Director/PDMR Shareholding

RNS Number : 1537M

Vertu Motors PLC

19 May 2010

 



19 May 2010

Vertu Motors plc ("the Company")

Director dealings

On 18 May 2010 the following options were granted in the UK over ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") to Michael Sherwin at an exercise price of 36.75p per Ordinary Share:

Plan	Number of options
Vertu Motors plc 2007 Discretionary Share Option Plan ("Unapproved Plan")	518,368
Vertu Motors plc 2007 Discretionary Share Option Plan UK Approved Addendum ("Approved Plan").	81,632

The options granted 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.

Michael Sherwin has a beneficial interest in 119,000 Ordinary Shares, representing 0.06% of the issued share capital of the Company.

- Ends -

For further information please contact:

Vertu Motors plc

Robert Forrester, CEO                                                              Tel: [phone]

Michael Sherwin, FD                                                                  Tel: [phone]

Brewin Dolphin Investment Banking

Alexander Dewar                                                                       Tel: [phone]

Panmure Gordon (UK) Limited

Andrew Burnett                                                                          Tel: [phone]

Financial Dynamics

Caroline Stewart                                                                        Tel: [phone]

 

END

 

 

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