PDMR Share Purchase

RNS Number : 3235G

Vertu Motors PLC

04 August 2016

 

4 August 2016

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

PDMR Share Purchase

Vertu Motors announces that it was notified on 4 August 2016, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by persons discharging managerial responsibility in the Company.  The Dealings took place on 4 August 2016 pursuant to the Company's Share Incentive Plan at a price of 46.975p 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	6,778,888	1.71	3,831	6,782,719	1.71
Michael Sherwin	424,466	0.11	3,832	428,298	0.11
Karen Anderson	753,095	0.19	3,831	756,926	0.19
Ian Harrison	159,323	0.04	3,832	163,155	0.04

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 397,269,839 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 IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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) £0.46975 3831
d)	Aggregated information -Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	4 AUGUST 2016
f)	Place of transaction	LONDON STOCK EXCHANGE, AIM

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

5.	Details of the person discharging managerial responsibilities/person closely associated
b)	Name	MICHAEL SHERWIN
6.	Reason for the notification	ACQUISITION OF SHARES
c)	Position/status	CFO
d)	Initial notification/Amendment	INITIAL NOTIFICATION
7.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
c)	Name	VERTU MOTORS PLC
d)	LEI	213800GIKJEIUIGMI575
8.	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
g)	Description of the financial instrument, type of instrument identification code Identification code	ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
h)	Nature of the transaction	PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
i)	Price(s) and volume(s) Price Volume(s) £0.46975 3832
j)	Aggregated information -Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
k)	Date of the transaction	4 AUGUST 2016
l)	Place of transaction	LONDON STOCK EXCHANGE, AIM

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

9.	Details of the person discharging managerial responsibilities/person closely associated
c)	Name	KAREN ANDERSON
10.	Reason for the notification	ACQUISITION OF SHARES
e)	Position/status	COMPANY SECRETARY
f)	Initial notification/Amendment	INITIAL NOTIFICATION
11.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
e)	Name	VERTU MOTORS PLC
f)	LEI	213800GIKJEIUIGMI575
12.	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
m)	Description of the financial instrument, type of instrument identification code Identification code	ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
n)	Nature of the transaction	PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
o)	Price(s) and volume(s) Price Volume(s) £0.46975 3831
p)	Aggregated information -Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
q)	Date of the transaction	4 AUGUST 2016
r)	Place of transaction	LONDON STOCK EXCHANGE, AIM

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

13.	Details of the person discharging managerial responsibilities/person closely associated
d)	Name	IAN HARRISON
14.	Reason for the notification	ACQUISITION OF SHARES
g)	Position/status	OPERATIONS DIRECTOR
h)	Initial notification/Amendment	INITIAL NOTIFICATION
15.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
g)	Name	VERTU MOTORS PLC
h)	LEI	213800GIKJEIUIGMI575
16.	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
s)	Description of the financial instrument, type of instrument identification code Identification code	ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
t)	Nature of the transaction	PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
u)	Price(s) and volume(s) Price Volume(s) £0.46975 3832
v)	Aggregated information -Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
w)	Date of the transaction	4 AUGUST 2016
x)	Place of transaction	LONDON STOCK EXCHANGE, AIM

- Ends -

For further information please contact:

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

Notes to Editors

Vertu, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 132 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell, South Hereford Garages and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 129 franchised sales outlets and 3 non-franchised sales operations from 109 locations across the UK.

Vertu Group websites - www.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.southherefordgarages.co.uk / www.vertumercedes-benz.com

 

END

 

 

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