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VTU Vertu Motors Plc

69.00
0.40 (0.58%)
24 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
  0.40 0.58% 69.00 69.00 69.40 69.70 67.60 68.10 676,203 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 9.25 236.16M

Vertu Motors PLC Director/PDMR Shareholding (2440V)

05/08/2020 12:14pm

UK Regulatory


Vertu Motors (LSE:VTU)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMVTU

RNS Number : 2440V

Vertu Motors PLC

05 August 2020

5 August 2020

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

Director and PDMR Share Purchase

Vertu Motors announces that it was notified on 4 August 2020, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by directors and persons discharging managerial responsibility in the Company. The Dealings took place on 4 August 2020 pursuant to the Company's Share Incentive Plan at a price of 22.4p per Ordinary Share:

 
                                                                           Resultant 
                             Beneficial                                   Beneficial        Resultant 
                                holding      % of issued    Ordinary         holding      % of issued 
                PDMR        of Ordinary    share capital      Shares     of Ordinary    share capital 
                           Shares prior         prior to    acquired    Shares after        after the 
                        to the Dealing*     the Dealing*     by PDMR    the Dealing*         Dealing* 
 Robert Forrester             7,217,180             1.95       8,035       7,225,215             1.96 
                      -----------------  ---------------  ----------  --------------  --------------- 
 David Crane                    187,670             0.05       8,035         195,705             0.05 
                      -----------------  ---------------  ----------  --------------  --------------- 
 Karen Anderson                 893,039             0.24       8,035         901,074             0.24 
                      -----------------  ---------------  ----------  --------------  --------------- 
 Ian Harrison                   228,931             0.06       8,035         236,966             0.06 
                      -----------------  ---------------  ----------  --------------  --------------- 
 Christopher Taylor             301,956             0.08       8,035         309,991             0.08 
                      -----------------  ---------------  ----------  --------------  --------------- 
 Stephen Gould                    7,933             0.00       8,035          15,968             0.00 
                      -----------------  ---------------  ----------  --------------  --------------- 
 

