REG - Vertu Motors PLC - PDMR Share Purchase <Origin Href="QuoteRef">VTU.L</Origin>

Vertu MotorsAnnouncement

04/08/2016 17:30

RNS Number : 3235G
Vertu Motors PLC
04 August 2016
4 August 2016
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Share Purchase 
Vertu Motors announces that it was notified on 4 August 2016, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by persons discharging managerial responsibility in the Company. The Dealings took place on 4 August 2016 pursuant to the Company's Share Incentive Plan at a price of 46.975p per Ordinary Share:
PDMR
Beneficial holding of Ordinary Shares prior to the Dealing*
% of issued share capital prior to the Dealing*
Ordinary Shares acquired by PDMR
Resultant Beneficial holding of Ordinary Shares after the Dealing*
Resultant % of issued share capital after the Dealing*
Robert Forrester
6,778,888
1.71
3,831
6,782,719
1.71
Michael Sherwin
424,466
0.11
3,832
428,298
0.11
Karen Anderson
753,095
0.19
3,831
756,926
0.19
Ian Harrison
159,323
0.04
3,832
163,155
0.04
*includes shares held by the PDMR's PCAs.
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
ACQUISITION OF SHARES
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 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
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
c)
Price(s) and volume(s)
Price
Volume(s)
0.46975
3831
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
4 AUGUST 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
5.
Details of the person discharging managerial responsibilities/person closely associated
b)
Name
MICHAEL SHERWIN
6.
Reason for the notification
ACQUISITION OF SHARES
c)
Position/status
CFO
d)
Initial notification/Amendment
INITIAL NOTIFICATION
7.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
c)
Name
VERTU MOTORS PLC
d)
LEI
213800GIKJEIUIGMI575
8.
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
g)
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
h)
Nature of the transaction
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
i)
Price(s) and volume(s)
Price
Volume(s)
0.46975
3832
j)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
k)
Date of the transaction
4 AUGUST 2016
l)
Place of transaction
LONDON STOCK EXCHANGE, AIM
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
9.
Details of the person discharging managerial responsibilities/person closely associated
c)
Name
KAREN ANDERSON
10.
Reason for the notification
ACQUISITION OF SHARES
e)
Position/status
COMPANY SECRETARY
f)
Initial notification/Amendment
INITIAL NOTIFICATION
11.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
e)
Name
VERTU MOTORS PLC
f)
LEI
213800GIKJEIUIGMI575
12.
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
m)
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
n)
Nature of the transaction
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
o)
Price(s) and volume(s)
Price
Volume(s)
0.46975
3831
p)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
q)
Date of the transaction
4 AUGUST 2016
r)
Place of transaction
LONDON STOCK EXCHANGE, AIM
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
13.
Details of the person discharging managerial responsibilities/person closely associated
d)
Name
IAN HARRISON
14.
Reason for the notification
ACQUISITION OF SHARES
g)
Position/status
OPERATIONS DIRECTOR
h)
Initial notification/Amendment
INITIAL NOTIFICATION
15.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
g)
Name
VERTU MOTORS PLC
h)
LEI
213800GIKJEIUIGMI575
16.
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
s)
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
t)
Nature of the transaction
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC,PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN
u)
Price(s) and volume(s)
Price
Volume(s)
0.46975
3832
v)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
w)
Date of the transaction
4 AUGUST 2016
x)
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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