Director Dealings

RNS Number : 1422Y
Vertu Motors PLC
28 August 2009
 



28 August 2009


Vertu Motors plc ('the Company')


Director dealings


On 27 August 2009 the following options were granted in the UK over ordinary shares of 10p each in the capital of the Company ('Ordinary Shares') to Karen Anderson at an exercise price of 41p per Ordinary Share:


Plan

Number of options 

Vertu Motors plc 2007 Discretionary Share Option Plan ('Unapproved Plan')

73,170

Vertu Motors plc 2007 Discretionary Share Option Plan UK Approved Addendum ('Approved Plan').

526,830


The options granted ('the New Options') have been granted in parallel to options granted to her on 1 March 2007 and 27 March 2007 under the approved and unapproved Vertu Motors plc 2007 Enterprise Management Incentive Plan and on 21 May 2008 under the Company Share Option unapproved Plan ('together the Original Options').


The Optionholder will not be able to exercise both the New Options and the Original Options. If the New Options become exercisable, the Optionholder may decide to exercise these instead of her Original Options. It is also a term of the New Options that the Optionholder will only be able to exercise them if at the time of exercise she has not already exercised her Original Options. The Original Options will lapse on the exercise of the New Options.  


The New Options will become exercisable three years from the date of grant subject to performance conditions being satisfied and will lapse if not exercised within ten years of the date of grant.


Karen Anderson has a beneficial interest in 588,111 Ordinary Shares, representing 0.3% of the issued share capital of the Company. 


- Ends -

For further information please contact:

Vertu Motors plc

 

Robert Forrester, CEO

Tel: 0191 206 4617

Karen Anderson, FD

Tel: 0191 298 6514

 

 

Brewin Dolphin Investment Banking

 

Andrew Kitchingman

Tel: 0845 270 8613

Sean Wyndham-Quin

 

 

 

Panmure Gordon (UK) Limited

 

Andrew Burnett

Tel: 020 7459 3600

Stuart Gledhill

 

 

 

Financial Dynamics

 

Caroline Stewart 

Tel: 020 7831 3113

Edward Westropp

 



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

Companies

Vertu Motors (VTU)
UK 100