Vertu Motors PLC PDMR Share Purchase (6777D)

TIDMVTU

RNS Number : 6777D

Vertu Motors PLC

08 July 2016

8 July 2016

Vertu Motors plc ("Vertu Motors" or "Company")

PDMR Share Purchase -initial notification

Vertu Motors announces that it was notified on 6 July 2016, of the following acquisition ("Dealing") in the Company's ordinary shares of 10p each ("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 6 July 2016 at a price of 37.89p per Ordinary Share:

 
                  Beneficial                                 Resultant 
                     holding   % of issued                  Beneficial       Resultant 
                 of Ordinary         share                     holding     % of issued 
         PDMR         Shares       capital    Ordinary     of Ordinary           share 
                       prior         prior      Shares          Shares         capital 
                      to the        to the    acquired           after           after 
                    Dealing*      Dealing*     by PDMR    the Dealing*    the Dealing* 
-------------  -------------  ------------  ----------  --------------  -------------- 
 Christopher 
  Taylor             149,720          0.04      39,561         189,281            0.05 
-------------  -------------  ------------  ----------  --------------  -------------- 
 

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 397,269,839 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 CLOSLEY 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               ORDINARY SHARES OF 10p 
         financial instrument,            EACH IN VERTU MOTORS PLC 
         type of instrument               IDENTIFICATION CODE FOR 
         identification code              VERTU MOTORS PLC ORDINARY 
         Identification code              SHARES GB00B1GK4645 
-----  -------------------------------  ----------------------------- 
  b)    Nature of the transaction        PURCHASE OF ORDINARY SHARES 
                                          OF 10p EACH IN VERTU MOTORS 
                                          PLC 
-----  -------------------------------  ----------------------------- 
  c)    Price(s) and volume(s) 
          Price        Volume(s) 
         -----------  ---------- 
          GBP0.3789    39,561 
         -----------  ---------- 
-----  -------------------------------------------------------------- 
  d)    Aggregated information           NOT APPLICABLE - SINGLE 
         -Aggregated volume               TRANSACTION 
         - Price 
-----  -------------------------------  ----------------------------- 
  e)    Date of the transaction          6 JULY 2016 
-----  -------------------------------  ----------------------------- 
  f)    Place of transaction             AIM 
-----  -------------------------------  ----------------------------- 
 

- Ends -

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: [phone] 
                          2111 
 Michael Sherwin, FD     Tel: [phone] 
                          2114 
 Liberum 
 Peter Tracey            Tel: [phone] 
 Richard Crawley 
 Jamie Richards 
 Zeus Capital Limited 
 Adam Pollock            Tel: [phone] 
 Camarco 
 Billy Clegg             Tel: [phone] 
 Georgia Mann 
 Tom Huddart 
 
 

Notes to Editors

Vertu, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 132 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell, South Hereford Garages and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK automotive retail sector. It is intended that the Group will continue to acquire automotive 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 129 franchised sales outlets and 3 non-franchised sales operations from 109 locations across the UK.

Vertu Group websites - www.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.southherefordgarages.co.uk / www.vertumercedes-benz.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHKVLBBQDFEBBF

(END) Dow Jones Newswires

July 08, 2016 05:54 ET (09:54 GMT)