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RNS Number : 3721X Vertu Motors PLC 25 April 2023
25 April 2023
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 24 April 2023 that Colin Kent, a
person discharging managerial responsibility in the Company, had transferred
legal ownership of 6,588 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 12 April 2023.
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
Colin Kent 449,251 0.13% n/a 449,251 0.13%
* includes shares held by persons closely associated with the PDMR.
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 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 ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
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 6,588
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
j) Date of the transaction 12 APRIL 2023
k) Place of transaction OFF MARKET
i)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j)
Date of the transaction
12 APRIL 2023
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
Phil Clark, Investor relations PClark@vertumotors.com
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 fourth largest automotive retailer in the UK with a
network of 189 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 185 franchised sales outlets and 4
non-franchised sales operations from 141 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring
experience through honesty and trust".
Vertu Motors Group websites - https://investors.vertumotors.com/
(https://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.vertuhonda.com
(http://www.vertuhonda.com) / www.vertutoyota.com (http://www.vertutoyota.com)
/ www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
www.vertumotorcyles.com (http://www.vertumotorcyles.com)
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