REG - Vertu Motors PLC - Board Changes

Vertu MotorsAnnouncement

01/03/2019 07:05

RNS Number : 4833R
Vertu Motors PLC
01 March 2019
 


1 March 2019
Vertu Motors plc ("Vertu Motors" or the "Company")
 
Board Appointment
 
Further to the announcement of Directorate changes made on 13 December 2018, Vertu Motors plc, the automotive retailer with a network of 125 sales outlets across the UK, is pleased to confirm the appointment of Karen Anderson (aged 47), as Chief Financial Officer and as a Director of the Company with immediate effect.  Michael Sherwin has stepped down as CFO and director of the Company from the same date. 
 
The Company also announces that Karen Anderson has stepped down as Company Secretary with effect from 1 March 2019 and been replaced by Nicola Loose, who will take up the role in addition to her current role as the Company's General Counsel. 
 
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
 
Karen, together with her PCAs, holds 848,312 ordinary shares of 10p each in the Company ("Ordinary Shares") and 930,000 share options over Ordinary Shares. As part of the Company's long-term incentive plan ("LTIP"), Karen has been granted 222,331 share options over Ordinary Shares which have not yet vested and remain subject to certain performance criteria.
 
Karen 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


Alpha Ilford




Albert Farnell Limited


Seton House Manchester Limited




All Car Parts Limited
Best 4 Vans Limited


Alpha Shirley
Dispose Seton (No 2)




Blacks Autos Limited


Motor Parks Limited




Blake Holdings Limited


Alpha Birmingham




Boydslaw 103 Limited


Alpha Nottingham




Bristol Street Limited
Bristol Street Commercials (Italia) Limited


Alpha Bromley
Alpha Jessups Limited




Bristol Street Fifth Investments Limited


Alpha Leeds




Bristol Street First Investments Limited


Alpha Huddersfield




Bristol Street Fleet Services Limited
Bristol Street Fourth Investments Limited


Alpha Banbury
Alpha Southampton




Bristol Street Group Limited
Bristol Street (No.1) Limited
Bristol Street (No.2) Limited


Alpha Worcester
Alpha Cramlington Limited
Alpha Poole




Brookside (1998) Limited
BSH Pension Trustee Limited
CarsandVansDirect Limited


Alpha Newcastle
Alpha Stourbridge
Alpha Romford




Compare Click Call Limited


Jessups Motor Group




Dobies (Carlisle) Limited


Fleet Datascan Limited




Dunfermline Autocentre Limited


Alpha Stamford




Easy Vehicle Finance Limited


Alpha Bournemouth Limited




Gordon Lamb Group Limited
Gordon Lamb Holdings Limited


Alpha Stanley Limited
Alpha Sunderland




Gordon Lamb Limited


Alpha Stamford Hill Limited




Grantham Motor Company Limited


Alpha Parts




Hillendale Group Limited


Alpha Ruislip




Hillendale LR Limited
Horseshoe Vehicle Contracts Limited


Alpha Sherwood
Alpha Cheltenham




Hughes Group Holdings Limited


Milehire Limited




Hughes of Beaconsfield Limited


 




International Concessionaires Limited


 




KC Mobility Solutions Limited


 




Macklin Property Limited
Merifield Properties Limited


 




Motor Nation Car Hypermarkets Limited


 




National Allparts Limited
Newbolds Garage (Mansfield) Limited
Peter Blake Limited
Peter Blake (Chatsworth) Limited
Peter Blake (Clumber) Limited


 




SHG Holdings Limited


 




Sigma Holdings Limited


 




South Hereford Garages Limited


 




The Taxi Centre Limited
Tyne Tees Finance Limited


 




Typocar Limited
Vanman Limited
Vans Direct Limited


 




Vertu Fleet Limited


 




Vertu Motors (AMC) Limited
Vertu Motors (Chingford) Limited
Vertu Motors (Continental) Limited


 




Vertu Motors (Durham) Limited


 




Vertu Motors (Finance) Limited
Vertu Motors (Knaresborough) Limited


 




Vertu Motors (Pity Me) Limited


 




Vertu Motors (Property 2) Limited


 




Vertu Motors (Property) Limited


 




Vertu Motors (Retail) Limited


 




Vertu Motors (VMC) Limited


 




Vertu Motors Property 2 Holdings Limited


 




Vertu Motors Third Limited
Vertu Ventures 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


Tel: 0191 491 2111




Karen Anderson, CFO


Tel: 0191 491 2103



Zeus Capital Limited



Nicholas How


Tel: 020 3829 5000




Andrew Jones


 




Dominic King


 



 
Camarco



Billy Clegg


Tel: 020 3757 4983




Tom Huddart


 



 
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 Company will continue to acquire motor retail operations to grow a scaled dealership group.  The Company's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Company currently operates 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.
Vertu Motors Company 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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