REG - Vertu Motors PLC - Notification of Director’s interests

Vertu MotorsAnnouncement

17/05/2024 13:30

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RNS Number : 9563O  Vertu Motors PLC  17 May 2024

17 May 2024

Vertu Motors plc

(the "Company")

Notification of Director's interests

 

The Company announces that Jonathan Mewett, a non-executive director of the
Company, has purchased ordinary shares of 10p each in the capital of the
Company ("Ordinary Shares").

The purchase took place on 17 May 2024 at a price of 79.502 pence per Ordinary
Share.

 

                  Beneficial holding of Ordinary Shares prior to the Dealings*  % of issued share capital prior to the Dealings*  Ordinary Shares acquired by PDMR  Resultant Beneficial holding of Ordinary Shares after the Dealings*  Resultant % of issued share capital after the Dealings*

 PDMR
 Jonathan Mewett  0                                                             0.00%                                             50,000                            50,000                                                               0.01%

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

The Company's issued share capital consists of 337,602,150 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                                                                        JONATHAN MEWETT
 2.            Reason for the notification                                                 PURCHASE OF SHARES
 b)            Position/status                                                             NON-EXECUTIVE 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 instrument, type of instrument identification  ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
               code

               Identification code

                                                                                           GB00B1GK4645
 g)            Nature of the transaction                                                   PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC.
 h)            Price(s) and volume(s)

Price    Volume(s)
               0.79502  50,000
 i)            Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

               -Aggregated volume

               - Price
 j)            Date of the transaction                                                     17 MAY 2024
 k)            Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

17 MAY 2024

k)

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- ENDS -

 Vertu Motors plc
 Robert Forrester, CEO            Tel: 0191 491 2121
 Karen Anderson, CFO              Tel: 0191 491 2121

 Phil Clark, Investor relations   PClark@vertumotors.com
 Stifel
 Matthew Blawat                   Tel: 0207 710 7688

 Nick Harland
 Camarco
 Billy Clegg                      Tel: 020 3757 4983

 Tom Huddart

 

Notes to Editors

Vertu Motors is the fourth largest automotive retailer in the UK with a
network of 188 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 184 franchised sales outlets and 4
non-franchised sales operations from 143 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring
experience through honesty and trust".

Vertu Motors Group websites - https://investors.vertumotors.com
(https://investors.vertumotors.com/) /www.vertucareers.com
(http://www.vertucareers.com)

Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
www.bristolstreet.co.uk (http://www.bristolstreet.co.uk) / www.vertuhonda.com
(http://www.vertuhonda.com) / www.vertutoyota.com (http://www.vertutoyota.com)
/ www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
www.vertumotorcyles.com (http://www.vertumotorcyles.com)

 

 

 

 

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