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 369,173,981 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        ACQUISITION OF SHARES 
       ---------------------------------  ------------------------------------ 
   a)   Position/status                    CEO 
       ---------------------------------  ------------------------------------ 
   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 financial       ORDINARY SHARES OF 10p EACH IN 
         instrument, type of instrument     VERTU MOTORS PLC 
         identification code                GB00B1GK4645 
         Identification code 
       ---------------------------------  ------------------------------------ 
  b)    Nature of the transaction          PURCHASE OF ORDINARY SHARES OF 
                                            10p EACH IN VERTU MOTORS PLC, 
                                            PURSUANT TO THE COMPANY'S SHARE 
                                            INCENTIVE PLAN 
       ---------------------------------  ------------------------------------ 
  c)    Price(s) and volume(s) 
          Price       Volume(s) 
          GBP0.224    8035 
                     ---------- 
       ----------------------------------------------------------------------- 
  d)    Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
         -Aggregated volume 
         - Price 
       ---------------------------------  ------------------------------------ 
  e)    Date of the transaction            4 AUGUST 2020 
       ---------------------------------  ------------------------------------ 
  f)    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        ACQUISITION OF SHARES 
          ---------------------------------  ------------------------------------ 
      a)   Position/status                    COO 
          ---------------------------------  ------------------------------------ 
   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 financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code                GB00B1GK4645 
            Identification code 
          ---------------------------------  ------------------------------------ 
      b)   Nature of the transaction          PURCHASE OF ORDINARY SHARES OF 
                                               10p EACH IN VERTU MOTORS PLC, 
                                               PURSUANT TO THE COMPANY'S SHARE 
                                               INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
  c)       Price(s) and volume(s) 
             Price       Volume(s) 
             GBP0.224    8035 
                        ---------- 
          ----------------------------------------------------------------------- 
  d)       Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
            -Aggregated volume 
            - Price 
          ---------------------------------  ------------------------------------ 
  e)       Date of the transaction            4 AUGUST 2020 
          ---------------------------------  ------------------------------------ 
      f)   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        ACQUISITION OF SHARES 
          ---------------------------------  ------------------------------------ 
      a)   Position/status                    CFO 
          ---------------------------------  ------------------------------------ 
   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 financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code                GB00B1GK4645 
            Identification code 
          ---------------------------------  ------------------------------------ 
  b)       Nature of the transaction          PURCHASE OF ORDINARY SHARES OF 
                                               10p EACH IN VERTU MOTORS PLC, 
                                               PURSUANT TO THE COMPANY'S SHARE 
                                               INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
  c)       Price(s) and volume(s) 
             Price       Volume(s) 
             GBP0.224    8035 
                        ---------- 
          ----------------------------------------------------------------------- 
  d)       Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
            -Aggregated volume 
            - Price 
          ---------------------------------  ------------------------------------ 
  e)       Date of the transaction            4 AUGUST 2020 
          ---------------------------------  ------------------------------------ 
      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 financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code                GB00B1GK4645 
            Identification code 
          ---------------------------------  ------------------------------------ 
  b)       Nature of the transaction          PURCHASE OF ORDINARY SHARES OF 
                                               10p EACH IN VERTU MOTORS PLC, 
                                               PURSUANT TO THE COMPANY'S SHARE 
                                               INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
  c)       Price(s) and volume(s) 
             Price       Volume(s) 
             GBP0.224    8035 
                        ---------- 
          ----------------------------------------------------------------------- 
  d)       Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
            -Aggregated volume 
            - Price 
          ---------------------------------  ------------------------------------ 
  e)       Date of the transaction            4 AUGUST 2020 
          ---------------------------------  ------------------------------------ 
      f)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 
      1.   Details of the person discharging managerial responsibilities/person 
            closely associated 
          ----------------------------------------------------------------------- 
      a)   Name                               CHRISTOPHER TAYLOR 
          ---------------------------------  ------------------------------------ 
   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 financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code                GB00B1GK4645 
            Identification code 
          ---------------------------------  ------------------------------------ 
  b)       Nature of the transaction          PURCHASE OF ORDINARY SHARES OF 
                                               10p EACH IN VERTU MOTORS PLC, 
                                               PURSUANT TO THE COMPANY'S SHARE 
                                               INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
  c)       Price(s) and volume(s) 
             Price       Volume(s) 
             GBP0.224    8035 
                        ---------- 
          ----------------------------------------------------------------------- 
  d)       Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
            -Aggregated volume 
            - Price 
          ---------------------------------  ------------------------------------ 
  e)       Date of the transaction            4 AUGUST 2020 
          ---------------------------------  ------------------------------------ 
      f)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 
 
      1.   Details of the person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                               STEPHEN GOULD 
          ---------------------------------  ------------------------------------ 
   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 financial       ORDINARY SHARES OF 10p EACH IN 
            instrument, type of instrument     VERTU MOTORS PLC 
            identification code                GB00B1GK4645 
            Identification code 
          ---------------------------------  ------------------------------------ 
  b)       Nature of the transaction          PURCHASE OF ORDINARY SHARES OF 
                                               10p EACH IN VERTU MOTORS PLC, 
                                               PURSUANT TO THE COMPANY'S SHARE 
                                               INCENTIVE PLAN 
          ---------------------------------  ------------------------------------ 
  c)       Price(s) and volume(s) 
             Price       Volume(s) 
             GBP0.224    8035 
                        ---------- 
          ----------------------------------------------------------------------- 
  d)       Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
            -Aggregated volume 
            - Price 
          ---------------------------------  ------------------------------------ 
      e)   Date of the transaction            4 AUGUST 2020 
          ---------------------------------  ------------------------------------ 
      f)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 

- Ends -

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: 0191 491 2121 
 Karen Anderson, CFO     Tel: 0191 491 2121 
 Zeus Capital Limited 
 Jamie Peel              Tel: 020 3829 5000 
  Andrew Jones 
  Dominic King 
 Camarco 
 Billy Clegg             Tel: 020 3757 4983 
  Tom Huddart 
 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 133 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 130 franchised sales outlets and 3 non-franchised sales operations from 110 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - 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.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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