REG - Vertu Motors PLC - Notification of Directors' interests <Origin Href="QuoteRef">VTU.L</Origin>

Vertu MotorsAnnouncement

06/09/2016 07:07

RNS Number : 0079J
Vertu Motors PLC
06 September 2016
6 September 2016 
Vertu Motors plc
(the "Company")
Notification of Directors' interests
The Remuneration Committee of the Company approved grants of nil-cost options over ordinary shares of 10p each in the Company ("Ordinary Shares") to persons discharging managerial responsibility in the Company, under the Vertu 2013 Long Term Incentive Plan, amended as approved by the Company's shareholders at its annual general meeting on 20 July 2016 ("LTIP Options"). The LTIP Options were issued as detailed below on 5 September 2016:
PDMR
Number of Ordinary Shares subject to the LTIP Options**
Resultant number of Ordinary Shares subject to options
Beneficial holding
of Ordinary Shares
excluding options*
Robert Forrester
289,854
1,288,661
6,782,719
Michael Sherwin
217,391
966,497
428,298
David Crane
108,695
962,062
154,137
Karen Anderson
108,695
911,468
756,926
Ian Harrison
108,695
997,062
163,155
Colin Kent
108,695
892,062
367,740
Mike Rich
108,695
922,062
7,346
Chris Taylor
108,695
803,223
189,281
Jatinder Aujla
108,695
462,062
11,632
Tim Tozer
108,695
108,695
13,000
*includes shares held by persons closely associated with the PDMR.
**includes a CSOP option in respect of 60,301 Ordinary Shares which may be exercised instead of 60,301 of the LTIP Options. 
Vesting of the LTIP Options is dependent upon the total shareholder return and return on equity achieved by the Company over a three year performance period commencing on 1 March 2016. The LTIP Options are then subject to a further two year holding period.
The Company's issued share capital consists of 397,269,839 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
ACCEPTANCE OF OPTION
b) 
Position/status
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
g) 
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
h) 
Price(s) and volume(s)
Price
Volume(s)
NIL
289,854
i) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j) 
Date of the transaction
5 SEPTEMBER 2016
k) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
MICHAEL SHERWIN
2. 
Reason for the notification
ACCEPTANCE OF OPTION
b) 
Position/status
CFO
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
g) 
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
h) 
Price(s) and volume(s)
Price
Volume(s)
NIL
217,391
i) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j) 
Date of the transaction
5 SEPTEMBER 2016
k) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
DAVID CRANE
2. 
Reason for the notification
ACCEPTANCE OF OPTION
b) 
Position/status
CHIEF OPERATIONS OFFICER
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
g) 
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
h) 
Price(s) and volume(s)
Price
Volume(s)
NIL
108,695
i) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j) 
Date of the transaction
5 SEPTEMBER 2016
k) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
KAREN ANDERSON
2. 
Reason for the notification
ACCEPTANCE OF OPTION
b) 
Position/status
COMPANY SECRETARY
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES GB00B1GK4645
g) 
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
h) 
Price(s) and volume(s)
Price
Volume(s)
NIL
108,695
i) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j) 
Date of the transaction
5 SEPTEMBER 2016
k) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
IAN HARRISON
2. 
Reason for the notification
ACCEPTANCE OF OPTION
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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
108,695
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
5 SEPTEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
COLIN KENT
2. 
Reason for the notification
ACCEPTANCE OF OPTION
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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
108,695
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
5 SEPTEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
MIKE RICH
2. 
Reason for the notification
ACCEPTANCE OF OPTION
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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
108,695
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
5 SEPTEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
JATINDER AUJLA
2. 
Reason for the notification
ACCEPTANCE OF OPTION
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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
108,695
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
5 SEPTEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
CHRIS TAYLOR
2. 
Reason for the notification
ACCEPTANCE OF OPTION
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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
108,695
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
5 SEPTEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
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
TIM TOZER
2. 
Reason for the notification
ACCEPTANCE OF OPTION
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 code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
IDENTIFICATION CODE FOR VERTU MOTORS PLC ORDINARY SHARES 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
108,695
d) 
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e) 
Date of the transaction
5 SEPTEMBER 2016
f) 
Place of transaction
LONDON STOCK EXCHANGE, AIM
- Ends -
For further information please contact:
Vertu Motors plc

Robert Forrester, CEO
Tel: 0191 491 2111
Michael Sherwin, FD
Tel: 0191 491 2114
Liberum 
Peter Tracey
Tel: 020 3100 2000
Richard Crawley 
Jamie Richards
Zeus Capital Limited 
Adam Pollock 
Tel: 020 7533 7727 
Camarco 
Billy Clegg 
Tel: 020 3757 4983 
Georgia Mann

Tom Huddart

Notes to Editors 
Vertu, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 132 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell, South Hereford Garages and Macklin Motors brand names. 
Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 129 franchised sales outlets and 3 non-franchised sales operations from 109 locations across the UK.
Vertu Group websites - www.vertumotors.com / www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.southherefordgarages.co.uk / www.vertumercedes-benz.com

This information is provided by RNS
The company news service from the London Stock Exchange
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