⌘K
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Pendragon PLC announced that Chief Financial Officer Mark Willis, Chief Executive Officer William Berman, and Chief Financial Officer Oliver Mann had conditional share awards vest, issuing a total of 28,918,959 ordinary shares across October 30, 2023, and January 31, 2024. On October 30, 2023, the executives sold a combined 6,588,173 shares at £0.3190 to the Pendragon Employee Benefit Trust to cover taxes. Subsequently, on January 31, 2024, they sold a total of 22,331,786 shares to Lithia UK Holding Limited at £0.3635 per share.
| Date | 6 Feb 2024 |
| Time | 09:00:00 |
| Category | Director/PDMR dealings |
| ID | 0952C |
Pendragon PLC ("the Company")
The notifications are made in accordance with the requirements of the EU Market Abuse Regulation (Regulation (EU) No. 596/2014).
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
Mark Willis |
|||||
|
2 |
Reason for 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 |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Vesting of conditional share awards under the Pendragon plc Long Term Incentive Plan and issue of shares
|
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
30 October 2023 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
Mark Willis |
|||||
|
2 |
Reason for 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 |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Sale of shares to Pendragon Employee Benefit Trust to cover taxes arising on vesting of awards |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
30 October 2023 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
Mark Willis |
|||||
|
2 |
Reason for notification |
||||||
|
a) |
Position/Status |
Chief Finance Officer |
|||||
|
b) |
Initial notification/amendment |
Initial notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Vesting of conditional share awards under the Pendragon plc Long Term Incentive Plan and issue of shares
|
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
31 January 2024 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
Mark Willis |
|||||
|
2 |
Reason for notification |
||||||
|
a) |
Position/Status |
Chief Finance Officer |
|||||
|
b) |
Initial notification/amendment |
Initial notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Sale of shares to Lithia UK Holding Limited |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
31 January 2024 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
William Berman |
|||||
|
2 |
Reason for notification |
||||||
|
a) |
Position/Status |
Chief Executive Officer |
|||||
|
b) |
Initial notification/amendment |
Initial notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Vesting of conditional share awards under the Pendragon plc Long Term Incentive Plan and issue of shares
|
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
30 October 2023 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
William Berman |
|||||
|
2 |
Reason for notification |
||||||
|
a) |
Position/Status |
Chief Executive Officer |
|||||
|
b) |
Initial notification/amendment |
Initial notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Sale of shares to Pendragon Employee Benefit Trust to cover taxes arising on vesting of awards
|
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
30 October 2023 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
William Berman |
|||||
|
2 |
Reason for notification |
||||||
|
a) |
Position/Status |
Chief Executive Officer |
|||||
|
b) |
Initial notification/amendment |
Initial notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Vesting of conditional share awards under the Pendragon plc Long Term Incentive Plan and issue of shares
|
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
31 January 2024 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
William Berman |
|||||
|
2 |
Reason for notification |
||||||
|
a) |
Position/Status |
Chief Executive Officer |
|||||
|
b) |
Initial notification/amendment |
Initial notification |
|||||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||
|
a) |
Name |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Sale of shares to Lithia UK Holding Limited |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
31 January 2024 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||||
|
a) |
Name |
Oliver Mann |
|||||||
|
2 |
Reason for 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 |
Pendragon PLC |
|||||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||||
|
b) |
Nature of transaction |
Vesting of conditional share awards under the Pendragon plc Long Term Incentive Plan and issue of shares
|
|||||||
|
c) |
Price(s) and volume(s) |
|
|||||||
|
d) |
Aggregated Information |
|
|||||||
|
e) |
Date of transaction |
30 October 2023 |
|||||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
Oliver Mann |
|||||
|
2 |
Reason for 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 |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Sale of shares to Pendragon Employee Benefit Trust to cover taxes arising on vesting |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
30 October 2023 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||||
|
a) |
Name |
Oliver Mann |
|||||||
|
2 |
Reason for 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 |
Pendragon PLC |
|||||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||||
|
b) |
Nature of transaction |
Vesting of conditional share awards under the Pendragon plc Long Term Incentive Plan and issue of shares
|
|||||||
|
c) |
Price(s) and volume(s) |
|
|||||||
|
d) |
Aggregated Information |
|
|||||||
|
e) |
Date of transaction |
31 January 2024 |
|||||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||||
|
1 |
Details of the person discharging managerial responsibilities/persons closely associated |
||||||
|
a) |
Name |
Oliver Mann |
|||||
|
2 |
Reason for 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 |
Pendragon PLC |
|||||
|
b) |
LEI |
213800VRSPZFOGMMIS18 |
|||||
|
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 and identification code |
Ordinary Shares of £0.05 each ISIN: GB00B1JQBT10 |
|||||
|
b) |
Nature of transaction |
Sale of shares to Lithia UK Holding Limited |
|||||
|
c) |
Price(s) and volume(s) |
|
|||||
|
d) |
Aggregated Information |
|
|||||
|
e) |
Date of transaction |
31 January 2024 |
|||||
|
f) |
Place of transaction |
London Stock Exchange (XLON) |
|||||
OLIVER MANN
COMPANY SECRETARY
06 February 2024
Enquiries: Headland Henry Wallers Tel: 0203 805 4822
-ENDS-