Notification of PDMR interests

Vertu Motors

11/03/2025 16:13

RNS Number : 2470A

Vertu Motors PLC

11 March 2025

 

11 March 2025

 

Vertu Motors plc

 

(the "Company")

 

Notification of PDMR interests

 

The Company announces that it was notified on 7 March 2025 that Leonardo Caruso, a person discharging managerial responsibility in the Company, had exercised nil-cost options over 236,220 ordinary shares of 10p each in the Company ("Ordinary Shares") on 7 March 2025, that were issued in March 2021 under the Vertu Long Term Incentive Plan. The option exercise was satisfied via a transfer of Ordinary Shares from the Company's Employee Benefit Trust.

 

PDMR
Beneficial holding of Ordinary Shares prior to the dealings above*
% of issued share capital prior to the dealings above*
Ordinary Shares acquired by PDMR
Resultant Beneficial holding of Ordinary Shares after the dealings above*
Resultant % of issued share capital after the dealings above*
Leonardo Caruso
12,651
0.00%
236,220
248,871
0.08%

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

The Company's issued share capital consists of 329,447,673 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
LEONARDO CARUSO
2.
Reason for the notification
ACQUISITION OF SHARES
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 instrument, type of instrument identification code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645
g)
Nature of the transaction
EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,PURSUANT TO THECOMPANY'S LONG TERM INCENTIVE PLAN, RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S EBT
h)
Price(s) and volume(s)
Price
Volume(s)
NIL
236,220
i)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j)
Date of the transaction
7 MARCH 2025
k)
Place of transaction
OFF MARKET

 

- ENDS -

 

Vertu Motors plc
Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Phil Clark, Investor Relations
Stifel (Nominated Adviser and Broker)
Tel: +44 (0) 207 710 7688
Matthew Blawat
Nick Harland
Camarco
Tel: +44 (0) 203 757 4980
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in the UK with a network of 200sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors and Vertu 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 197 franchised sales outlets and 3 non-franchised sales operations from 155 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/www.vertucareers.com
 Vertu brand websites -www.vertumotors.com/www.bristolstreet.co.uk/www.vertuhonda.com/www.vertutoyota.com/www.vertumotorcycles.com

 

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