REG - Vertu Motors PLC - Notification of Directors’ interests

Vertu MotorsAnnouncement

11/03/2025 07:15

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RNS Number : 0692A  Vertu Motors PLC  11 March 2025

11 March 2025

 

Vertu Motors plc

 

(the "Company")

 

Notification of Directors' interests

 

The Company announces that it was notified on 10 March 2025 that Robert
Forrester and Karen Anderson, each directors of the Company, had exercised
nil-cost options over ordinary shares of 10p each in the Company ("Ordinary
Shares") on 10 March 2025, that were issued in March 2021 under the Vertu Long
Term Incentive Plan. The option exercises were satisfied via transfers of
Ordinary Shares from the Company's Employee Benefit Trust.

 

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

 Director
 Robert Forrester  5,491,740                                                           1.67%                                                   443,451                               5,935,191                                                                  1.80%
 Karen Anderson    1,168,859                                                           0.35%                                                   249,480                               1,418,339                                                                  0.43%

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

The Company's issued share capital consists of 329,602,905 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                                                                        ROBERT FORRESTER
 2.          Reason for the notification                                                 ACQUISITION OF SHARES
 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  ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
             code

             Identification code

                                                                                         GB00B1GK4645
 g)          Nature of the transaction                                                   EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
                                                                                         PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN, RESULTING IN THE TRANSFER
                                                                                         OF SHARES FROM THE COMPANY'S EBT
 h)          Price(s) and volume(s)

Price  Volume(s)
             NIL    443,451
 i)          Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

             -Aggregated volume

             - Price
 j)          Date of the transaction                                                     10 MARCH 2025
 k)          Place of transaction                                                        OFF MARKET

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

10 MARCH 2025

k)

Place of transaction

OFF MARKET

 

 

 1.          Details of the person discharging managerial responsibilities/person closely
             associated
 a)          Name                                                                        KAREN ANDERSON
 2.          Reason for the notification                                                 ACQUISITION OF SHARES
 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  ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
             code

             Identification code

                                                                                         GB00B1GK4645
 g)          Nature of the transaction                                                   EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,
                                                                                         PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN, RESULTING IN THE TRANSFER
                                                                                         OF SHARES FROM THE COMPANY'S EBT
 h)          Price(s) and volume(s)

Price  Volume(s)
             NIL    249,480
 i)          Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

             -Aggregated volume

             - Price
 j)          Date of the transaction                                                      10 MARCH 2025
 k)          Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

 10 MARCH 2025

k)

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- 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 200 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 197 franchised sales outlets and 3
 non-franchised sales operations from 155 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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