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/