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VTU Vertu Motors Plc

64.60
-1.20 (-1.82%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vertu Motors Plc LSE:VTU London Ordinary Share GB00B1GK4645 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.20 -1.82% 64.60 64.50 65.10 66.00 64.50 65.00 1,604,163 16:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 8.61 219.8M

Vertu Motors PLC Director/PDMR Shareholding (2635S)

19/12/2016 1:50pm

UK Regulatory


Vertu Motors (LSE:VTU)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMVTU

RNS Number : 2635S

Vertu Motors PLC

19 December 2016

19 December 2016

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

PDMR and Director Share Transfers -initial notification

Vertu Motors announces that it was notified on 16 December 2016, of the following gifts of the Company's ordinary shares of 10p each ("Ordinary Shares") by:

-- Karen Anderson, Company Secretary, a person discharging managerial responsibility in the Company, to Steve Anderson, her husband, on 16 December 2016; and

-- Robert Forrester, Chief Executive Officer, to Helen Forrester, his wife, on 16 December 2016.

Vertu Motors also announces that it was notified on 16 December 2016, of the following dealing in Ordinary Shares ("Dealing") by Colin Kent, 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 2 November 2016 for nil consideration and was a transfer to a broker account only, without any impact on beneficial ownership.

 
                       Beneficial                                    Resultant 
                          holding   % of issued                     Beneficial       Resultant 
                      of Ordinary         share                        holding     % of issued 
     PDMR/Director         Shares       capital       Ordinary     of Ordinary           share 
                            prior         prior         Shares          Shares         capital 
                           to the        to the    transferred           after           after 
                         Dealing*      Dealing*        by PDMR    the Dealing*    the Dealing* 
------------------  -------------  ------------  -------------  --------------  -------------- 
 Colin Kent               421,323          0.11         53,583         421,323            0.11 
------------------  -------------  ------------  -------------  --------------  -------------- 
 Karen Anderson           756,926          0.19        360,000         756,926            0.19 
------------------  -------------  ------------  -------------  --------------  -------------- 
 Robert Forrester       6,925,606          1.74        142,887       6,925,606            1.74 
------------------  -------------  ------------  -------------  --------------  -------------- 
 

*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 CLOSELY ASSOCIATED WITH THEM

 
   1.   Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ------------------------------------------------------------ 
   a)   Name                             COLIN KENT 
-----  -------------------------------  --------------------------- 
   2.   Reason for the notification      TRANSFER 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        TRANSFER OF LEGAL INTEREST 
                                          IN ORDINARY SHARES OF 
                                          10p EACH IN VERTU MOTORS 
                                          PLC TO A BROKER ACCOUNT 
-----  -------------------------------  --------------------------- 
  c)    Price(s) and volume(s) 
          Price    Volume(s) 
         -------  ---------- 
          NIL      53,583 
         -------  ---------- 
-----  ------------------------------------------------------------ 
  d)    Aggregated information           NOT APPLICABLE - SINGLE 
         -Aggregated volume               TRANSACTION 
         - Price 
-----  -------------------------------  --------------------------- 
  e)    Date of the transaction          2 NOVEMBER 2016 
-----  -------------------------------  --------------------------- 
  f)    Place of transaction             LONDON STOCK EXCHANGE, 
                                          AIM 
-----  -------------------------------  --------------------------- 
 

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                             KAREN ANDERSON 
--------  -------------------------------  ------------------------------ 
   2.      Reason for the notification      TRANSFER OF SHARES 
--------  -------------------------------  ------------------------------ 
      a)   Position/status                  COMPANY SECRETARY 
--------  -------------------------------  ------------------------------ 
   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 
                                             IDENTIFICATION CODE FOR 
            Identification code              VERTU MOTORS PLC ORDINARY 
                                             SHARES GB00B1GK4645 
--------  -------------------------------  ------------------------------ 
  b)       Nature of the transaction        GIFT OF ORDINARY SHARES 
                                             OF 10p EACH IN VERTU MOTORS 
                                             PLC TO A PCA, STEVE ANDERSON 
--------  -------------------------------  ------------------------------ 
  c)       Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      360,000 
            -------  ---------- 
--------  --------------------------------------------------------------- 
  d)       Aggregated information           NOT APPLICABLE - SINGLE 
            -Aggregated volume               TRANSACTION 
            - Price 
--------  -------------------------------  ------------------------------ 
  e)       Date of the transaction          16 DECEMBER 2016 
--------  -------------------------------  ------------------------------ 
  f)       Place of transaction             LONDON STOCK EXCHANGE, 
                                             AIM 
--------  -------------------------------  ------------------------------ 
 

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                             ROBERT FORRESTER 
--------  -------------------------------  ------------------------------- 
   2.      Reason for the notification      TRANSFER OF SHARES 
--------  -------------------------------  ------------------------------- 
      a)   Position/status                  CHIEF EXECUTIVE OFFICER 
--------  -------------------------------  ------------------------------- 
      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              IDENTIFICATION CODE FOR 
                                             VERTU MOTORS PLC ORDINARY 
            Identification code              SHARES GB00B1GK4645 
--------  -------------------------------  ------------------------------- 
  b)       Nature of the transaction        GIFT OF ORDINARY SHARES 
                                             OF 10p EACH IN VERTU MOTORS 
                                             PLC TO A PCA, HELEN FORRESTER 
--------  -------------------------------  ------------------------------- 
  c)       Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      142,887 
            -------  ---------- 
--------  ---------------------------------------------------------------- 
  d)       Aggregated information           NOT APPLICABLE - SINGLE 
            -Aggregated volume               TRANSACTION 
            - Price 
--------  -------------------------------  ------------------------------- 
  e)       Date of the transaction          16 DECEMBER 2016 
--------  -------------------------------  ------------------------------- 
  f)       Place of transaction             LONDON STOCK EXCHANGE, 
                                             AIM 
--------  -------------------------------  ------------------------------- 
 

- Ends -

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: 0191 491 
                          2111 
 Michael Sherwin, FD     Tel: 0191 491 
                          2114 
 
  Liberum 
 Peter Tracey            Tel: 020 3100 2000 
 Richard Crawley 
 Jamie Richards 
 Zeus Capital Limited 
 Dominic King            Tel: 020 7533 7727 
 Camarco 
 Billy Clegg             Tel: 020 3757 4983 
 Georgia Edmonds 
 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 129 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 126 franchised sales outlets and 3 non-franchised sales operations from 107 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

DSHAKCDQNBDDFBD

(END) Dow Jones Newswires

December 19, 2016 08:50 ET (13:50 GMT)

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