Restricted Share Award
Motorpoint Group plc announced that on July 24, 2026, awards of Restricted Shares were granted under its Long Term Incentive Plan to Persons Discharging Managerial Responsibilities. The Chief Executive Officer, Mark Carpenter, received 264,344 nil cost options, bringing his total to 1,153,287 options, representing 1.38% of the issued share capital. The Chief Financial Officer, Chris Morgan, was granted 194,723 nil cost options, bringing his total to 798,397 options, or 0.95% of the issued share capital. These options typically vest on the third anniversary of the grant, subject to continued service and robust business performance, with a holding period of at least five years post-vesting.
Select text to share a quote on X · sign in to keep highlights & notes in your MOTR notes
Motorpoint, the UK's leading independent omnichannel vehicle retailer, announces that on 24 July 2026 (the "Grant Date") awards of Restricted Shares over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") were made under the Company's Long Term Incentive Plan ("LTIP") to the Persons Discharging Managerial Responsibilities as set out below (the "Awards").
The Awards set out below are in the form of nil cost options over Ordinary Shares ("Options") and were granted under and are subject to the terms of the LTIP. The Options ordinarily vest on the third anniversary of the grant. The Options are ordinarily subject to the grantee's continued service and a performance condition requiring the Remuneration Committee of the Company to be satisfied that the business performance is robust and sustainable, and that the executive directors and senior management have strengthened the business. Following the vesting of the Options held, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date, during which time they may not be sold. The Options shall ordinarily remain exercisable until the eve of the tenth anniversary of the Grant Date.
| Name | Number of Options granted | Total number of options over Ordinary Shares as at Grant Date | Total number of options over Ordinary Shares held as a percentage of current issued share capital as at Grant Date |
| Mark Carpenter (CEO) | 264,344 | 1,153,287 | 1.38% |
| Chris Morgan (CFO) | 194,723 | 798,397 | 0.95% |
| FTI Consulting (Financial PR) Richard Gotla Harriet Jackson Harleena Chana | 020 3727 1000 | ||
| a) | Name | 1. M ark Carpenter 2. Chris Morgan | |
| 2 | Reason for the notification | ||
| a) | Position/status | 1. C hief Executive Officer 2. C hief Financial Officer | |
| b) | Initial notification /Amendment | Initial Notification | |
| a) | Name | Motorpoint Group Plc | |
| b) | LEI | 213800WG8RSE45I3MF22 | |
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.01 each in Motorpoint Group plc ("Ordinary Shares") | |
| Identification code | GB00BD0SFR60 | ||
| b) | Nature of the transaction | Grant of Restricted Shares under the Motorpoint Group Plc Long Term Incentive Plan | |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 264,344 2. Nil 194,723 | |
| d) | Aggregated information | ||
| - Aggregated volume | Not applicable | ||
| - Price | |||
| e) | Date of the transaction | 2 4 July 2026 | |
| f) | Place of the transaction | Outside of a trading venue | |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.