REG - Vertu Motors PLC - Director/PDMR Shareholding
RNS Number : 7581YVertu Motors PLC17 May 202117 May 2021
Vertu Motors plc ("Vertu Motors" or "Company")
Director Shareholdings
Vertu Motors announces that on 14 May 2021 the following directors acquired the ordinary shares of 10p each in the Company ("Ordinary Shares") set out below, at nil cost, by way of transfer from the Company's employee benefit trust in satisfaction of the share element of bonuses awarded by the Company. David Crane sold some of the Ordinary Shares on the same day to satisfy the resulting PAYE and National Insurance liability.
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
7,225,215
1.96
215,053
7,440,268
2.02
David Crane
195,705
0.05
107,526
252,039**
0.07
Karen Anderson
901,074
0.24
107,526
1,008,600
0.27
*includes shares held by the PDMR's PCAs.
**includes the sale of 51,192 Ordinary Shares to satisfy tax 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.
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
TRANSFER OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, FROM THE COMPANY'S EBT
c)
Price(s) and volume(s)
Price
Volume(s)
£0.00
215,053
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
14 MAY 2021
f)
Place of transaction
OFF MARKET
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
TRANSFER OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, FROM THE COMPANY'S EBT
c)
Price(s) and volume(s)
Price
Volume(s)
£0.00
107,526
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
14 MAY 2021
f)
Place of transaction
OFF MARKET
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
DAVID CRANE
2.
Reason for the notification
SALE 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
SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, FROM THE COMPANY'S EBT
c)
Price(s) and volume(s)
Price
Volume(s)
£0.46
51,192
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
14 MAY 2021
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
TRANSFER OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, FROM THE COMPANY'S EBT
c)
Price(s) and volume(s)
Price
Volume(s)
£0.00
107,526
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
14 MAY 2021
f)
Place of transaction
OFF MARKET
- 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 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.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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