

f)

Place of the transaction

Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jamie Warner

2)

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer

a)

Name

Auto Trader Group plc

b)

LEI

213800QLK9BZILB1DI86

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 the financial instrument, type of instrument.

Identification code

Ordinary shares of 1 pence each

ISIN: GB00BVYVFW23

b)

Nature of the transaction

Grant of nil cost option over ordinary shares of 1 pence

c)

Price(s) and volume(s)

Price(s)

Volume(s)


GBP0

116,887


d)

Aggregated information

 

N/A single transaction

e)

Date of the transaction

20 September 2024

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

Enquiries:

Auto Trader
Claire Baty, Company Secretary

0345 111 0006 

 

 

About Auto Trader

Auto Trader Group plc is the UK's largest automotive platform. It listed on the London Stock Exchange in March 2015 and is a member of the FTSE 100 Index.

 

Auto Trader's purpose is Driving Change Together. Responsibly. Auto Trader is committed to creating a diverse and inclusive culture, it aims to build stronger partnerships with its customers and use its voice and influence to drive more environmentally friendly vehicle choices.

 

With the largest number of car buyers and the largest choice of trusted stock, Auto Trader's marketplace sits at the heart of the UK car buying process. That marketplace is built on an industry-leading technology and data platform, which is increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience, whilst enabling all its retailer partners to sell vehicles online.

 

Auto Trader publishes a monthly used car Retail Price Index which is based on pricing analysis of circa 800,000 unique vehicles. The same data that powers the Index is used by the Office for National Statistics to make the UK's official measures of inflation more robust, as well as the Bank of England to feed the broader UK economic indicators.

 

 For more information, please visit: https://plc.autotrader.co.uk/

 

 

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