Vertu Motors PLC Notification of Director's interests (3780W)

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RNS Number : 3780W

Vertu Motors PLC

11 December 2023

11 December 2023

Vertu Motors plc

(the "Company")

Notification of Director's interests

The Company announces that David Crane, a director and a person discharging managerial responsibility in the Company , has purchased ordinary shares of 10p each in the capital of the Company ("Ordinary Shares").

The purchase took place on 11 December 2023 at a price of 68.17 pence per Ordinary Share.

 
                                                                                Resultant 
                                                                               Beneficial        Resultant 
                          Beneficial      % of issued                          holding of      % of issued 
         PDMR    holding of Ordinary    share capital           Ordinary         Ordinary    share capital 
                        Shares prior         prior to    Shares acquired     Shares after        after the 
                    to the Dealings*    the Dealings*            by PDMR    the Dealings*        Dealings* 
 David Crane                 468,422            0.14%             13,040          481,462            0.14% 
               ---------------------  ---------------  -----------------  ---------------  --------------- 
 

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

The Company's issued share capital consists of 339,633,257 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                               DAVID CRANE 
          ---------------------------------  ------------------------------------ 
    2.     Reason for the notification        PURCHASE OF SHARES 
          ---------------------------------  ------------------------------------ 
      b)   Position/status                    COO 
          ---------------------------------  ------------------------------------ 
    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 financial       ORDINARY SHARES OF 10p EACH 
            instrument, type of instrument     IN VERTU MOTORS PLC 
            identification code 
 
            Identification code                GB00B1GK4645 
          ---------------------------------  ------------------------------------ 
    g)     Nature of the transaction          PURCHASE OF ORDINARY SHARES 
                                               OF 10p EACH IN VERTU MOTORS PLC. 
          ---------------------------------  ------------------------------------ 
    h)     Price(s) and volume(s) 
             Price    Volume(s) 
             0.6817   13,040 
                     ---------- 
          ----------------------------------------------------------------------- 
    i)     Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
    j)     Date of the transaction            11 DECEMBER 2023 
          ---------------------------------  ------------------------------------ 
    k)     Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 

- Ends -

 
 
  Vertu Motors plc                                 Tel: [phone] 
Robert Forrester, CEO 
Karen Anderson, CFO 
Phil Clark, Investor Relations                     [e-mail] 
 
  Zeus (Nominated Adviser and Broker)              Tel: [phone] 
Jamie Peel 
Andrew Jones 
Dominic King 
 
Camarco                                            Tel: [phone] 
Billy Clegg 
Tom Huddart 
 
Notes to Editors 
Vertu Motors is the fourth largest automotive retailer in the 
 UK with a network of 195 sales outlets across the UK. Its dealerships 
 operate predominantly under the Bristol Street Motors, Vertu 
 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 191 franchised sales outlets and 
 4 non-franchised sales operations from 145 locations across 
 the UK. 
Vertu's Mission Statement is to "deliver an outstanding customer 
 motoring experience through honesty and trust". 
Vertu Motors Group websites - https://investors.vertumotors.com 
 / www.vertucareers.com 
 Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk 
 / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk 
 / www.vertumotorcyles.com 
 

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December 11, 2023 09:43 ET (14:43 GMT)