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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 |
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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(END) Dow Jones Newswires
June 26, 2017 02:00 ET (06:00 GMT)
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