t
CT Automotive Group plc announced that on 21 December 2023, it awarded 151,515 options under its Long Term Incentive Plan 2022 to Anna Brown, Chief Financial Officer and Director. These options are over ordinary shares of £0.005 each. The awards will vest on the third anniversary of the grant, subject to meeting earnings per share performance criteria for the three-year period ending FY2025.
| Date | 21 Dec 2023 |
| Time | 13:00:01 |
| Category | Director/PDMR dealings |
| ID | 6546X |
CT Automotive Group plc (the "Company")
Grant of awards under Long Term Incentive Plan
CT Automotive Group plc announces that on 21 December 2023, the Company awarded options under the CT Automotive Long Term Incentive Plan 2022 to its Chief Financial Officer. The award is over ordinary shares of £0.005 ("Ordinary Shares") in the form of options to acquire Ordinary Shares at nominal value ("LTIP Awards") as detailed in the table below.
|
Executive |
Role |
Number of LTIP Awards |
|
Anna Brown |
Chief Financial Officer and Director |
151,515 |
The LTIP Awards will vest on the third anniversary of grant subject to meeting earnings per share performance criteria for the three year period ending FY2025. 25% of the LTIP Awards will vest on meeting minimum performance criteria with vesting thereafter on a straight-line basis.
For further information, please contact:
|
CT Automotive Simon Phillips, Chief Executive Officer
|
via MHP |
|
MHP (Financial PR) Tim Rowntree Charlie Barker
|
Tel: +44 (0)20 3100 8540
|
|
Liberum (Nominated Adviser and Broker) Richard Lindley Benjamin Cryer
|
Tel: +44 (0)20 3100 2000
|
The information set out below is provided in accordance with the requirements of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||||
|
(a) |
Name |
Anna Brown |
||||||
|
2 |
Reason for the notification |
|||||||
|
(a) |
Position/status |
Chief Financial Officer
|
||||||
|
(b) |
Initial notification/Amendment |
Initial notification |
||||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
(a) |
Name |
CT Automotive Group plc |
||||||
|
(b) |
LEI |
213800RP7B4UJ1DDKY67 |
||||||
|
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 |
Options over Ordinary shares of £0.005 pence each ISIN GB00BMHYGR77
|
||||||
|
(b) |
Nature of the transaction |
Award of options pursuant to CT Automotive Group plc 2022 Long Term Incentive Plan |
||||||
|
(c) |
Price(s) and volume(s) |
|
||||||
|
(d) |
Aggregated information - Aggregated volume - Price |
N/A |
||||||
|
(e) |
Date of the transaction |
21 December 2023 |
||||||
|
(f) |
Place of the transaction |
Outside a trading venue |
||||||