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

Vertu MotorsAnnouncement

29/10/2024 14:30

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RNS Number : 0965K  Vertu Motors PLC  29 October 2024

29 October 2024

 

Vertu Motors plc

 

(the "Company")

 

Notification of Director's interests

 

The Company announces that it was notified on 29 October 2024 that David
Crane, a director of the Company, had sold 196,736 ordinary shares of 10p each
in the Company ("Ordinary Shares").  The sale took place on 29 October 2024
at a price of 66.2034 pence per Ordinary Share.

 

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

 Director
 David Crane  483,684                                                             0.14%                                                   196,736                                  286,948                                                                    0.09%

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

The Company's issued share capital consists of 333,872,346 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                                                                        DAVID CRANE
 2.          Reason for the notification                                                 SALE OF SHARES
 a)          Position/status                                                             COO
 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                                                   SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 c)          Price(s) and volume(s)

Price     Volume(s)
             0.662034  196,736
 d)          Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

             -Aggregated volume

             - Price
 e)          Date of the transaction                                                     29 October 2024
 f)          Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

d)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

 

 

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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