Notification of Director's interests

Vertu Motors PLC
11 December 2023
 

11 December 2023

Vertu Motors plc

(the "Company")

Notification of Director's interests

 

The Company announces that David Crane, a director and a person discharging managerial responsibility in the Company, has purchased ordinary shares of 10p each in the capital of the Company ("Ordinary Shares"). 

The purchase took place on 11 December 2023 at a price of 68.17 pence per Ordinary Share.

 

 

 

 

PDMR

Beneficial holding of Ordinary Shares prior to the Dealings*

% of issued share capital prior to the Dealings*

Ordinary Shares acquired by PDMR

Resultant Beneficial holding of Ordinary Shares after the Dealings*

Resultant % of issued share capital after the Dealings*

David Crane

468,422

0.14%

13,040

481,462

0.14%

* includes shares held by persons closely associated with the PDMR.

The Company's issued share capital consists of 339,633,257 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in treasury.

 

1.    

Details of the person discharging managerial responsibilities/person closely associated

a)    

Name

DAVID CRANE

2.      

Reason for the notification

PURCHASE OF SHARES

b)    

Position/status

COO

c)      

Initial notification/Amendment

INITIAL NOTIFICATION

3.      

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

d)     

Name

VERTU MOTORS PLC

e)      

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

f)      

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

g)     

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC.

h)      

Price(s) and volume(s)

 

Price

Volume(s)

0.6817

13,040

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

11 DECEMBER 2023

k)      

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- Ends -

 

Vertu Motors plc

 

Tel: +44 (0) 191 491 2121

Robert Forrester, CEO


Karen Anderson, CFO


Phil Clark, Investor Relations

 


P.Clark@vertumotors.com


 

Zeus (Nominated Adviser and Broker)

Tel: +44 (0) 203 829 5000

Jamie Peel


Andrew Jones


Dominic King








Camarco

 

Tel: +44 (0) 203 757 4983

Billy Clegg




Tom Huddart








Notes to Editors

 



Vertu Motors is the fourth largest automotive retailer in the UK with a network of 195 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu 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 191 franchised sales outlets and 4 non-franchised sales operations from 145 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - https://investors.vertumotors.com / www.vertucareers.com
Vertu brand websites -
www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.com

 

 

 

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END
 
 

Companies

Vertu Motors (VTU)
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