PDMR Share Purchase

RNS Number : 1271X
Vertu Motors PLC
08 August 2018
 

8 August 2018

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

PDMR Share Purchase

Vertu Motors announces that it was notified on 7 August 2018, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by directors and persons discharging managerial responsibility in the Company.  The Dealings took place on 6 August 2018 pursuant to the Company's Share Incentive Plan at a price of 50.8p per Ordinary Share:

 

 

 

PDMR

Beneficial holding of Ordinary Shares prior to the Dealing*

% of issued share capital prior to the Dealing*

Ordinary Shares acquired by PDMR

Resultant Beneficial holding of Ordinary Shares after the Dealing*

Resultant % of issued share capital after the Dealing*

Robert Forrester

6,929,868

1.83

3,543

6,933,411

1.83

Michael Sherwin

489,253

0.13

3,543

492,796

0.13

David Crane

158,397

0.04

3,543

161,940

0.04

Karen Anderson

761,186

0.20

3,543

764,729

0.20

Ian Harrison

220,998

0.06

3,543

224,541

0.06

Jatinder Aujla

69,475

0.02

3,543

73,018

0.02

Michael Rich

39,954

0.01

3,543

43,497

0.01

Christopher Taylor

262,968

0.07

3,543

266,511

0.07

Stephen Gould

0

0.00

3,543

3,543

0.00

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 379,292,049 Ordinary Shares with voting rights.  The Company does not hold any Ordinary Shares in treasury.

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

ROBERT FORRESTER

2.        

Reason for the notification

ACQUISITION OF SHARES

a)        

Position/status

CEO

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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)         

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

MICHAEL SHERWIN

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

CFO

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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)         

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

KAREN ANDERSON

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

COMPANY SECRETARY

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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

IAN HARRISON

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

OPERATIONS 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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

DAVID CRANE

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

COO

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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

JATINDER AUJLA

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

OPERATIONS 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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

MICHAEL RICH

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

OPERATIONS 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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

CHRISTOPHER TAYLOR

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

OPERATIONS 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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

STEPHEN GOULD

2.        

Reason for the notification

ACQUISITION OF SHARES

a)   

Position/status

DIVISIONAL 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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN

c)         

Price(s) and volume(s)

 

Price

Volume(s)

£0.508

3543

d)        

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)   

Date of the transaction

6 AUGUST 2018

f)    

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- Ends -

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

Canaccord Genuity Limited

Chris Connors
Henry Fitzgerald-O'Connor

Richard Andrews

Tel: 020 7523 8000

Zeus Capital Limited
Dominic King

Tel: 020 3829 5000

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

Notes to Editors

Vertu Motors, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 125 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 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.

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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