REG - Vertu Motors PLC - Notification of Directors’ and PDMRs’ interests
05/03/2025 07:00
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RNS Number : 3445Z Vertu Motors PLC 05 March 2025
5 March 2025
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 4 March 2025 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 611,321 2,110,513 5,491,740
David Crane 344,151 1,687,578 286,948
Karen Anderson 344,151 1,687,578 1,168,859
Colin Kent 169,811 1,306,493 449,251
Christopher Taylor 169,811 1,483,776 335,280
Leon Caruso 169,811 1,000,101 12,651
Stephen Gould 169,811 813,214 32,714
Mark Gibbings 169,811 590,124 25,532
Anthony Masterson 169,811 431,629 72,547
Tom Garratt 169,811 420,903 36,729
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 2026, and vested Options are then subject to a further three-year
holding period before they can be exercised (until March 2029).
The Company's issued share capital consists of 330,101,763 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 611,321
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 344,151
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 344,151
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
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 169,811
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
e) Date of the transaction 4 MARCH 2025
f) Place of transaction OUTSIDE A TRADING VENUE
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 MARCH 2025
f)
Place of transaction
OUTSIDE A TRADING VENUE
- ENDS -
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Phil Clark, Investor Relations
Stifel (Nominated Adviser and Broker) Tel: +44 (0) 207 710 7688
Matthew Blawat
Nick Harland
Camarco Tel: +44 (0) 203 757 4980
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in the UK with a
network of 199 sales outlets across the UK. Its dealerships operate
predominantly under the Bristol Street Motors and Vertu 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 196 franchised sales outlets and 3
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.vertumotorcycles.com (http://www.vertumotorcycles.com)
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