REG - Vertu Motors PLC - Director/PDMR Shareholding

Vertu MotorsAnnouncement

05/08/2020 12:15

RNS Number : 2440V
  
Vertu Motors PLC
  
05 August 2020
  
 

5 August 2020
Vertu Motors plc ("Vertu Motors" or "Company")
Director and PDMR Share Purchase 
Vertu Motors announces that it was notified on 4 August 2020, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by directors and persons discharging managerial responsibility in the Company.  The Dealings took place on 4 August 2020 pursuant to the Company's Share Incentive Plan at a price of 22.4p per Ordinary Share:



 
 
 
PDMR


Beneficial holding of Ordinary Shares prior to the Dealing*


% of issued share capital prior to the Dealing*


Ordinary Shares acquired by PDMR


Resultant Beneficial holding of Ordinary Shares after the Dealing*


Resultant % of issued share capital after the Dealing*




Robert Forrester


7,217,180


1.95


8,035


7,225,215


1.96




David Crane


187,670


0.05


8,035


195,705


0.05




Karen Anderson


893,039


0.24


8,035


901,074


0.24




Ian Harrison


228,931


0.06


8,035


236,966


0.06




Christopher Taylor


301,956


0.08


8,035


309,991


0.08




Stephen Gould


7,933


0.00


8,035


15,968


0.00



*includes shares held by the PDMR's PCAs.
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


ROBERT FORRESTER




2.        


Reason for the notification


ACQUISITION OF SHARES




a)        


Position/status


CEO




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 instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




b)        


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN




c)         


Price(s) and volume(s)
 



Price


Volume(s)




£0.224


8035








d)        


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




e)        


Date of the transaction


4 AUGUST 2020




f)         


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



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 instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




b)   


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN




c)         


Price(s) and volume(s)
 



Price


Volume(s)




£0.224


8035








d)        


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




e)        


Date of the transaction


4 AUGUST 2020




f)    


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.   


Details of the person discharging managerial responsibilities/person closely associated




a)   


Name


KAREN ANDERSON




2.        


Reason for the notification


ACQUISITION OF SHARES




a)   


Position/status


CFO




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 instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




b)        


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN




c)         


Price(s) and volume(s)
 



Price


Volume(s)




£0.224


8035








d)        


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




e)        


Date of the transaction


4 AUGUST 2020




f)    


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.   


Details of the person discharging managerial responsibilities/person closely associated




a)   


Name


IAN HARRISON




2.        


Reason for the notification


ACQUISITION OF SHARES




a)   


Position/status


OPERATIONS DIRECTOR




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 instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




b)        


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN




c)         


Price(s) and volume(s)
 



Price


Volume(s)




£0.224


8035








d)        


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




e)        


Date of the transaction


4 AUGUST 2020




f)    


Place of transaction


LONDON STOCK EXCHANGE, AIM




 
 


 




1.   


Details of the person discharging managerial responsibilities/person closely associated




a)   


Name


CHRISTOPHER TAYLOR




2.        


Reason for the notification


ACQUISITION OF SHARES




a)   


Position/status


OPERATIONS DIRECTOR




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 instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




b)        


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN




c)         


Price(s) and volume(s)
 



Price


Volume(s)




£0.224


8035








d)        


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




e)        


Date of the transaction


4 AUGUST 2020




f)    


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.   


Details of the person discharging managerial responsibilities/person closely associated




a)   


Name


STEPHEN GOULD




2.        


Reason for the notification


ACQUISITION OF SHARES




a)   


Position/status


 OPERATIONS DIRECTOR




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 instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




b)        


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN




c)         


Price(s) and volume(s)
 



Price


Volume(s)




£0.224


8035








d)        


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




e)   


Date of the transaction


4 AUGUST 2020




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
Andrew Jones
Dominic King


Tel: 020 3829 5000




Camarco








Billy Clegg
Tom Huddart 


Tel: 020 3757 4983



 
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 133 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 130 franchised sales outlets and 3 non-franchised sales operations from 110 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
Vertu Motors Group websites - investors.vertumotors.com / 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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