Motorpoint Group PLC has announced the granting of awards of Restricted Shares over ordinary shares of £0.01 each in the capital of the Company under its Performance Share Plan (PSP) to the Persons Discharging Managerial Responsibilities. The awards are in the form of nil cost options over Ordinary Shares and are subject to the terms of the PSP. They ordinarily vest on the third, fourth, and fifth anniversaries of the grant, subject to the grantee's continued service and a performance condition. Following the vesting, any vested Ordinary Shares are subject to a holding period which expires no earlier than the fifth anniversary of the Grant Date.

The Chief Executive Officer, Mark Carpenter, was granted 193,931 Options over Ordinary Shares, totaling 720,221 options over Ordinary Shares held as a percentage of the current issued share capital. The Chief Financial Officer, Chris Morgan, was granted 145,532 Options over Ordinary Shares, totaling 473,978 options over Ordinary Shares held as a percentage of the current issued share capital.

Motorpoint is the UK's leading independent E-commerce led omnichannel vehicle retailer, focused on providing retail and trade customers with an easy, affordable, and seamless way of buying, selling, and financing their cars. The company operates through its leading B2C platform Motorpoint.co.uk and a UK network of 20 sales and collection branches. Additionally, Motorpoint's purely online wholesale platform Auction4Cars.com sells vehicles into the wholesale B2B market. The company's diversified business model, underpinned by its established brand, industry-leading technology, and sophisticated marketing infrastructure, aims to deliver the best choice, value, service, and quality for customers.

The awards granted under the Performance Share Plan reflect the company's commitment to aligning the interests of its management with the long-term success and sustainability of the business.