REG - Vertu Motors PLC - Director/PDMR Shareholding

Vertu MotorsAnnouncement

11/07/2022 07:00

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RNS Number : 9085R  Vertu Motors PLC  11 July 2022

 11 July 2022

Vertu Motors plc ("Vertu Motors" or "Company")

PDMR Share Purchase

Vertu Motors announces that it was notified on 7 July 2022 of the following
acquisition ("Dealing") in the Company's ordinary shares of 10p each
("Ordinary Shares") by Mark Gibbings, a person discharging managerial
responsibility in the Company. The Dealing took place on 7 July 2022 pursuant
to the Company's Share Incentive Plan at a price of 57.2853p per Ordinary
Share:

                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*

 PDMR
 Mark Gibbings  17,749                                                       0.01                                             2,618                             20,367                                                              0.01

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 350,262,475 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                                                                        MARK GIBBINGS
   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  ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
                     code

                     Identification code

                                                                                                 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)
                     £0.572853   2,618
 d)                  Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

                     -Aggregated volume

                     - Price
  e)                 Date of the transaction                                                     7 July 2022
 f)                  Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

d)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

 e)

Date of the transaction

7 July 2022

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             Tel: 020 3829 5000

 Andrew Jones

 Dominic King
 Camarco
 Billy Clegg            Tel: 020 3757 4983

 Tom Huddart

 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network
of 160 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 156 franchised sales outlets and 4 non-franchised
sales operations from 121 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
(http://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.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
www.vertumotorcycles.com (http://www.vertumotorcycles.com)

 

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