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RNS Number : 2835P Vertu Motors PLC 08 February 2023
08 February 2023
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 07 February 2023 that Stephen
Gould, a person discharging managerial responsibility in the Company, had, on
06 February 2023, exercised options over 500,000 ordinary shares of 10p each
in the Company ("Ordinary Shares") that were issued in July 2018 (300,000
shares with an exercise price of 49.6 pence per Ordinary Share) and November
2018 (200,000 shares with an exercise price of 38.25 pence per Ordinary Share)
under the Company's Share Option Plan. The option exercises were satisfied via
a transfer of Ordinary Shares from the Company's Employee Benefit Trust.
The Company has also been notified that Stephen Gould sold all 500,000
Ordinary Shares received. The sale took place on 07 February 2023 at a price
of 59 pence per Ordinary Share.
Beneficial holding of Ordinary Shares prior to the Dealings* % of issued share capital prior to the Dealings* Ordinary Shares acquired by PDMR Resultant % of issued share capital after the Dealings*
Resultant Beneficial holding of Ordinary Shares after the Dealings*
PDMR
Stephen Gould 19,881 0.01% Nil 19,881 0.01%
* includes shares held by persons closely associated with the PDMR.
The Company's issued share capital consists of 348,945,522 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 STEPHEN GOULD
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 SHARE OPTION PLAN, RESULTING IN THE TRANSFER OF
SHARES FROM THE COMPANY'S EBT
h) Price(s) and volume(s)
Price Volume(s)
49.6 300,000
38.25 200,000
i) Aggregated information
-Aggregated volume 500,000
- Price 0.451
j) Date of the transaction 06 FEBRUARY 2023
k) Place of transaction OFF MARKET
i)
Aggregated information
-Aggregated volume
- Price
500,000
0.451
j)
Date of the transaction
06 FEBRUARY 2023
k)
Place of transaction
OFF MARKET
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name STEPHEN GOULD
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 SHARE OPTION PLAN
h) Price(s) and volume(s)
Price Volume(s)
0.5900 500,000
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
j) Date of the transaction 07 FEBRUARY 2023
k) Place of transaction LONDON STOCK EXCHANGE, AIM
i)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
j)
Date of the transaction
07 FEBRUARY 2023
k)
Place of transaction
LONDON STOCK EXCHANGE, AIM
- 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
Zeus Capital Limited
Jamie Peel Tel: 020 3829 5000
Andrew Jones
Dominic King
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 191 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 187 franchised sales outlets and 4
non-franchised sales operations from 141 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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