REG - Vertu Motors PLC - Notification of Directors’ and PDMRs’ interests
12/03/2024 15:30
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RNS Number : 5746G Vertu Motors PLC 12 March 2024
12 March 2024
Vertu Motors plc
(the "Company")
Notification of Directors' and PDMRs' interests
The Company announces that it 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 on the date prior to the
date of grant. The Options were issued on 05 March 2024 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 426,600 1,873,261 7,489,518
David Crane 240,000 1,553,874 481,462
Karen Anderson 240,000 1,553,874 1,166,637
Colin Kent 128,571 1,167,144 449,251
Christopher Taylor 128,571 1,337,491 373,059
Michael Rich 128,571 1,373,853 49,537
Leon Caruso 128,571 867,144 10,430
Stephen Gould 128,571 837,491 30,493
Mark Gibbings 107,142 522,069 23,310
Anthony Masterson 107,142 261,818 57,412
Tom Garratt 96,428 251,092 34,508
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 28
February 2025, and vested Options are then subject to a further three-year
holding period before they can be exercised (until March 2028).
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.
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 426,600
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
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 240,000
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
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 240,000
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name COLIN KENT
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 128,571
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name CHRISTOPHER TAYLOR
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 128,571
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name MICHAEL RICH
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 128,571
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name LEON CARUSO
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 128,571
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name STEPHEN GOULD
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 128,571
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name MARK GIBBINGS
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 107,142
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name ANTHONY MASTERSON
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 107,142
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name TOM GARRATT
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 96,428
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 5 MARCH 2024
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
5 MARCH 2024
f)
Place of transaction
OUTSIDE A TRADING VENUE
- ENDS -
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 4983
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in the UK with a
network of 188 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 184 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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