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VTU Vertu Motors Plc

64.20
-1.30 (-1.98%)
Last Updated: 12:31:45
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
  -1.30 -1.98% 64.20 64.10 64.50 65.50 64.20 65.20 131,222 12:31:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 8.65 220.83M

Vertu Motors PLC Notification of Directors' interests (0818J)

26/06/2017 7:00am

UK Regulatory


Vertu Motors (LSE:VTU)
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From Apr 2019 to Apr 2024

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TIDMVTU

RNS Number : 0818J

Vertu Motors PLC

26 June 2017

26 June 2017

Vertu Motors plc

(the "Company")

Notification of Directors' interests

The Remuneration Committee of the Company approved grants of nil-cost options over ordinary shares of 10p each in the Company ("Ordinary Shares") to persons discharging managerial responsibility in the Company, under the Vertu 2013 Long Term Incentive Plan voted on by shareholders at the 2013 AGM and 2016 AGM ("LTIP Options"). The LTIP Options were issued as detailed below on 23 June 2017:

 
                                                 Resultant 
                     Number of Ordinary          number of    Beneficial holding 
                         Shares subject    Ordinary Shares           of Ordinary 
              PDMR          to the LTIP         subject to                Shares 
                              Options**            options    excluding options* 
------------------  -------------------  -----------------  -------------------- 
 Robert Forrester         303,030                  798,012             6,925,608 
------------------  -------------------  -----------------  -------------------- 
 Michael Sherwin          227,273                  598,510               484,993 
------------------  -------------------  -----------------  -------------------- 
 David Crane              113,636                  812,838               154,137 
------------------  -------------------  -----------------  -------------------- 
 Karen Anderson           113,636                  812,838               756,926 
------------------  -------------------  -----------------  -------------------- 
 Ian Harrison             113,636                  834,255               216,738 
------------------  -------------------  -----------------  -------------------- 
 Colin Kent               113,636                  729,255               421,323 
------------------  -------------------  -----------------  -------------------- 
 Mike Rich                113,636                  759,255                35,694 
------------------  -------------------  -----------------  -------------------- 
 Chris Taylor             113,636                  640,415               242,864 
------------------  -------------------  -----------------  -------------------- 
 Jatinder 
  Aujla                   113,636                  299,255                65,215 
------------------  -------------------  -----------------  -------------------- 
 Tim Tozer                113,636                  299,255                13,000 
------------------  -------------------  -----------------  -------------------- 
 

*includes shares held by persons closely associated with the PDMR.

**includes a CSOP option in respect of 68,181 Ordinary Shares which may be exercised instead of 68,181 of the LTIP Options.

Vesting of the LTIP Options is dependent upon stretching absolute growth in the Company's total shareholder return and stretching return on equity achieved by the Company over a three year performance period commencing on 1 March 2017. The performance criteria are the same as those approved by shareholders at last year's Annual General Meeting. The LTIP Options are then subject to a further two year holding period. Further details are set out on page 54 of the 2017 annual report and accounts.

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                             ROBERT FORRESTER 
------  -------------------------------  --------------------------- 
    2.   Reason for the notification      ISSUE 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               ORDINARY SHARES OF 10p 
          financial instrument,            EACH IN VERTU MOTORS PLC 
          type of instrument 
          identification code 
                                           GB00B1GK4645 
          Identification code 
------  -------------------------------  --------------------------- 
    g)   Nature of the transaction        ACCEPTANCE 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      303,030 
          -------  ---------- 
------  ------------------------------------------------------------ 
 
 
    i)   Aggregated information    NOT APPLICABLE - SINGLE 
                                    TRANSACTION 
          -Aggregated volume 
 
          - Price 
------  ------------------------  ------------------------ 
    j)   Date of the transaction   23 JUNE 2017 
------  ------------------------  ------------------------ 
    k)   Place of transaction      LONDON STOCK EXCHANGE, 
                                    AIM 
------  ------------------------  ------------------------ 
 
 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                             MICHAEL SHERWIN 
--------  -------------------------------  --------------------------- 
      2.   Reason for the notification      ISSUE 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               ORDINARY SHARES OF 10p 
            financial instrument,            EACH IN VERTU MOTORS PLC 
            type of instrument 
            identification code 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      g)   Nature of the transaction        ACCEPTANCE 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      227,273 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      i)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      j)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      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      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      b)   Position/status                  CHIEF OPERATIONS OFFICER 
--------  -------------------------------  --------------------------- 
      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               ORDINARY SHARES OF 10p 
            financial instrument,            EACH IN VERTU MOTORS PLC 
            type of instrument 
            identification code 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      g)   Nature of the transaction        ACCEPTANCE 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      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      i)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      j)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      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      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      b)   Position/status                  COMPANY SECRETARY 
--------  -------------------------------  --------------------------- 
      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               ORDINARY SHARES OF 10p 
            financial instrument,            EACH IN VERTU MOTORS PLC 
            type of instrument 
            identification code 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      g)   Nature of the transaction        ACCEPTANCE 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      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      i)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      j)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      k)   Place of transaction      LONDON STOCK EXCHANGE, 
                                      AIM 
--------  ------------------------  ------------------------ 
 
