RNS Number : 5941B
Auto Trader Group plc
20 June 2016
20 June 2016
Auto Trader Group plc (the "Company", "the Group")
Notification of Transaction of PDMRs
Grant of Awards under the Company's Deferred Annual Bonus Plan
On 17 June 2016 the following PDMRs were granted nil cost option awards over ordinary shares of
£0.01 each under the Auto Trader Group plc Deferred Annual Bonus Plan (the "DABP") as noted below:
|
Name
|
Number of Shares under Awards
|
|
Trevor Mather (Director)
|
101,221
|
|
Sean Glithero (Director)
|
48,457
|
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, an award 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.
The Company was notified of the above transactions on 17 June 2016. The transactions took place in
the United Kingdom.
Grant of Awards under the Company's Performance Share Plan
On 17 June 2016 the following PDMRs were granted nil cost option awards over ordinary shares of
£0.01 each under the Auto Trader Group plc Performance Share Plan (the "PSP") as noted below:
|
Name
|
Number of Shares under Awards
|
|
Trevor Mather (Director)
|
275,321
|
|
Sean Glithero (Director)
|
114,061
|
Subject to the terms of the PSP, the awards will ordinarily vest and become exercisable as from
the third anniversary of the grant of the awards subject to the grantee's continued service and to the extent to which Group
Cumulative Underlying operating profit and relative Company total shareholder return performance criteria are met over a
measurement period comprising three financial years ending on 31 March 2019.
Once exercisable, an award 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.
The Company was notified of the above transactions on 17 June 2016. The transactions took place in
the United Kingdom.
This notification is made in accordance with DTR 3.1.4(1)(a).
Enquiries:
|
Powerscourt
Rob Greening / Lisa Kavanagh
autotrader@powerscourt-group.com
|
+44 (0)20 7250 1446
|
|
Auto Trader Group plc
Sean Glithero, Finance Director
|
+44 (0)161 669 9888
|
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUBSORNKANAAR