Director/PDMR Shareholding

RNS Number : 2295B
Vertu Motors PLC
05 June 2019
 

5 June 2019

Vertu Motors plc ("Vertu Motors" or "Company")

Director and PDMR Share Purchases

Vertu Motors announces that it was notified on 04 June 2019, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by directors and persons discharging managerial responsibility in the Company.  The Dealings took place on 04 June 2019 pursuant to the Company's Share Incentive Plan at a price of 0.41p per Ordinary Share:

 

 

PDMR

Beneficial holding of Ordinary Shares prior to the Dealing*

% of issued share capital prior to the Dealing*

Ordinary Shares acquired by PDMR

Resultant Beneficial holding of Ordinary Shares after the Dealing*

Resultant % of issued share capital after the Dealing*

Robert Forrester

6,959,510

1.85

4,390

6,963,900

1.86

David Crane

161,940

0.04

4,390

166,330

0.04

Karen Anderson

848,312

0.23

4,390

852,702

0.23

Ian Harrison

224,541

0.06

4,390

228,931

0.06

Christopher Taylor

266,511

0.07

4,390

270,901

0.07

Stephen Gould

3,543

0.00

4,390

7,933

0.00

Leonardo Caruso

0

0

4,390

4,390

0.00

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 375,286,798 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in treasury.

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

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

ROBERT FORRESTER

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

CEO

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

 

Price

Volume(s)

£0.41

4390

d)     

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)     

Date of the transaction

04 June 2019

f)      

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

KAREN ANDERSON

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

CFO

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

Price

Volume(s)

£0.41

4390

d)     

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)     

Date of the transaction

04 June 2019

f)        

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

IAN HARRISON

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

OPERATIONS DIRECTOR

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

 

Price

Volume(s)

£0.41

4390

d)     

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)     

Date of the transaction

04 June 2019

f)      

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

DAVID CRANE

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

COO

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

 

Price

Volume(s)

£0.41

4390

d)    

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

04 June 2019

f)     

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

CHRISTOPHER TAYLOR

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

OPERATIONS DIRECTOR

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

 

Price

Volume(s)

£0.41

4390

d)       

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)       

Date of the transaction

04 June 2019

f)        

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

STEPHEN GOULD

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

DIVISIONAL DIRECTOR

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

 

Price

Volume(s)

£0.41

4390

d)       

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)       

Date of the transaction

04 June 2019

f)        

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.      

Details of the person discharging managerial responsibilities/person closely associated

a)     

Name

LEONARDO CARUSO

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

OPERATIONS DIRECTOR

b)     

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)     

Name

VERTU MOTORS PLC

b)     

LEI

213800GIKJEIUIGMI575

4.      

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

a)     

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)      

Price(s) and volume(s)

 

Price

Volume(s)

£0.41

4390

d)       

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)       

Date of the transaction

04 June 2019

f)        

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- Ends -

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

 

Tel: 020 3829 5000

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

Notes to Editors

Vertu Motors is the sixth largest automotive retailer in the UK with a network of 123 sales outlets across the UK.  Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector.  It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group.  The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 120 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust". 

Vertu Motors Group websites - www.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com


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