Auto Trader Group plc has announced the exercise of nil-cost options by Persons Discharging Managerial Responsibilities (PDMRs) under the Performance Share Plan (PSP) and the Deferred Annual Bonus Plan (DABP). The subsequent sale of shares was to cover tax and other deductions, with all shares disposed of at a sale price of £8.2398. The transactions took place on 21 August 2024, and the Company was notified of the transactions on the same day.
Nathan Coe, Catherine Faiers, and James Warner, all Directors at Auto Trader, exercised their options and sold a total of 256,637 shares, retaining 135,715, 58,370, and 61,151 shares, respectively. Following the transactions, the interests held in shares of each PDMR (including connected persons) were disclosed. Nathan Coe holds 3,322,270 shares, Catherine Faiers holds 134,476 shares, and James Warner holds 102,162 shares.
The announcement was made in accordance with the requirements of the UK Market Abuse Regulation. The notification of dealing forms for each PDMR can be found on the company's website. Auto Trader Group plc is the UK's largest automotive platform and is listed on the London Stock Exchange.
For further information, enquiries can be directed to Claire Baty, Company Secretary, at 0345 111 0006.