REG - Vertu Motors PLC - Director/PDMR Shareholding

Vertu MotorsAnnouncement

02/11/2021 14:40

RNS Number : 1057R
  
Vertu Motors PLC
  
02 November 2021
  
 

02 November 2021
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
 
The Company announces that it was notified on 01 November 2021 that Colin Kent, a person discharging managerial responsibility in the Company, had transferred legal ownership of 21,340 ordinary shares of 10p each in the Company ("Ordinary Shares") into a share trading account for nil consideration without any change in beneficial ownership.  The transfer took place on 01 November 2021.




 
 
 
PDMR


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*




Colin Kent


442,663


0.12%


n/a


442,663


0.12%




* includes shares held by persons closely associated with the PDMR.
The Company's issued share capital consists of 364,651,748 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


COLIN KENT 




2.     


Reason for the notification


TRANSFER 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


TRANSFER OF LEGAL OWNERSHIP OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC INTO A SHARE TRADING ACCOUNT




h)     


Price(s) and volume(s)
 




Price


Volume(s)




NIL


21,340




 




i)      


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)      


Date of the transaction


01 NOVEMBER 2021




k)     


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 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 118 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.macklinmotors.co.uk 
 

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