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Vertu Motors PLC (VTU)

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Friday 24 May, 2019

Vertu Motors PLC

PDMR Shareholding

RNS Number : 1698A
Vertu Motors PLC
24 May 2019
 

24 May 2019

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

PDMR Share Purchase

Vertu Motors announces that it was notified on 24 May 2019, of the following dealing ("Dealing") in ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") by Barbara Goss, a person closely associated ("PCA") of Andrew Goss a director of the Company. The Dealing took place on 23 May 2019 at a price of 40.20p per Ordinary Share. 

 

 

 

PDMR

Beneficial interest in Ordinary Shares prior to the Dealing*

Beneficial interest as % of issued share capital prior to the Dealing*

Ordinary Shares acquired by PDMR

Resultant beneficial interest in Ordinary Shares after the Dealing*

Resultant beneficial interest as % of issued share capital after the Dealing*

Andrew Goss

0

0

62,083

62,083

0.02

*includes shares held by the PDMR's PCAs.

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

BARBARA GOSS

2.         

Reason for the notification

ACQUISITION OF SHARES

a)         

Position/status

BARBARA GOSS, A PCA OF ANDREW GOSS, NON-EXECUTIVE 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

Volume(s)

£0.402

62,083

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

23 MAY 2018

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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