REG - Vertu Motors PLC - Notification of Directors' interests

Vertu MotorsAnnouncement

09/09/2019 07:05

RNS Number : 5828L
Vertu Motors PLC
09 September 2019
 


9 September 2019
Vertu Motors plc
(the "Company")
Notification of Directors' interests
 
Vertu Motors announces that the following directors and other persons discharging managerial responsibility in the Company, have exercised nil-cost options over Ordinary Shares under LTIP Options issued in 2016 and received Ordinary Shares on 5 September 2019.
The Company has also been notified that David Crane, a director and PDMR, has sold 18,997 of the 40,337 Ordinary Shares exercised, to satisfy the resultant income tax and National Insurance liability, and that Colin Kent and Christopher Taylor, both PDMRs, have each sold 18,997 of the 40,337 Ordinary Shares exercised to satisfy the resultant income tax and National Insurance liability.  The sales took place on 5 September 2019 at a price of 34.35 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


6,963,900


1.88%


107,565


7,071,465


1.91%




Karen Anderson


852,702


0.23%


40,337


893,039


0.24%




David Crane


166,330


0.05%


21,340


187,670


0.05%




Colin Kent


421,323


0.11%


21,340


442,663


0.12%




Christopher Taylor


270,901


0.07%


21,340


292,241


0.08%



* includes shares held by persons closely associated with the PDMR.
** net amount after the sales to satisfy tax and NI liability
The Company's issued share capital consists of 369,343,337 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


EXERCISE OF LTIP OPTIONS




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


EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)      


Price(s) and volume(s)
 



Price


Volume(s)




NIL


107,565








i)


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)


Date of the transaction


5 SEPTEMBER 2019




k)      


Place of transaction


LONDON STOCK EXCHANGE, AIM



 
 



1.    


Details of the person discharging managerial responsibilities/person closely associated




a)    


Name


KAREN ANDERSON




2.    


Reason for the notification


EXERCISE OF LTIP OPTIONS




b)    


Position/status


CFO




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


EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)    


Price(s) and volume(s)
 



Price


Volume(s)




NIL


40,337








i)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)     


Date of the transaction


5 SEPTEMBER 2019




k)     


Place of transaction


LONDON STOCK EXCHANGE, AIM



 
 



1.    


Details of the person discharging managerial responsibilities/person closely associated




a)    


Name


DAVID CRANE




2.    


Reason for the notification


EXERCISE OF LTIP OPTIONS




b)    


Position/status


COO




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


EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)    


Price(s) and volume(s)
 



Price


Volume(s)




NIL


40,337








i)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)     


Date of the transaction


5 SEPTEMBER 2019




k)     


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.    


Details of the person discharging managerial responsibilities/person closely associated




a)    


Name


COLIN KENT




2.    


Reason for the notification


EXERCISE OF LTIP OPTIONS




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 code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




g)    


Nature of the transaction


EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)    


Price(s) and volume(s)
 



Price


Volume(s)




NIL


40,337








i)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)     


Date of the transaction


5 SEPTEMBER 2019




k)     


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.    


Details of the person discharging managerial responsibilities/person closely associated




a)    


Name


CHRISTOPHER TAYLOR




2.    


Reason for the notification


EXERCISE OF LTIP OPTIONS




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 code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




g)    


Nature of the transaction


EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)    


Price(s) and volume(s)
 



Price


Volume(s)




NIL


40,337








i)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)     


Date of the transaction


5 SEPTEMBER 2019




k)     


Place of transaction


LONDON STOCK EXCHANGE, AIM



 
 
 



1.    


Details of the person discharging managerial responsibilities/person closely associated




a)    


Name


DAVID CRANE




2.    


Reason for the notification


SALE OF SHARES




b)    


Position/status


COO




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


SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)    


Price(s) and volume(s)
 



Price


Volume(s)




0.3435


18,997








i)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)     


Date of the transaction


5 SEPTEMBER 2019




k)     


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.    


Details of the person discharging managerial responsibilities/person closely associated




a)    


Name


COLIN KENT




2.    


Reason for the notification


SALE 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 code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




g)    


Nature of the transaction


SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




h)    


Price(s) and volume(s)
 



Price


Volume(s)




0.3435


18,997








i)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




j)     


Date of the transaction


5 SEPTEMBER 2019




k)     


Place of transaction


LONDON STOCK EXCHANGE, AIM



 



1.    


Details of the person discharging managerial responsibilities/person closely associated




l)     


Name


CHRISTOPHER TAYLOR




2.    


Reason for the notification


SALE OF SHARES




m)   


Position/status


OPERATIONS DIRECTOR




n)    


Initial notification/Amendment


INITIAL NOTIFICATION




3.    


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




o)    


Name


VERTU MOTORS PLC




p)    


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




q)    


Description of the financial instrument, type of instrument identification code
 
Identification code


ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
 
 
GB00B1GK4645




r)     


Nature of the transaction


SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN




s)    


Price(s) and volume(s)
 



Price


Volume(s)




0.3435


18,997








t)     


Aggregated information
 
-Aggregated volume
 
- Price


NOT APPLICABLE - SINGLE TRANSACTION




u)    


Date of the transaction


5 SEPTEMBER 2019




v)    


Place of transaction


LONDON STOCK EXCHANGE, AIM



 
- Ends -
For further information please contact:
 



Vertu Motors plc

Robert Forrester, CEO

Karen Anderson, CFO


Tel: 0191 491 2111

Tel: 0191 491 2112




 
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 123 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 120 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust". 
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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