Auto Trader Group plc has announced the launch of the 2024 Save As You Earn Scheme (SAYE) for eligible employees. The company has granted 960 SAYE Options to Jamie Warner, the Chief Finance Officer. These options are over the company's ordinary shares and have been issued at an exercise price of 637.28 pence per Ordinary Share. The options will be exercisable from 1 September 2027, at the end of the three-year SAYE Scheme savings contract period.
The SAYE scheme is approved by HM Revenue and Customs and is in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014. The notification of dealing forms can be found on the company's website. This notification includes details of the person discharging managerial responsibilities, the issuer, and the details of the transaction.
This announcement reflects the company's commitment to providing eligible employees with the opportunity to participate in the SAYE Scheme, aligning their interests with the long-term success of the company.