PDMR Share Purchase

RNS Number : 3235G
Vertu Motors PLC
04 August 2016
 

4 August 2016

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

PDMR Share Purchase

Vertu Motors announces that it was notified on 4 August 2016, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by persons discharging managerial responsibility in the Company.  The Dealings took place on 4 August 2016 pursuant to the Company's Share Incentive Plan at a price of 46.975p 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

6,778,888

1.71

3,831

6,782,719

1.71

Michael Sherwin

424,466

0.11

3,832

428,298

0.11

Karen Anderson

753,095

0.19

3,831

756,926

0.19

Ian Harrison

159,323

0.04

3,832

163,155

0.04

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 397,269,839 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

 

 

IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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)

£0.46975

3831

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

4 AUGUST 2016

f)         

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

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

 

5.        

Details of the person discharging managerial responsibilities/person closely associated

b)        

Name

MICHAEL SHERWIN

6.        

Reason for the notification

ACQUISITION OF SHARES

c)        

Position/status

CFO

d)        

Initial notification/Amendment

INITIAL NOTIFICATION

7.        

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

c)         

Name

VERTU MOTORS PLC

d)        

LEI

213800GIKJEIUIGMI575

8.        

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

g)         

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645

h)        

Nature of the transaction

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

i)          

Price(s) and volume(s)

 

Price

Volume(s)

£0.46975

3832

j)          

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

k)         

Date of the transaction

4 AUGUST 2016

l)          

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

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

 

9.        

Details of the person discharging managerial responsibilities/person closely associated

c)        

Name

KAREN ANDERSON

10.      

Reason for the notification

ACQUISITION OF SHARES

e)        

Position/status

COMPANY SECRETARY

f)         

Initial notification/Amendment

INITIAL NOTIFICATION

11.      

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

e)        

Name

VERTU MOTORS PLC

f)         

LEI

213800GIKJEIUIGMI575

12.      

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

m)       

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645

n)        

Nature of the transaction

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

o)        

Price(s) and volume(s)

 

Price

Volume(s)

£0.46975

3831

p)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

q)        

Date of the transaction

4 AUGUST 2016

r)         

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

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

 

13.      

Details of the person discharging managerial responsibilities/person closely associated

d)        

Name

IAN HARRISON

14.      

Reason for the notification

ACQUISITION OF SHARES

g)        

Position/status

OPERATIONS DIRECTOR

h)        

Initial notification/Amendment

INITIAL NOTIFICATION

15.      

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

g)         

Name

VERTU MOTORS PLC

h)        

LEI

213800GIKJEIUIGMI575

16.      

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

s)         

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645

t)         

Nature of the transaction

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

u)        

Price(s) and volume(s)

 

Price

Volume(s)

£0.46975

3832

v)         

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

w)       

Date of the transaction

4 AUGUST 2016

x)         

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

 

- Ends -

For further information please contact:

 

Vertu Motors plc


Robert Forrester, CEO

Tel: 0191 491 2111

Michael Sherwin, FD

Tel: 0191 491 2114

Liberum

 

Peter Tracey

Tel: 020 3100 2000

Richard Crawley

Jamie Richards

Zeus Capital Limited

Adam Pollock

Tel: 020 7533 7727

Camarco

Billy Clegg

Tel: 020 3757 4983

Georgia Mann


Tom Huddart


 

Notes to Editors

Vertu, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 132 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell, South Hereford Garages and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 129 franchised sales outlets and 3 non-franchised sales operations from 109 locations across the UK.

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

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


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHQZLFBQVFLBBF

Companies

Vertu Motors (VTU)
UK 100

Latest directors dealings