TIDMVTU

RNS Number : 6666E

Vertu Motors PLC

08 July 2021

8 July 2021

Vertu Motors plc

(the "Company")

Notification of PDMR's interests

The Company announces that Jatinder Aujla, a person discharging managerial responsibility in the Company, exercised nil-cost options over Ordinary Shares pursuant to LTIP Options issued in 2016, and received Ordinary Shares on 7 July 2021.

The Company has also been notified that Jatinder Aujla sold 19,023 of the 40,337 Ordinary Shares received to satisfy the resultant income tax and National Insurance liability. The sale took place on 7 July 2021 at a price of 45.1 pence per Ordinary Share.

 
                                                                                 Resultant 
                                                                                Beneficial        Resultant 
                   Beneficial holding      % of issued                          holding of      % of issued 
            PDMR          of Ordinary    share capital           Ordinary         Ordinary    share capital 
                         Shares prior         prior to    Shares acquired     Shares after        after the 
                     to the Dealings*    the Dealings*          by PDMR**    the Dealings*        Dealings* 
 Jatinder Aujla                99,921            0.03%             21,314          121,235           0.03 % 
                  -------------------  ---------------  -----------------  ---------------  --------------- 
 

* includes shares held by persons closely associated with the PDMR.

** net amount after the sales to satisfy tax and NI 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.

 
      1.   Details of the person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                               JATINDER AUJLA 
          ---------------------------------  ------------------------------------ 
      2.   Reason for the notification        EXERCISE OF LTIP OPTIONS 
          ---------------------------------  ------------------------------------ 
      b)   Position/status                    OPERATIONS DIRECTOR 
          ---------------------------------  ------------------------------------ 
      c)   Initial notification/Amendment     INITIAL NOTIFICATION 
          ---------------------------------  ------------------------------------ 
      3.   Details of the issuer, emission allowance market participant, 
            auction platform, auctioneer or auction monitor 
          ----------------------------------------------------------------------- 
      d)   Name                               VERTU MOTORS PLC 
          ---------------------------------  ------------------------------------ 
      e)   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 
          ----------------------------------------------------------------------- 
      f)   Description of the financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code 
 
            Identification code                GB00B1GK4645 
          ---------------------------------  ------------------------------------ 
      g)   Nature of the transaction          EXERCISE OF OPTION OVER ORDINARY 
                                               SHARES OF 10p EACH IN VERTU MOTORS 
                                               PLC, PURSUANT TO THE COMPANY'S 
                                               LONG TERM INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
      h)   Price(s) and volume(s) 
             Price    Volume(s) 
             NIL      40,337 
                     ---------- 
          ----------------------------------------------------------------------- 
      i)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
      j)   Date of the transaction            7 JULY 2021 
          ---------------------------------  ------------------------------------ 
      k)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 
 
      1.   Details of the person discharging managerial responsibilities/person 
            closely associated 
      l)   Name                               JATINDER AUJLA 
          ---------------------------------  ------------------------------------ 
      2.   Reason for the notification        SALE OF SHARES 
          ---------------------------------  ------------------------------------ 
      m)   Position/status                    OPERATIONS DIRECTOR 
          ---------------------------------  ------------------------------------ 
      n)   Initial notification/Amendment     INITIAL NOTIFICATION 
          ---------------------------------  ------------------------------------ 
      3.   Details of the issuer, emission allowance market participant, 
            auction platform, auctioneer or auction monitor 
          ----------------------------------------------------------------------- 
      o)   Name                               VERTU MOTORS PLC 
          ---------------------------------  ------------------------------------ 
      p)   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 
          ----------------------------------------------------------------------- 
      q)   Description of the financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code 
 
            Identification code                GB00B1GK4645 
          ---------------------------------  ------------------------------------ 
      r)   Nature of the transaction          SALE OF ORDINARY SHARES OF 10p 
                                               EACH IN VERTU MOTORS PLC, RECEIVED 
                                               PURSUANT TO THE COMPANY'S LONG 
                                               TERM INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
      s)   Price(s) and volume(s) 
             Price   Volume(s) 
             0.451   19,023 
                    ---------- 
          ----------------------------------------------------------------------- 
      t)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
      u)   Date of the transaction            7 JULY 2021 
          ---------------------------------  ------------------------------------ 
      v)   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 154 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu 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 150 franchised sales outlets and 4 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.vertucareers.com 

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk

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END

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July 08, 2021 09:58 ET (13:58 GMT)

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