Vertu Motors PLC Notification of Director's interests (3721E)
07 Luglio 2021 - 8:00AM
UK Regulatory
TIDMVTU
RNS Number : 3721E
Vertu Motors PLC
07 July 2021
7 July 2021
Vertu Motors plc
(the "Company")
Notification of Director's interests
The Company was notified on 5 July 2021 of the transfer of
shares pursuant to the exercise by a director of the Company of
options over ordinary shares of 10p each in the Company ("Ordinary
Shares"), under the Vertu 2011 Company Share Option Plan ("CSOP
Options"). The CSOP Options were exercised on 25 June 2021
resulting in the acquisition of Ordinary Shares as set out below,
by way of transfer from the Company's Employee Benefit Trust at the
option price of 26p per Ordinary Share.
Resultant
Beneficial Resultant
Beneficial holding % of issued holding of % of issued
Director of Ordinary share capital Ordinary Ordinary share capital
Shares prior prior to Shares acquired Shares after after the
to the Dealings* the Dealings* by Director the Dealings* Dealings*
David Crane 255,952 0.07 30,000 285,952 0.08
------------------- --------------- ----------------- --------------- ---------------
*includes shares held by persons closely associated with the
director.
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 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
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
b) Nature of the transaction EXERCISE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
SHARE OPTION PLAN, RESULTING
IN THE TRANSFER OF SHARES FROM
THE COMPANY'S EBT
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
0.26 30,000
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 25 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.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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