REG - Vertu Motors PLC - EBT Share Purchase

Vertu MotorsAnnouncement

13/05/2022 07:00

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RNS Number : 3470L  Vertu Motors PLC  13 May 2022

13 May 2022

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

EBT Share Purchase

Vertu Motors announces that it was notified on 12 May 2022, of the following
acquisition ("Dealing") of the Company's ordinary shares of 10p each
("Ordinary Shares") by Ocorian Limited ("Trustee"), the trustee of the
Company's employee benefit trust.  The Dealing took place on 12 May 2022 at a
price of 50.40p per Ordinary Share.

The acquired shares were purchased by the Trustee to be held for the purposes
of the employee benefit trust, and may be used to transfer shares to
individuals when options are exercised.  This could include the Company's
Long Term Incentive Plan, under which each of the executive directors of the
Company is a potential participant, and other share options and share schemes,
under which other PDMRs are potential participants.  They are therefore
regarded as having a notional interest in the acquired shares.

          Beneficial holding of Ordinary Shares prior to the Dealing  % of issued share capital prior to the Dealing  Ordinary Shares acquired  Resultant Beneficial holding of Ordinary Shares after the Dealing  Resultant % of issued share capital after the Dealing
 Trustee  3,636,305                                                   1.02                                            3,960,331                 7,596,636                                                          2.13

The Company's issued share capital consists of 357,456,992 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                                                                        OCORIAN LIMITED
 2.                    Reason for the notification                                                 ACQUISITION OF SHARES
 a)                    Position/status                                                             EBT TRUSTEE
 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 FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
                       Identification code
 b)                    Nature of the transaction                                                   PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 c)                    Price(s) and volume(s)

Price   Volume(s)
                       0.5040  3,960,331
 d)                    Aggregated information

                       -Aggregated volume                                                          n/a

                       - Price                                                                     n/a

 e)                    Date of the transaction                                                     12 MAY 2022
 f)                    Place of transaction                                                        AIM

d)

Aggregated information

 

-Aggregated volume

 

- Price

 

 

n/a

 

n/a

 

e)

Date of the transaction

12 MAY 2022

f)

Place of transaction

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 / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk /
www.macklinmotors.co.uk / www.vertumotorcycles.com

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