REG - Vertu Motors PLC - Notification of PDMR interests

Vertu MotorsAnnouncement

29/05/2025 07:00

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RNS Number : 5059K  Vertu Motors PLC  29 May 2025

29 May 2025

 

Vertu Motors plc

 

(the "Company")

 

Notification of PDMR interests

 

The Company announces that it was notified on 28 May 2025 that Colin Kent, a
person discharging managerial responsibility in the Company, had exercised
nil-cost options over 236,220 ordinary shares of 10p each in the Company
("Ordinary Shares") on 27 May 2025, that were issued in March 2021 under the
Vertu Long Term Incentive Plan. The option exercise was satisfied via a
transfer of Ordinary Shares from the Company's Employee Benefit Trust.

 

The Company has also been notified that Colin Kent sold all of the 236,220
Ordinary Shares acquired.  The sale took place on 28 May 2025 at a price of
65.2000 pence per Ordinary Share.

 

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

 PDMR
 Colin Kent  449,251                                                             0.14%                                                   0                                 449,251                                                                    0.14%

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

The Company's issued share capital consists of 325,822,174 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                                                                        COLIN KENT
 2.          Reason for the notification                                                 ACQUISITION OF SHARES
 b)          Position/status                                                             OPERATIONS DIRECTOR
 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)

                   NIL                236,220

 i)          Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

             -Aggregated volume

             - Price
 j)          Date of the transaction                                                     28 MAY 2025
 k)          Place of transaction                                                        OFF MARKET

 

 

 1.          Details of the person discharging managerial responsibilities/person closely
             associated
 a)          Name                                                                        COLIN KENT
 2.          Reason for the notification                                                 SALE OF SHARES
 b)          Position/status                                                             OPERATIONS DIRECTOR
 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                                                   SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO
                                                                                         THE COMPANY'S LONG TERM INCENTIVE PLAN
 h)          Price(s) and volume(s)

             0.652000              236,220

 i)          Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

             -Aggregated volume

             - Price
 j)          Date of the transaction                                                       28 MAY 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

 Shore Capital (Joint Broker)                 Tel: +44 (0) 207 408 4090
 Mark Percy / Sophie Collins (Corporate Advisory)
 Isobel Jones (Corporate Broking)

 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 198 sales outlets across the UK.

 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 195 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.vertuhonda.com (http://www.vertuhonda.com) / www.vertutoyota.com
 (http://www.vertutoyota.com) / www.vertumotorcycles.com
 (http://www.vertumotorcycles.com)

 

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