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Vertu Motors PLC (VTU)

  Print          Annual reports

Wednesday 08 June, 2022

Vertu Motors PLC

Director/PDMR Shareholding

RNS Number : 0748O
Vertu Motors PLC
08 June 2022
 

8 June 2022

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

Director and PDMR Share Purchases

Vertu Motors announces that it was notified on 7 June 2022, 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 7 June 2022 pursuant to the Company's Share Incentive Plan at a price of 58.11p 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

7,483,478

2.11

3,097

7,486,575

2.12

David Crane

434,036

0.12

3,097

437,133

0.12

Karen Anderson

1,160,597

0.33

3,097

1,163,694

0.33

Ian Harrison

359,811

0.10

3,097

362,908

0.10

Michael Rich

43,497

0.01

3,097

46,594

0.01

Christopher Taylor

340,378

0.10

3,097

343,475

0.10

Leonardo Caruso

4,390

<0.01

3,097

7,487

<0.01

Mark Gibbings

17,491

<0.01

258

17,749

0.01

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 354,117,321 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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

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

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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

f) 

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a) 

Name

LEONARDO CARUSO

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)

£0.5811

3097

d) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e) 

Date of the transaction

7 June 2022

f) 

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

1. 

Details of the person discharging managerial responsibilities/person closely associated

a) 

Name

MARK GIBBINGS

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

g) 

Description of the financial instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

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)

£0.5811

258

j) 

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

k) 

Date of the transaction

7 June 2022

l) 

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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