Exercise of Awards - Replacement

The following replaces the announcement "Exercise of IPO Awards, Director Shareholdings and Total Voting Rights" released on 3 April 2019 at 7:00am under RNS No: 9080U.

The announcement made reference to a further 84,479 new Ordinary Shares being issued pursuant to exercise of IPO Awards in respect of persons other than Directors or PDMRs. This should have stated that a further 84,480 new Ordinary Shares were issued. All other information remains unchanged. The amended announcement is set out in full below:

 MARSHALL MOTOR HOLDINGS PLC

("MMH" or the "Company")

Exercise of IPO Awards, Director Shareholdings and Total Voting Rights

Marshall Motor Holdings plc, one of the UK's leading automotive retail groups, announces that on 2 April 2019 certain directors and/or persons discharging managerial responsibilities ('PDMRs') of the Company exercised certain share options granted at the Company's IPO on 2 April 2015 ("IPO Awards") and previously disclosed in the IPO Admission Document.  The IPO Awards vested on 2 April 2019 following satisfaction in full of all relevant financial performance conditions for the three year period ended 31 December 2017 and the condition as to continued employment with the Company which attached to such IPO Awards.

As a result, the following directors and/or PDMRs were issued new ordinary shares of 64p each in the Company ("Ordinary Shares") as follows:

*associated tax and national insurance contribution liabilities arising in respect of the exercise of the IPO Awards have already been cash settled.

A further 84,480 new Ordinary Shares were issued pursuant to exercise of IPO Awards in respect of persons other than Directors or PDMRs.  These included 71,141 new Ordinary Shares issued to Mark Raban, the former Chief Financial Officer of the Company, following exercise by the Company of its discretion to permit such awards to vest, further details of which are set out in the Company's 2018 Annual Report and Accounts. 

An application for admission to trading of the 306,795 new Ordinary Shares issued and allotted pursuant to the IPO Awards as set out above has today been submitted to London Stock Exchange plc and admission is expected to become effective on 8 April 2019.

Following admission of the new Ordinary Shares, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 78,172,448 Ordinary Shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 78,172,448. The above figure of 78,172,448 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Details of the notifications received by the Company are set out below:

ENDS

For further information and enquiries please contact:

Notes to Editors

About Marshall Motor Holdings plc (www.mmhplc.com)

The Group's principal activities are the sale and repair of new and used vehicles. The Group's businesses have a total of 106 franchises covering 23 brands, operating from 84 locations across 27 counties in England. In addition, the Group operates five trade parts specialists, three used car centres, five standalone body shops and one pre delivery inspection centre.

In 2018 the Group was recognised by the Great Place to Work Institute, being ranked the 21st best place to work in the UK (large company category). This was the ninth year in succession that the Group has achieved Great Place to Work status.