REG - Vertu Motors PLC - Director/PDMR Shareholding
17/08/2022 08:00
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RNS Number : 3016W Vertu Motors PLC 17 August 2022
17 August 2022
Vertu Motors plc
(the "Company")
Notification of PDMR interests
The Company announces that it was notified on 16 August 2022 that Ian Harrison
and Christopher Taylor, persons discharging managerial responsibility in the
Company, had each exercised options (detailed below) over ordinary shares of
10p each in the Company ("Ordinary Shares"), on 12 August 2022 and 16 August
2022 respectively, that were issued in October 2012 under the Vertu Company
Share Option Plan with an exercise price of 39.25 pence per Ordinary Share.
The option exercises were satisfied via transfers of Ordinary Shares from the
Company's Employee Benefit Trust.
The Company has also been notified that Christopher Taylor sold 173,359 of the
200,000 Ordinary Shares he received to satisfy the associated exercise price
and income tax and National Insurance liability. The sale took place on 16
August 2022 at a price of 52.6580 pence per Ordinary Share.
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*
PDMR
Ian Harrison 362,908 0.10% 30,000 392,908 0.11%
Christopher Taylor 343,475 0.10% 26,641** 370,116 0.11%
* includes shares held by persons closely associated with the PDMR.
** net amount after the sale to satisfy the exercise price and tax and NI
liability.
The Company's issued share capital consists of 348,945,522 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 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 ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
b) Nature of the transaction EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE OPTION PLAN, RESULTING IN THE TRANSFER OF
SHARES FROM THE COMPANY'S EBT
c) Price(s) and volume(s)
Price Volume(s)
0.3925 30,000
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 12 AUGUST 2022
f) Place of transaction OFF MARKET
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
12 AUGUST 2022
f)
Place of transaction
OFF MARKET
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 ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
b) Nature of the transaction EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE OPTION PLAN, RESULTING IN THE TRANSFER OF
SHARES FROM THE COMPANY'S EBT
c) Price(s) and volume(s)
Price Volume(s)
0.3925 200,000
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 16 AUGUST 2022
f) Place of transaction OFF MARKET
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
16 AUGUST 2022
f)
Place of transaction
OFF MARKET
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name CHRISTOPHER TAYLOR
2. Reason for the notification SALE 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 ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
g) Nature of the transaction SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO
THE COMPANY'S SHARE OPTION PLAN
h) Price(s) and volume(s)
Price Volume(s)
0.526580 173,359
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
j) Date of the transaction 16 AUGUST 2022
k) Place of transaction LONDON STOCK EXCHANGE, AIM
i)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j)
Date of the transaction
16 AUGUST 2022
k)
Place of transaction
LONDON STOCK EXCHANGE, AIM
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2111
Karen Anderson, CFO Tel: 0191 491 2112
Zeus Capital Limited Tel: 020 3829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
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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