REG - Vertu Motors PLC - EBT Share Purchase

Vertu MotorsAnnouncement

30/10/2024 07:15

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RNS Number : 1328K  Vertu Motors PLC  30 October 2024

30 October 2024

 

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

EBT Share Purchase

Vertu Motors announces that it was notified on 29 October 2024 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 29 October 2024
at a price of 66.2075 pence 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 will include the Company's Long
Term Incentive Plan, under which each of the executive directors of the
Company and 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  4,977,248                                                   1.49%                                           359,413                   5,336,661                                                          1.60%

The Company's issued share capital consists of 333,709,559 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

                                                                                                   GB00B1GK4645
 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)
                       0.662075  359,413
 d)                    Aggregated information

                       -Aggregated volume                                                          n/a

                       - Price                                                                     n/a

 e)                    Date of the transaction                                                     29 OCTOBER 2024
 f)                    Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

d)

Aggregated information

 

-Aggregated volume

 

- Price

 

 

n/a

 

n/a

 

e)

Date of the transaction

29 OCTOBER 2024

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

 Phil Clark, Investor relations   PClark@vertumotors.com
 Stifel
 Matthew Blawat                   Tel: 0207 710 7688

 Nick Harland
 Camarco
 Billy Clegg                      Tel: 020 3757 4980

 Tom Huddart

 

Notes to Editors

Vertu Motors is the fourth largest automotive retailer in the UK with a
network of 202 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 198 franchised sales outlets and 4 non-franchised
sales operations from 154 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.vertumotorcycles.com (http://www.vertumotorcycles.com)

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