Vertu Motors PLC Director/PDMR Shareholding (7581Y)
17 Maggio 2021 - 8:00AM
UK Regulatory
TIDMVTU
RNS Number : 7581Y
Vertu Motors PLC
17 May 2021
17 May 2021
Vertu Motors plc ("Vertu Motors" or "Company")
Director Shareholdings
Vertu Motors announces that on 14 May 2021 the following
directors acquired the ordinary shares of 10p each in the Company
("Ordinary Shares") set out below, at nil cost, by way of transfer
from the Company's employee benefit trust in satisfaction of the
share element of bonuses awarded by the Company. David Crane sold
some of the Ordinary Shares on the same day to satisfy the
resulting PAYE and National Insurance liability.
Resultant
Beneficial Beneficial Resultant
holding % of issued Ordinary holding % of issued
PDMR of Ordinary share capital Shares of Ordinary share capital
Shares prior prior to acquired Shares after after the
to the Dealing* the Dealing* by PDMR the Dealing* Dealing*
Robert Forrester 7,225,215 1.96 215,053 7,440,268 2.02
----------------- --------------- ---------- -------------- ---------------
David Crane 195,705 0.05 107,526 252,039** 0.07
----------------- --------------- ---------- -------------- ---------------
Karen Anderson 901,074 0.24 107,526 1,008,600 0.27
----------------- --------------- ---------- -------------- ---------------
*includes shares held by the PDMR's PCAs.
**includes the sale of 51,192 Ordinary Shares to satisfy tax
liability.
The Company's issued share capital consists of 369,173,981
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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code GB00B1GK4645
Identification code
--------------------------------- ------------------------------------
b) Nature of the transaction TRANSFER OF ORDINARY SHARES OF
10p EACH IN VERTU MOTORS PLC,
FROM THE COMPANY'S EBT
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.00 215,053
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 14 MAY 2021
--------------------------------- ------------------------------------
f) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code GB00B1GK4645
Identification code
--------------------------------- ------------------------------------
b) Nature of the transaction TRANSFER OF ORDINARY SHARES OF
10p EACH IN VERTU MOTORS PLC,
FROM THE COMPANY'S EBT
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.00 107,526
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 14 MAY 2021
--------------------------------- ------------------------------------
f) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name DAVID CRANE
--------------------------------- ------------------------------------
2. Reason for the notification SALE 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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code GB00B1GK4645
Identification code
--------------------------------- ------------------------------------
b) Nature of the transaction SALE OF ORDINARY SHARES OF 10p
EACH IN VERTU MOTORS PLC, FROM
THE COMPANY'S EBT
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.46 51,192
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 14 MAY 2021
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code GB00B1GK4645
Identification code
--------------------------------- ------------------------------------
b) Nature of the transaction TRANSFER OF ORDINARY SHARES OF
10p EACH IN VERTU MOTORS PLC,
FROM THE COMPANY'S EBT
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.00 107,526
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 14 MAY 2021
--------------------------------- ------------------------------------
f) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
- 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 Tel: 020 3829 5000
Andrew Jones
Dominic King
Camarco
Billy Clegg Tel: 020 3757 4983
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 149 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 145 franchised sales outlets and 4
non-franchised sales operations from 115 locations across the
UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites - www.investors.vertumotors.com
/www.vertucareers.com
Vertu brand websites - www.vertumotors.com /
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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END
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