RNS Number : 0075U
Auto Trader Group plc
26 June 2024
 

26 June 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 Deferred Annual Bonus Plan ("DABP")

 

The following PDMRs were granted nil cost option awards over ordinary shares of £0.01 each on 26 June 2024 under the Auto Trader Group DABP as noted below:

 

Name

Number of Shares under Awards

Nathan Coe (Director)

 58,212

Catherine Faiers (Director)

 27,978

Jamie Warner (Director)

 29,311

 

Subject to the terms of the DABP, the awards will ordinarily vest and become exercisable as from the second anniversary of the grant of the awards subject to the grantee's continued service.

 

Once exercisable, the awards shall ordinarily remain exercisable until the eve of 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 26 June 2024. The transactions took place in the United Kingdom.

 

Grant of Awards under the Company's Performance Share Plan ("PSP")

PSP awards will be granted in September subject to the proposed Directors' Remuneration Policy being approved at the AGM.

 

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 options over ordinary shares of 1 pence

c)

Price(s) and volume(s)

Price(s)

Volume(s)



GBP0

58,212

DABP

d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total


GBP0

58,212

n/a

e)

Date of the transaction

26 June 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 options over ordinary shares of 1 pence

c)

Price(s) and volume(s)

Price(s)

Volume(s)


GBP0

27,978

DABP

d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

27,978

n/a

e)

Date of the transaction

26 June 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 options over ordinary shares of 1 pence

c)

Price(s) and volume(s)

Price(s)

Volume(s)


GBP0

29,311

DABP

d)

Aggregated information

 

Aggregate Price

Aggregate Volume

Aggregate Total

GBP0

29,311

n/a

e)

Date of the transaction

26 June 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/

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUNUURSWUNUAR