REG - Vertu Motors PLC - Board Appointment

Vertu MotorsAnnouncement

26/07/2018 07:05

RNS Number : 7903V
Vertu Motors PLC
26 July 2018
 


26 July 2018
Vertu Motors plc ("Vertu Motors" or the "Group")
 
Board Appointment
 
Vertu Motors plc, the automotive retailer with a network of 125 sales outlets across the UK, is pleased to announce the appointment of Mr. David Paul Crane (aged 50), as an Executive Director of the Company with immediate effect.
 
David joined Vertu Motors at its inception in 2007 and has 25 years of experience in the automotive sector, both with manufacturers and retailers. David is currently the Group's Chief Operations Officer, having been appointed to this role in 2017.  Prior to joining Vertu Motors, David was Commercial Director of Reg Vardy plc. In his position at Vertu Motors, David is responsible for the management and running of the Group's operations infrastructure, including all of the central aftersales support, IT, purchasing, fleet sales and ancillary business activities as well as two operational franchised dealership divisions.
 
Robert Forrester, CEO of Vertu Motors said:
 
"David is a key member of the team which has built Vertu Motors from an idea 12 years ago to the reality of being the UK's sixth largest automotive retailer.  David has been instrumental in the operational and strategic development of the Group and the Board will be strengthened by his appointment."
 
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
 
David holds 158,397 ordinary shares of 10p each in the Group ("Ordinary Shares") and 760,000 share options over Ordinary Shares. As part of the Group's long-term incentive plan ("LTIP"), David has been granted 222,331 share options over Ordinary Shares, which have not yet vested and remain subject to certain performance criteria and 53,583 share options over Ordinary Shares which have vested but not yet been exercised.
 
David holds, or has held in the past 5 years, the directorships and partnerships that are listed below:
 



Current Directorships or Partnerships:


Previous Directorships or Partnerships:




Aceparts Limited


N/A




Albert Farnell Limited


 




All Car Parts Limited


 




Blacks Autos Limited


 




Blake Holdings Limited


 




Boydslaw 103 Limited


 




Bristol Street Commercials (Italia) Limited


 




Bristol Street Fifth Investments Limited


 




Bristol Street First Investments Limited


 




Bristol Street Fourth Investments Limited


  




Bristol Street Group Limited


  




Brookside (1998) Limited


 




Compare Click Call Limited


 




Dobies (Carlisle) Limited


 




Dunfermline Autocentre Limited


 




Easy Vehicle Finance Limited


 




Gordon Lamb Group Limited


 




Gordon Lamb Holdings Limited


 




Gordon Lamb Limited


 




Grantham Motor Company Limited


 




Greenoaks (Maidenhead) Limited


 




Hillendale Group Limited


 




Hillendale LR Limited


 




Hughes Group Holdings Limited


 




Hughes of Beaconsfield Limited


 




International Concessionaires Limited


 




KC Mobility Solutions Limited


 




Macklin Property Limited


 




Motor Nation Car Hypermarkets Limited


 




Newbolds Garage (Mansfield) Limited


 




Northolme Properties Limited


 




SHG Holdings Limited


 




Sigma Holdings Limited


 




South Hereford Garages Limited


 




The Taxi Centre Limited


 




Typocar Limited


 




Vertu Fleet Limited


 




Vertu Motors (Chingford) Limited


 




Vertu Motors (Durham) Limited


 




Vertu Motors (Knaresborough) Limited


 




Vertu Motors (Pity Me) Limited


 




Vertu Motors (Property 2) Holdings Limited


 




Vertu Motors (Property) Limited


 




Vertu Motors (Retail) Limited


 




Vertu Motors (VMC) Limited


 




Vertu Motors Property 2 Holdings Limited


 




Vertu Motors Third Limited


 




Why Pay More For Cars Limited


 




Widnes Car Centre (1994) Limited


 




Widnes Car Centre Limited


 



 
Save as disclosed above, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
 
 
 
For further information please contact:
 



Vertu Motors plc

Robert Forrester, CEO

Michael Sherwin, CFO


Tel: 0191 491 2111

Tel: 0191 491 2112




Canaccord Genuity Limited
Chris Connors
Henry Fitzgerald-O'Connor
Richard Andrews


Tel: 020 7523 8000




 
Zeus Capital Limited

Dominic King


Tel: 020 3829 5000




 
Camarco
Billy Clegg
Tom Huddart


Tel: 020 3757 4983



 
Notes to Editors
Vertu Motors, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK.  Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell 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 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.
Vertu Motors Group websites - www.vertumotors.com / www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com
 




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