REG - Vertu Motors PLC - Notification of Directors’ and PDMRs’ interests
07/03/2023 16:00
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RNS Number : 1936S Vertu Motors PLC 07 March 2023
7 March 2023
Vertu Motors plc
(the "Company")
Notification of Directors' and PDMRs' interests
The Company announces that the Company made grants of nil-cost options over
ordinary shares of 10p each in the Company ("Ordinary Shares") to directors
of, and persons discharging managerial responsibility in, the Company
("Options"). The Options were made under the Partnership Share Scheme, part
of the Company's Long Term Incentive Plan, and are a percentage of target
earnings calculated using the Company's closing share price at the date prior
to the date of grant. The Options were issued on 6 March 2023 as detailed
below:
Number of Ordinary Shares subject to the Options Resultant number of Ordinary Shares subject to options Beneficial holding of Ordinary Shares excluding options
Director
Robert Forrester 484,772 1,446,661 7,486,575
David Crane 272,727 1,313,874 465,479
Karen Anderson 272,727 1,313,874 1,163,694
Ian Harrison 146,103 1,218,384 392,908
Colin Kent 146,103 1,218,384 449,251
Christopher Taylor 146,103 1,208,920 370,116
Michael Rich 146,103 1,246,910 46,594
Leon Caruso 146,103 908,920 7,487
Stephen Gould 146,103 708,920 19,881
Mark Gibbings 121,753 414,927 20,367
Vesting of the Options is pro rata to the individual's achievement of a
variety of annual bonus targets for the current financial year, ending 29
February 2024, and vested Options are then subject to a further three-year
holding period before they can be exercised (until March 2027).
The Company's issued share capital consists of 348,945,522 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 ROBERT FORRESTER
2. Reason for the notification ISSUE OF OPTIONS
a) Position/status CEO
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 ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price Volume(s)
NIL 484,772
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 6 MARCH 2023
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
6 MARCH 2023
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name DAVID CRANE
2. Reason for the notification ISSUE OF OPTIONS
b) Position/status COO
c) 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 ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price Volume(s)
NIL 272,727
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 6 MARCH 2023
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
6 MARCH 2023
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name KAREN ANDERSON
2. Reason for the notification ISSUE OF OPTIONS
a) Position/status CFO
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 ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price Volume(s)
NIL 272,727
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 6 MARCH 2023
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
6 MARCH 2023
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name IAN HARRISON
2. Reason for the notification ISSUE OF OPTIONS
a) Position/status OPERATIONS DIRECTOR
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 ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
c) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 6 MARCH 2023
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
6 MARCH 2023
f)
Place of transaction
OUTSIDE A TRADING VENUE
5. Details of the person discharging managerial responsibilities/person closely
associated
b) Name COLIN KENT
6. Reason for the notification ISSUE OF OPTIONS
c) Position/status OPERATIONS DIRECTOR
d) Initial notification/Amendment INITIAL NOTIFICATION
7. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
c) Name VERTU MOTORS PLC
d) LEI 213800GIKJEIUIGMI575
8. 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
g) Description of the financial instrument, type of instrument identification ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
h) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
i) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
j) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
k) Date of the transaction 6 MARCH 2023
l) Place of transaction OUTSIDE A TRADING VENUE
j)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
k)
Date of the transaction
6 MARCH 2023
l)
Place of transaction
OUTSIDE A TRADING VENUE
9. Details of the person discharging managerial responsibilities/person closely
associated
c) Name CHRISTOPHER TAYLOR
10. Reason for the notification ISSUE OF OPTIONS
e) Position/status OPERATIONS DIRECTOR
f) Initial notification/Amendment INITIAL NOTIFICATION
11. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
e) Name VERTU MOTORS PLC
f) LEI 213800GIKJEIUIGMI575
12. 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
m) Description of the financial instrument, type of instrument identification ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
n) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
o) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
p) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
q) Date of the transaction 6 MARCH 2023
r) Place of transaction OUTSIDE A TRADING VENUE
p)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
q)
Date of the transaction
6 MARCH 2023
r)
Place of transaction
OUTSIDE A TRADING VENUE
13. Details of the person discharging managerial responsibilities/person closely
associated
d) Name MICHAEL RICH
14. Reason for the notification ISSUE OF OPTIONS
g) Position/status OPERATIONS DIRECTOR
h) Initial notification/Amendment INITIAL NOTIFICATION
15. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
g) Name VERTU MOTORS PLC
h) LEI 213800GIKJEIUIGMI575
16. 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
s) Description of the financial instrument, type of instrument identification ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
t) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
u) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
v) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
w) Date of the transaction 6 MARCH 2023
x) Place of transaction OUTSIDE A TRADING VENUE
v)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
w)
Date of the transaction
6 MARCH 2023
x)
Place of transaction
OUTSIDE A TRADING VENUE
17. Details of the person discharging managerial responsibilities/person closely
associated
e) Name LEON CARUSO
18. Reason for the notification ISSUE OF OPTIONS
i) Position/status OPERATIONS DIRECTOR
j) Initial notification/Amendment INITIAL NOTIFICATION
19. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
i) Name VERTU MOTORS PLC
j) LEI 213800GIKJEIUIGMI575
20. 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
y) Description of the financial instrument, type of instrument identification ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
z) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
aa) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
bb) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
cc) Date of the transaction 6 MARCH 2023
dd) Place of transaction OUTSIDE A TRADING VENUE
bb)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
cc)
Date of the transaction
6 MARCH 2023
dd)
Place of transaction
OUTSIDE A TRADING VENUE
21. Details of the person discharging managerial responsibilities/person closely
associated
f) Name STEPHEN GOULD
22. Reason for the notification ISSUE OF OPTIONS
k) Position/status OPERATIONS DIRECTOR
l) Initial notification/Amendment INITIAL NOTIFICATION
23. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
k) Name VERTU MOTORS PLC
l) LEI 213800GIKJEIUIGMI575
24. 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
ee) Description of the financial instrument, type of instrument identification ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
ff) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
gg) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
hh) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
ii) Date of the transaction 6 MARCH 2023
jj) Place of transaction OUTSIDE A TRADING VENUE
hh)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
ii)
Date of the transaction
6 MARCH 2023
jj)
Place of transaction
OUTSIDE A TRADING VENUE
25. Details of the person discharging managerial responsibilities/person closely
associated
g) Name MARK GIBBINGS
26. Reason for the notification ISSUE OF OPTIONS
m) Position/status OPERATIONS DIRECTOR
n) Initial notification/Amendment INITIAL NOTIFICATION
27. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
m) Name VERTU MOTORS PLC
n) LEI 213800GIKJEIUIGMI575
28. 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
kk) Description of the financial instrument, type of instrument identification ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
code
Identification code
GB00B1GK4645
ll) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN
mm) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
nn) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
oo) Date of the transaction 6 MARCH 2023
pp) Place of transaction OUTSIDE A TRADING VENUE
nn)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
oo)
Date of the transaction
6 MARCH 2023
pp)
Place of transaction
OUTSIDE A TRADING VENUE
- 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
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 191 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 187 franchised sales outlets and 4
non-franchised sales operations from 142 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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