 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                             IAN HARRISON 
--------  -------------------------------  --------------------------- 
      2.   Reason for the notification      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      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 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      b)   Nature of the transaction        ACCEPTANCE OF OPTION OVER 
                                             ORDINARY SHARES OF 10p 
                                             EACH IN VERTU MOTORS PLC, 
                                             PURSUANT TO THE COMPANY'S 
                                             LONG TERM INCENTIVE PLAN 
--------  -------------------------------  --------------------------- 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      d)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      e)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      f)   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      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      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 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      b)   Nature of the transaction        ACCEPTANCE OF OPTION OVER 
                                             ORDINARY SHARES OF 10p 
                                             EACH IN VERTU MOTORS PLC, 
                                             PURSUANT TO THE COMPANY'S 
                                             LONG TERM INCENTIVE PLAN 
--------  -------------------------------  --------------------------- 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      d)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      e)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      f)   Place of transaction      LONDON STOCK EXCHANGE, 
                                      AIM 
--------  ------------------------  ------------------------ 
 
 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                             MIKE RICH 
--------  -------------------------------  --------------------------- 
      2.   Reason for the notification      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      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 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      b)   Nature of the transaction        ACCEPTANCE OF OPTION OVER 
                                             ORDINARY SHARES OF 10p 
                                             EACH IN VERTU MOTORS PLC, 
                                             PURSUANT TO THE COMPANY'S 
                                             LONG TERM INCENTIVE PLAN 
--------  -------------------------------  --------------------------- 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      d)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      e)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      f)   Place of transaction      LONDON STOCK EXCHANGE, 
                                      AIM 
--------  ------------------------  ------------------------ 
 
 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                             JATINDER AUJLA 
--------  -------------------------------  --------------------------- 
      2.   Reason for the notification      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      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 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      b)   Nature of the transaction        ACCEPTANCE OF OPTION OVER 
                                             ORDINARY SHARES OF 10p 
                                             EACH IN VERTU MOTORS PLC, 
                                             PURSUANT TO THE COMPANY'S 
                                             LONG TERM INCENTIVE PLAN 
--------  -------------------------------  --------------------------- 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      d)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      e)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      f)   Place of transaction      LONDON STOCK EXCHANGE, 
                                      AIM 
--------  ------------------------  ------------------------ 
 
 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                             CHRIS TAYLOR 
--------  -------------------------------  --------------------------- 
      2.   Reason for the notification      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      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 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      b)   Nature of the transaction        ACCEPTANCE OF OPTION OVER 
                                             ORDINARY SHARES OF 10p 
                                             EACH IN VERTU MOTORS PLC, 
                                             PURSUANT TO THE COMPANY'S 
                                             LONG TERM INCENTIVE PLAN 
--------  -------------------------------  --------------------------- 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      d)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      e)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      f)   Place of transaction      LONDON STOCK EXCHANGE, 
                                      AIM 
--------  ------------------------  ------------------------ 
 
 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ------------------------------------------------------------ 
      a)   Name                             TIM TOZER 
--------  -------------------------------  --------------------------- 
      2.   Reason for the notification      ISSUE OF LTIP OPTIONS 
--------  -------------------------------  --------------------------- 
      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 
                                             GB00B1GK4645 
            Identification code 
--------  -------------------------------  --------------------------- 
      b)   Nature of the transaction        ACCEPTANCE OF OPTION OVER 
                                             ORDINARY SHARES OF 10p 
                                             EACH IN VERTU MOTORS PLC, 
                                             PURSUANT TO THE COMPANY'S 
                                             LONG TERM INCENTIVE PLAN 
--------  -------------------------------  --------------------------- 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
            -------  ---------- 
             NIL      113,636 
            -------  ---------- 
--------  ------------------------------------------------------------ 
 
 
      d)   Aggregated information    NOT APPLICABLE - SINGLE 
                                      TRANSACTION 
            -Aggregated volume 
 
            - Price 
--------  ------------------------  ------------------------ 
      e)   Date of the transaction   23 JUNE 2017 
--------  ------------------------  ------------------------ 
      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, CFO              Tel: 0191 491 
                                    2114 
 Canaccord Genuity Limited 
 Bruce Garrow Tel: 020 7523 8000 
 Chris Connors 
 Richard Andrews 
 Zeus Capital Limited 
 Dominic King                      Tel: 020 3829 5000 
 Camarco 
 Billy Clegg                       Tel: 020 3757 4983 
 Georgia Edmonds 
 
 

Notes to Editors

Vertu Motors, the UK automotive retailer with a proven growth strategy, is the fifth largest automotive retailer in the UK with a network of 124 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 121 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 company news service from the London Stock Exchange

END

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June 26, 2017 02:00 ET (06:00 GMT)

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