REG - Vertu Motors PLC - PDMR Share Purchase
RNS Number : 2170PVertu Motors PLC24 May 201824 May 2018
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Share Purchase
Vertu Motors announces that it was notified on 24 May 2018, of the following dealing ("Dealing") in ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") by Christopher Taylor, Operations Director, who, whilst not a statutory director of the Company, is considered to be a person discharging managerial responsibility in the Company. The Dealing took place on 18 May 2018 at a price of 44p per Ordinary Share.
PDMR
Beneficial interest in Ordinary Shares prior to the Dealing*
Beneficial interest as % of issued share capital prior to the Dealing*
Ordinary Shares acquired by PDMR
Resultant beneficial interest in Ordinary Shares after the Dealing*
Resultant beneficial interest as % of issued share capital after the Dealing*
Christopher Taylor
258,568
0.07
4,400
262,968
0.07
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 379,292,049 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
CHRISTOPHER TAYLOR
2.
Reason for the notification
ACQUISITION OF SHARES
a)
Position/status
OPERATIONS DIRECTOR
b)
Initial notification/Amendment
INITIAL NOTIFICATION
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
VERTU MOTORS PLC
b)
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
a)
Description of the financial instrument, type of instrument identification code
Identification code
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645
b)
Nature of the transaction
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC INTO A SHARE TRADING ACCOUNT BY THE EXERCISE OF A SHARE OPTION
c)
Price(s) and volume(s)
Price
Volume(s)
£0.44
4,400
d)
Aggregated information
-Aggregated volume
- Price
NOT APPLICABLE - SINGLE TRANSACTION
e)
Date of the transaction
18 MAY 2018
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFOTel: 0191 491 2111
Tel: 0191 491 2112Canaccord Genuity Limited
Chris Connors
Henry Fitzgerald-O'ConnorRichard Andrews
Tel: 020 7523 8000
Zeus Capital Limited
Dominic KingTel: 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 121 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 118 franchised sales outlets and 3 non-franchised sales operations from 104 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
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 or visit www.rns.com.ENDDSHFZLFLVEFEBBE
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