Vertu Motors PLC EBT Share Purchase (9327P)
22 Febbraio 2021 - 3:28PM
UK Regulatory
TIDMVTU
RNS Number : 9327P
Vertu Motors PLC
22 February 2021
22 February 2021
Vertu Motors plc ("Vertu Motors" or "Company")
EBT Share Purchase
Vertu Motors announces that it was notified on 19 February 2021,
of the following acquisitions ("Dealings") in the Company's
ordinary shares of 10p each ("Ordinary Shares") by Ocorian Limited
("Trustee"), the trustee of the Company's employee benefit trust.
The Dealings took place on 12-19 February 2021 at an average price
of 37.65p per Ordinary Share:
The shares were purchased by the Trustee to be held for the
purposes of the employee benefit trust, and may be used to transfer
shares to individuals when options are exercised. This could
include the Company's Long Term Incentive Plan, under which each of
the executive directors of the Company is a potential participant,
and other share options and share schemes, under which other
potential PDMRs are potential participants. They are therefore
regarded as having a notional interest in these shares.
Resultant
Beneficial Beneficial Resultant
holding % of issued holding % of issued
of Ordinary share capital Ordinary of Ordinary share capital
Shares prior prior to Shares Shares after after the
to the Dealings the Dealings acquired the Dealings Dealings
Trustee 2,013,484 0.55 4,683,673 6,697,157 1.81
----------------- --------------- ---------- -------------- ---------------
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 OCORIAN LIMITED
--------------------------------- -----------------------------------------
2. Reason for the notification ACQUISITION OF SHARES
--------------------------------- -----------------------------------------
a) Position/status EBT TRUSTEE
--------------------------------- -----------------------------------------
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 IDENTIFICATION CODE FOR VERTU
Identification code MOTORS PLC ORDINARY SHARES GB00B1GK4645
--------------------------------- -----------------------------------------
b) Nature of the transaction PURCHASE OF ORDINARY SHARES OF
10p EACH IN VERTU MOTORS PLC
--------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
0.375835 3,843,662
----------
0.379762 840,011
----------
----------------------------------------------------------------------------
d) Aggregated information 4,683,673
-Aggregated volume 0.3765393
- Price
---------------------------------------- -----------------------------------------
e) Date of the transaction FEBRUARY 2021
--------------------------------- -----------------------------------------
f) Place of transaction AIM
--------------------------------- -----------------------------------------
- Ends -
For further information please contact:
Vertu Motors plc Tel: 0191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Zeus Capital Limited Tel: 020 3829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 146 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 143 franchised sales outlets and 3
non-franchised sales operations from 116 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
Vertu brand websites - 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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February 22, 2021 09:28 ET (14:28 GMT)
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