Issue of equity, TVR & change of director

RNS Number : 0556U

Vertu Motors PLC

24 July 2015

 

24 July 2015

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

Issue of equity, total voting rights and change of director

Vertu Motors has applied to the London Stock Exchange for 34,400 new ordinary shares of 10 pence each (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission") following the exercise of share options by certain employees under the Group's 2007 discretionary share option plan.

It is expected that Admission will become effective on 30 July 2015.  The New Ordinary Shares will, following allotment, rank pari passu in all respects with the existing issued ordinary shares of 10 pence each in the share capital of Vertu Motors.

Following Admission, Vertu Motors' issued share capital will be 341,089,985 ordinary shares of 10 pence each.  The Company does not hold any ordinary shares in treasury.  Therefore the total number of voting rights in the Company will be 341,089,985.  Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the AIM Rules for Companies.

On 23 July 2015, at the Company's annual general meeting, David Forbes retired from the board and ceased to be a director of the Company.

Vertu Motors plc
Robert Forrester, CEO	Tel: [phone]
Michael Sherwin, FD	Tel: [phone]
Liberum
Peter Tracey Richard Crawley Jamie Richards	Tel: [phone]
Zeus Capital Limited
Adam Pollock	Tel: [phone]
Camarco
Billy Clegg Georgia Mann	Tel: [phone]

 

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