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Vertu Motors PLC (VTU)

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Friday 13 May, 2022

Vertu Motors PLC

Notification of Director's interests

RNS Number : 3455L
Vertu Motors PLC
13 May 2022
 

13 May 2022

Vertu Motors plc

(the "Company")

Notification of Director's interests

 

The Company announces that Robert Forrester, a director and a person discharging managerial responsibility in the Company , has purchased ordinary shares of 10p each in the capital of the Company ("OrdinaryShares"). 

The purchase took place on 12 May 2022 at a price of 50.8815 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*

Robert Forrester

7,444,181

2.08%

39,297

7,483,478

2.09%

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

The Company's issued share capital consists of 357,456,992 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

ROBERT FORRESTER

2. 

Reason for the notification

PURCHASE OF SHARES

b) 

Position/status

CEO

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)

0.508815

39,297

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

12 MAY 2022

k) 

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- Ends -

 

For further information please contact:

Vertu Motors plc


Robert Forrester, CEO

Tel: 0191 491 2121

Karen Anderson, CFO

Tel: 0191 491 2121

Zeus Capital Limited


Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

Camarco


Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 locations across the UK.

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

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

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertumotorcycles.com

 

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