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.

                                                                             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.


   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 
 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) Dow Jones Newswires

July 07, 2021 02:00 ET (06:00 GMT)

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