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: [phone]
Robert Forrester, CEO
Karen Anderson, CFO
Phil Clark, Investor Relations		[e-mail]
Zeus (Nominated Adviser and Broker)		Tel: [phone]
Jamie Peel
Andrew Jones
Dominic King
Camarco		Tel: [phone]
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

 

END