Replacement Announcement - EBT Share Purchase
Summary by AI BETAClose X
Correction to announcement number 6132X made at 07:01 on 23 March 2026 (EBT Share Purchase). An incorrect version of the announcement was released on 23 March; the correct version is set out below.
LEI: 213800GIKJEIUIGMI575
24 April 2026 (Original RNS Date: 23 March 2026)
Vertu Motors plc ("Vertu Motors" or "Company")
Replacement Announcement - EBT Share Purchase
Vertu Motors announces that it was notified on 20 March 2026 of the following acquisition ("Dealing") of the Company's ordinary shares of 10p each ("Ordinary Shares") by Ocorian Limited ("Trustee"), the trustee of the Company's employee benefit trust. The Dealing took place on 20 March 2026 at a price of 59.692 pence per Ordinary Share.
The acquired shares were purchased by the Trustee to be held for the purposes of the employee benefit trust and may be used to transfer shares to individuals when options are exercised. This will include the Company's Long Term Incentive Plan, under which each of the executive directors of the Company and other PDMRs are potential participants. They are therefore regarded as having a notional interest in the acquired shares.
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Beneficial holding of Ordinary Shares prior to the Dealing |
% of issued share capital prior to the Dealing |
Ordinary Shares acquired |
Resultant Beneficial holding of Ordinary Shares after the Dealing |
Resultant % of issued share capital after the Dealing |
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Trustee |
3,635,758 |
1.16% |
256,000 |
3,891,758 |
1.25% |
The Company's issued share capital consists of 312,310,046 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
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
OCORIAN LIMITED |
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2. |
Reason for the notification |
ACQUISITION OF SHARES |
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a) |
Position/status |
EBT TRUSTEE |
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b) |
Initial notification/Amendment |
INITIAL NOTIFICATION |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
VERTU MOTORS PLC |
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b) |
LEI |
213800GIKJEIUIGMI575 |
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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 |
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a) |
Description of the financial instrument, type of instrument identification code
Identification code |
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645 |
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b) |
Nature of the transaction |
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC |
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c) |
Price(s) and volume(s)
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d) |
Aggregated information
-Aggregated volume
- Price |
n/a
n/a
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e) |
Date of the transaction |
20 MARCH 2026 |
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f) |
Place of transaction |
LONDON STOCK EXCHANGE, AIM |
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- ENDS -
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Vertu Motors plc |
Tel: +44 (0) 191 491 2121 |
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Robert Forrester, CEO |
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Karen Anderson, CFO |
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Phil Clark, Investor Relations |
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Stifel (Nominated Adviser and Joint Broker) |
Tel: +44 (0) 207 710 7688 |
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Matthew Blawat |
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Callum Stewart |
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Shore Capital (Joint Broker) |
Tel: +44 (0) 20 7408 4090 |
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Mark Percy / Sophie Collins (Corporate Advisory) |
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Isobel Jones (Corporate Broking) |
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Camarco |
Tel: +44 (0) 203 757 4980 |
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Billy Clegg |
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Tom Huddart |
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Notes to Editors |
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Vertu Motors is the fourth largest automotive retailer in the UK with a network of 191 sales outlets across the UK. |
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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. |
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Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust". |
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Vertu Motors Group websites - https://investors.vertumotors.com / www.vertucareers.com |
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