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VTU Vertu Motors Plc

67.80
-1.20 (-1.74%)
25 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 -1.74% 67.80 67.30 67.90 68.60 67.00 68.20 213,364 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 8.99 229.35M

Vertu Motors PLC PDMR Dealings (1092A)

21/12/2017 1:21pm

UK Regulatory


Vertu Motors (LSE:VTU)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMVTU

RNS Number : 1092A

Vertu Motors PLC

21 December 2017

21 December 2017

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

PDMR Dealings

Vertu Motors announces that it was notified on 20 December 2017 of the following acquisitions transactions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by a person discharging managerial responsibility in the Company ("PDMR"). The Dealings took place on 19 December 2017 (72,000 Ordinary Shares) and 20 December 2017 (3,000 Ordinary Shares) pursuant to exercise of an approved share option at a price of 40p per Ordinary Share. The Company was also notified that the PDMR had sold the same Ordinary Shares on 19 December 2017 (72,000 Ordinary Shares) and 20 December 2017 (3,000 Ordinary Shares) at a price of 48.5p and 49.515p respectively per Ordinary Share ("Sales").

 
                                                              Resultant 
                   Beneficial                  Ordinary      Beneficial 
                      holding   % of issued      Shares         holding       Resultant 
          PDMR    of Ordinary         share    acquired     of Ordinary     % of issued 
                       Shares       capital    and then          Shares           share 
                        prior         prior    disposed           after         capital 
                       to the        to the       of by    the Dealings           after 
                    Dealings*     Dealings*        PDMR      and Sales*    the Dealing* 
--------------  -------------  ------------  ----------  --------------  -------------- 
 Ian Harrison         220,998          0.06      75,000         220,998            0.06 
--------------  -------------  ------------  ----------  --------------  -------------- 
 

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 387,596,910 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury.

 
      1.   Details of the person discharging managerial 
            responsibilities/person closely associated 
--------  ----------------------------------------------------------- 
      a)   Name                             IAN HARRISON 
--------  -------------------------------  -------------------------- 
   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               GB00B1GK4645 
            identification code 
            Identification code 
--------  -------------------------------  -------------------------- 
  b)       Nature of the transaction        EXERCISE OF SHARE OPTIONS 
--------  -------------------------------  -------------------------- 
  c)       Price(s) and volume(s) 
             Price      Volume(s) 
            ---------  ---------- 
             GBP0.40    72000 
            ---------  ---------- 
--------  ----------------------------------------------------------- 
  d)       Aggregated information           NOT APPLICABLE - SINGLE 
            -Aggregated volume               TRANSACTION 
            - Price 
--------  -------------------------------  -------------------------- 
  e)       Date of the transaction          19 DECEMBER 2017 
--------  -------------------------------  -------------------------- 
      f)   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      DISPOSAL 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               GB00B1GK4645 
            identification code 
            Identification code 
--------  -------------------------------  ----------------------------- 
      b)   Nature of the transaction        SALE OF ORDINARY SHARES 
                                             OF 10p EACH IN VERTU MOTORS 
                                             PLC 
--------  -------------------------------  ----------------------------- 
  c)       Price(s) and volume(s) 
             Price       Volume(s) 
            ----------  ---------- 
             GBP0.485    72000 
            ----------  ---------- 
--------  -------------------------------------------------------------- 
  d)       Aggregated information           NOT APPLICABLE - SINGLE 
            -Aggregated volume               TRANSACTION 
            - Price 
--------  -------------------------------  ----------------------------- 
  e)       Date of the transaction          19 DECEMBER 2017 
--------  -------------------------------  ----------------------------- 
      f)   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      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               GB00B1GK4645 
            identification code 
            Identification code 
--------  -------------------------------  -------------------------- 
  b)       Nature of the transaction        EXERCISE OF SHARE OPTIONS 
--------  -------------------------------  -------------------------- 
  c)       Price(s) and volume(s) 
             Price      Volume(s) 
            ---------  ---------- 
             GBP0.40    3000 
            ---------  ---------- 
--------  ----------------------------------------------------------- 
  d)       Aggregated information           NOT APPLICABLE - SINGLE 
            -Aggregated volume               TRANSACTION 
            - Price 
--------  -------------------------------  -------------------------- 
  e)       Date of the transaction          20 DECEMBER 2017 
--------  -------------------------------  -------------------------- 
      f)   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      DISPOSAL 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               GB00B1GK4645 
            identification code 
            Identification code 
--------  -------------------------------  ----------------------------- 
      b)   Nature of the transaction        SALE OF ORDINARY SHARES 
                                             OF 10p EACH IN VERTU MOTORS 
                                             PLC 
--------  -------------------------------  ----------------------------- 
  c)       Price(s) and volume(s) 
             Price          Volume(s) 
            -------------  ---------- 
             GBP0.495150    3000 
            -------------  ---------- 
--------  -------------------------------------------------------------- 
  d)       Aggregated information           NOT APPLICABLE - SINGLE 
            -Aggregated volume               TRANSACTION 
            - Price 
--------  -------------------------------  ----------------------------- 
  e)       Date of the transaction          20 DECEMBER 2017 
--------  -------------------------------  ----------------------------- 
      f)   Place of transaction             LONDON STOCK EXCHANGE, 
                                             AIM 
--------  -------------------------------  ----------------------------- 
 

- Ends -

For further information please contact:

 
 Vertu Motors plc             Tel: 0191 491 2111 
  Robert Forrester, CEO        Tel: 0191 491 2112 
  Michael Sherwin, CFO 
 Canaccord Genuity Limited    Tel: 020 7523 8000 
  Chris Connors 
  Henry Fitzgerald-O'Connor 
  Richard Andrews 
                              Tel: 020 3829 5000 
   Zeus Capital Limited 
   Dominic King 
                              Tel: 020 3757 4983 
   Camarco 
   Billy Clegg 
   Tom Huddart 
 

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 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

DSHEADAFAFSXFFF

(END) Dow Jones Newswires

December 21, 2017 08:21 ET (13:21 GMT)

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