REG - Vertu Motors PLC - Directorate Change

Vertu MotorsAnnouncement

05/06/2023 07:00

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RNS Number : 5744B  Vertu Motors PLC  05 June 2023

5 June 2023

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Directorate Change

 

Appointment of John Mewett as an independent Non-executive Director

 

Vertu Motors plc, the automotive retailer with a network of 189 sales outlets
across the UK, is pleased to announce that, with effect from 5 June 2023,
Jonathan Mark Mewett has joined the Board as an independent Non-executive
Director.

 

John is currently the Chief Executive Officer of Screwfix, part of the
Kingfisher plc group.  John is a member of the Executive team at Kingfisher
plc, responsible for the development of the Screwfix business across the UK,
Ireland and France.  With over 25 years retail experience he has held
previous roles as Screwfix's Marketing Director and Digital Director, and as
Group Digital Director of its parent Kingfisher plc.

 

John holds no shares in the Company.

 

Andy Goss, Chairman of Vertu said:

We are delighted to welcome John to the Board of Vertu. He is an excellent
addition having substantial multi-channel retailing experience in UK Retail
and will add value to the existing Board. I and the Vertu team look forward to
working with him as Robert and his colleagues continue to execute on the
strategic objectives of the Company."

 

John Mewett, incoming independent Non-executive Director, commented:

"I have been very impressed by the clarity of strategy and strong momentum at
Vertu Motors under the current management team and I am delighted to be
joining the Board."

 

See below for further information in accordance with

 

Information on John Mewett (aged 55) required to be disclosed under Rule 17
and Schedule Two (g) (i)-(viii) of the AIM Rules for Companies:

 

Current Directorships/Partnerships

 

The Screwfix Foundation

Geared Up Limited

Plumbfix Limited

Screwfix Limited

SFD Ltd

Electricfix Limited

Screwfix Spares Limited

Screwfix Direct Limited

 

Past Directorships/Partnerships in the last 5 years

 

Kingfisher Marketplaces Limited - resigned 17 June 2022

Locke & Co Ltd -voluntarily dissolved 10 August 2021

DIY Express Limited - voluntarily dissolved 10 August 2021

Watersmith UK Limited - voluntarily dissolved 10 August 2021

Site (UK) Limited - voluntarily dissolved 10 August 2021

Powersmith Limited - voluntarily dissolved 10 August 2021

Titan Power Tools (UK) Limited - voluntarily dissolved 10 August 2021

No Nonsense Limited - voluntarily dissolved 10 August 2021

Erbauer (UK) Limited - voluntarily dissolved 10 August 2021

Forge Steel Limited  - voluntarily dissolved 10 August 2021

Moretti (UK) Limited - voluntarily dissolved 10 August 2021

Screws Limited - voluntarily dissolved 10 August 2021

Easydrive (GB) Limited - voluntarily dissolved 10 August 2021

Kingfisher Digital Limited- resigned 7 February 2019

 

Save for the information above, there are no further disclosures to be made in
accordance with Rule 17 or Schedule Two (g) (i)-(viii)  of the AIM Rules for
Companies in respect of the appointment of John Mewett.

- 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 (Nominated Adviser and Broker)
 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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