Director / PDMR Share Dealing

PDMR / Director Share Dealing

Lookers plc

(“the Company”)

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

12 October 2021

Exercise of Share Options

The Company announces that on 7 October 2021 Duncan McPhee, Chief Operating Officer, exercised nil cost options to acquire ordinary shares of 5 pence each in the Company (“ordinary shares”) pursuant to the terms of the Company’s Long Term-Incentive Plan (“LTIP”). 

The options, which were awarded in 2017 and 2018 and vested on 4 August 2021, were exercised in relation to 21,952 ordinary shares in aggregate. 9,982 of the shares arising from the exercise were sold to meet the tax liability arising from the exercise.  This sale took place on 8 October 2021 at a price of 64.4 pence per ordinary share.

In accordance with Article 19 of the UK Market Abuse Directive, detailed information is set out below.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Duncan McPhee

2.

Reason for the notification

a)

Position / status

Chief Operating Officer

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer or emission allowance market participant

a)

Name

Lookers plc

b)

LEI

213800TSB8PJEACDAV33

4.

Details of the transaction(s):

a)

Description of the financial instrument

Identification code

Ordinary shares of 5 pence

GB00B17MMZ46

b)

Nature of the transaction

Option exercise

c)

Price(s) and volume(s)

Price: Nil

 

Volume:  21,952

d)

Aggregated information

-          Aggregated volume

-          Price

N/A

e)

Date of the transaction

7 October 2021

f)

Place of the transaction

Private transaction

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Duncan McPhee

2.

Reason for the notification

a)

Position / status

Chief Operating Officer

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer or emission allowance market participant

a)

Name

Lookers plc

b)

LEI

213800TSB8PJEACDAV33

4.

Details of the transaction(s):

a)

Description of the financial instrument

Identification code

Ordinary shares of 5 pence

GB00B17MMZ46

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price: 64.4 pence

 

Volume:  9,982

d)

Aggregated information

-          Aggregated volume

-          Price

N/A

e)

Date of the transaction

8 October 2021

f)

Place of the transaction

London Stock Exchange

 

 

 

 

Enquiries:

Debbie Fish

Deputy Company Secretary

0161 291 0043

 

The Company is registered in England at Lookers House, 3 Etchells Road, West Timperley, Altrincham WA14 5XS.  Company registration number 00111876.  LEI number 213800TSB8PJEACDAV33

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