REG - Vertu Motors PLC - PDMR Share Purchase

Vertu MotorsAnnouncement

24/05/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220524:nRSX5178Ma&default-theme=true

RNS Number : 5178M  Vertu Motors PLC  24 May 2022

24 May 2022

Vertu Motors plc

(the "Company")

PDMR Share Purchase

 

The Company announces that Christopher Taylor, a person discharging managerial
responsibility in the Company, has purchased ("Dealing") ordinary shares of
10p each in the capital of the Company ("Ordinary Shares").

The Dealing took place on 20 May 2022 at a price of 54.37 pence per Ordinary
Share.

 

                     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*

 PDMR
 Christopher Taylor  312,813                                                      0.09%                                            27,565                            340,378                                                             0.10%

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

The Company's issued share capital consists of 355,843,663 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                                                                        CHRISTOPHER TAYLOR
 2.              Reason for the notification                                                 PURCHASE 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                                                   PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC INTO A SHARE
                                                                                             TRADING ACCOUNT.
 h)              Price(s) and volume(s)

Price   Volume(s)
                 0.5437  27,565
 i)              Aggregated information                                                      NOT APPLICABLE - SINGLE TRANSACTION

                 -Aggregated volume

                 - Price
 j)              Date of the transaction                                                     20 MAY 2022
 k)              Place of transaction                                                        LONDON STOCK EXCHANGE, AIM

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

20 MAY 2022

k)

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- Ends -

 

For further information please contact:

 Vertu Motors plc
 Robert Forrester, CEO  Tel: 0191 491 2121
 Karen Anderson, CFO    Tel: 0191 491 2121
 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 fifth largest automotive retailer in the UK with a network
of 160 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 156 franchised sales outlets and 4
non-franchised sales operations from 121 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring
experience through honesty and trust".

Vertu Motors Group websites - investors.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk /
www.macklinmotors.co.uk / www.vertumotorcycles.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHKXLFLLELXBBF