REG - Vertu Motors PLC - Director/PDMR Shareholding

Vertu MotorsAnnouncement

03/06/2020 12:20

RNS Number : 8418O
  
Vertu Motors PLC
  
03 June 2020
  
 

3 June 2020
Vertu Motors plc
(the "Company")
Notification of Director's interests
 
Vertu Motors plc announces that the Robert Forrester, director and CEO, has purchased ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") into his SIPP scheme.  
The purchase took place on 3 June 2020 at a price of 30.2 pence per Ordinary Share.
 



 
 
 
PDMR


Beneficial holding of Ordinary Shares prior to the Dealings*


% of issued share capital prior to the Dealings*


Ordinary Shares acquired by PDMR


Resultant Beneficial holding of Ordinary Shares after the Dealings*


Resultant % of issued share capital after the Dealings*




Robert Forrester


7,071,465


1.91%


102,649


7,174,114


1.94%



* includes shares held by persons closely associated with the PDMR.
The Company's issued share capital consists of 369,173,981 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


ROBERT FORRESTER




2.       


Reason for the notification


PURCHASE OF SHARES




b)     


Position/status


CEO




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 code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




g)      


Nature of the transaction


PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC INTO SIPP SCHEME.




h)       


Price(s) and volume(s)
 



Price


Volume(s)




0.302


102,649








i) 


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j) 


Date of the transaction


3 JUNE 2020




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
Andrew Jones
Dominic King


Tel: 020 3829 5000




Camarco








Billy Clegg
Tom Huddart 


Tel: 020 3757 4983



 
 
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 133 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 130 franchised sales outlets and 3 non-franchised sales operations from 110 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.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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