REG - Vertu Motors PLC - Notification of Director’s interests

Vertu MotorsAnnouncement

28/06/2024 07:00

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RNS Number : 2502U  Vertu Motors PLC  28 June 2024

28 June 2024

 

Vertu Motors plc

 

(the "Company")

 

Notification of Director's interests

 

The Company announces that it was notified on 27 June 2024 that Helen
Forrester, the wife of Robert Forrester, CEO of the Company, had sold 2
million ordinary shares of 10p each in the Company ("Ordinary Shares").  The
sales took place in two tranches of 1 million Ordinary Shares each over 26 and
27 June 2024 at a price of 77.55 pence and 74.00 pence per Ordinary Share
respectively.

 

                   Beneficial holding of Ordinary Shares prior to the dealings above*  % of issued share capital prior to the dealings above*  Ordinary Shares disposed by Director  Resultant Beneficial holding of Ordinary Shares after the dealings above*  Resultant % of issued share capital after the dealings above*

 Director
 Robert Forrester  7,491,740                                                           2.22%                                                   2,000,000                             5,491,740                                                                  1.63%

* includes shares held by persons closely associated with the Director.

The Company's issued share capital consists of 337,602,150 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                                                                        HELEN FORRESTER
 2.          Reason for the notification                                                 SALE OF SHARES
 b)          Position/status                                                             SPOUSE of ROBERT FORRESTER, CEO
 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

 h)          Price(s) and volume(s)

Price   Volume(s)
             0.7755  1,000,000
             0.7400  1,000,000
 i)          Aggregated information

             -Aggregated volume                                                          2,000,000 shares

             - Price                                                                     0.75775
 j)          Date of the transaction                                                      26 and 27 JUNE 2024
 k)          Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

i)

Aggregated information

 

-Aggregated volume

 

- Price

 

 

2,000,000 shares

 

0.75775

j)

Date of the transaction

 26 and 27 JUNE 2024

k)

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- ENDS -

 Vertu Motors plc                          Tel: +44 (0) 191 491 2121
 Robert Forrester, CEO
 Karen Anderson, CFO

 Phil Clark, Investor relations                           PClark@vertumotors.com

 Stifel (Nominated Adviser and Broker)     Tel: +44 (0) 207 710 7688
 Matthew Blawat
 Nick Harland

 Camarco                                   Tel: +44 (0) 203 757 4983
 Billy Clegg
 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 143 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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