TIDMVTU

RNS Number : 5652B

Vertu Motors PLC

11 June 2021

11 June 2021

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

Director and PDMR Share Purchases

Vertu Motors announces that it was notified on 10 June 2021, 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 9 June 2021 pursuant to the Company's Share Incentive Plan at a price of 46p per Ordinary Share:

 
                                                                         Resultant 
                           Beneficial                                   Beneficial        Resultant 
              PDMR            holding      % of issued    Ordinary         holding      % of issued 
                          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           7,440,268             2.02       3,913       7,444,181             2.02 
                    -----------------  ---------------  ----------  --------------  --------------- 
 David Crane                  252,039             0.07       3,913         255,952             0.07 
                    -----------------  ---------------  ----------  --------------  --------------- 
 Karen Anderson             1,008,600             0.27       3,913       1,012,513             0.27 
                    -----------------  ---------------  ----------  --------------  --------------- 
 Ian Harrison                 236,966             0.06       3,913         240,879             0.07 
                    -----------------  ---------------  ----------  --------------  --------------- 
 Stephen Gould                 15,968            <0.01       3,913          19,881             0.01 
                    -----------------  ---------------  ----------  --------------  --------------- 
 

*includes shares held by the PDMR's PCAs.

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          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) 
            GBP0.46    3913 
                      ---------- 
         ----------------------------------------------------------------------- 
     d)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
           -Aggregated volume 
           - Price 
         ---------------------------------  ------------------------------------ 
     e)   Date of the transaction            9 June 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          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) 
            GBP0.46    3913 
                      ---------- 
         ----------------------------------------------------------------------- 
     d)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
           -Aggregated volume 
           - Price 
         ---------------------------------  ------------------------------------ 
     e)   Date of the transaction            9 June 2021 
         ---------------------------------  ------------------------------------ 
   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       ORDINARY SHARES OF 10p EACH IN 
           instrument, type of instrument     VERTU MOTORS PLC 
           identification code                GB00B1GK4645 
           Identification code 
         ---------------------------------  ------------------------------------ 
     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) 
            GBP0.46    3913 
                      ----------- 
         ----------------------------------------------------------------------- 
     d)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
           -Aggregated volume 
           - Price 
         ---------------------------------  ------------------------------------ 
     e)   Date of the transaction            9 June 2021 
         ---------------------------------  ------------------------------------ 
     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       ORDINARY SHARES OF 10p EACH IN 
           instrument, type of instrument     VERTU MOTORS PLC 
           identification code                GB00B1GK4645 
           Identification code 
         ---------------------------------  ------------------------------------ 
     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) 
            GBP0.46    3913 
                      ---------- 
         ----------------------------------------------------------------------- 
     d)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
           -Aggregated volume 
           - Price 
         ---------------------------------  ------------------------------------ 
     e)   Date of the transaction            9 June 2021 
         ---------------------------------  ------------------------------------ 
     f)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
         ---------------------------------  ------------------------------------ 
 
 
     1.   Details of the person discharging managerial responsibilities/person 
           closely associated 
     a)   Name                               STEPHEN GOULD 
         ---------------------------------  ------------------------------------ 
     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       ORDINARY SHARES OF 10p EACH IN 
           instrument, type of instrument     VERTU MOTORS PLC 
           identification code                GB00B1GK4645 
           Identification code 
         ---------------------------------  ------------------------------------ 
     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) 
            GBP0.46    3913 
                      ---------- 
         ----------------------------------------------------------------------- 
  d)      Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
           -Aggregated volume 
           - Price 
         ---------------------------------  ------------------------------------ 
  e)      Date of the transaction            9 June 2021 
         ---------------------------------  ------------------------------------ 
  f)      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              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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June 11, 2021 02:00 ET (06:00 GMT)

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