Auto Trader Group PLC has granted nil cost option awards over ordinary shares of £0.01 each to three Persons Discharging Managerial Responsibilities (PDMRs) under the Company's Deferred Annual Bonus Plan (DABP). The PDMRs, including Nathan Coe, Catherine Faiers, and Jamie Warner, were granted these awards on 26 June 2024. The awards will vest and become exercisable as from the second anniversary of the grant, subject to the grantee's continued service, and will remain exercisable until the eve of the tenth anniversary of the grant date. No consideration was paid for the grant of the awards, and no consideration is due on the vesting and/or exercise of the awards. Dividend equivalents apply to the awards to the extent they vest.
In addition to the DABP awards, Auto Trader Group PLC will grant Performance Share Plan (PSP) awards in September, subject to the proposed Directors' Remuneration Policy being approved at the AGM.
Auto Trader Group PLC is the UK's largest automotive platform, listed on the London Stock Exchange and a member of the FTSE 100 Index. The company's purpose is "Driving Change Together. Responsibly." It is committed to creating a diverse and inclusive culture, building stronger partnerships with its customers, and using its voice and influence to drive more environmentally friendly vehicle choices. Auto Trader's marketplace, with the largest number of car buyers and the largest choice of trusted stock, is at the heart of the UK car buying process. The company's marketplace is built on an industry-leading technology and data platform, increasingly used across the automotive industry. Auto Trader is continuing to bring more of the car buying journey online, creating an improved buying experience while enabling all its retailer partners to sell vehicles online.
For further information, enquiries can be directed to Auto Trader's Company Secretary, Claire Baty, at 0345 111 0006.