PDMR Shareholding

RNS Number : 1073G
Vertu Motors PLC
19 July 2019
 

19 July 2019

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

PDMR Share Dealings

Vertu Motors announces that it was notified on 17 July 2019, of the following acquisitions and disposals ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by Jatinder Aujla, a person discharging managerial responsibility in the Company.

Jatinder's beneficial holding of Ordinary Shares prior to the Dealings was 73,018 equating to 0.02% of the Company's issued capital.  His beneficial holding of Ordinary Shares after the Dealings is 99,921 equating to 0.03% of the Company's issued capital.

Date of Dealing

Ordinary Shares acquired by PDMR

 

Ordinary Shares disposed of by PDMR

Resultant Beneficial holding of Ordinary Shares after the Dealing*

Price per Ordinary Share (pence)

10 October 2018

12,680


85,698

39.43

11 October 2018

6,402


92,100

39.04

11 October 2018

12,826


104,926

38.98

16 October 2018

12,892


117,818

38.82

17 October 2018

6,536


124,354

38.25

18 October 2018

6,718


131,072

37.21

23 October 2018

5,601


136,673

35.70

18 February 2019


7,873

128,800

39.19

20 February 2019


3,836

124,964

39.19

1 July 2019


25,043

99,921

39.19

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 372,982,021 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

JATINDER AUJLA

2.      

Reason for the notification

ACQUISITION OF SHARES

a)     

Position/status

OEPRATIONS 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

c)      

Price(s) and volume(s)

Price (pence)

Volume(s)

Purchase/Sale

39.43

12,680

Purchase

39.04

6,402

Purchase

38.98

12,826

Purchase

38.82

12,892

Purchase

38.25

6,536

Purchase

37.21

6,718

Purchase

35.70

5,601

Purchase

39.19

7,873

Sale

39.19

3,836

Sale

39.19

25,043

Sale

 

 

d)     

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTIONS

e)     

Date of the transactions

10 October 2018 - 1 July 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 fifth 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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