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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.40 | 2.06% | 69.20 | 68.50 | 68.90 | 70.00 | 67.80 | 70.00 | 541,982 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 9.19 | 234.46M |
TIDMVTU
RNS Number : 1549P
Vertu Motors PLC
14 October 2021
14 October 2021
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 14 October 2021 that Ian Harrison, a person discharging managerial responsibility in the Company, had exercised options over 30,000 ordinary shares of 10p each in the Company ("Ordinary Shares"), on 13 October 2021, that were issued in November 2011 under the Vertu Company Share Option Plan . The Company has also been notified that Ian Harrison sold 21,260 of the 30,000 Ordinary Shares received to satisfy the associated exercise price and income tax and National Insurance liability. The sale took place on 13 October 2021 at a price of 58.1 pence per Ordinary Share.
Resultant Beneficial Beneficial Resultant holding of % of issued holding of % of issued PDMR Ordinary Shares share capital Ordinary Ordinary share capital prior to the prior to Shares acquired Shares after after the Dealings* the Dealings* by PDMR** the Dealings* Dealings* Ian Harrison 240,879 0.07% 8,740 249,619 0.07% ----------------- --------------- ----------------- --------------- ---------------
* includes shares held by persons closely associated with the PDMR.
** net amount after the sales to satisfy the exercise price and tax and NI liability.
The Company also announces that it was notified on 14 October 2021 that Mike Rich, a person discharging managerial responsibility in the Company, had exercised the following options over Ordinary Shares, on 13 October 2021, all of which were settled in cash as permitted under the Vertu Company Share Option Plan rules.
Mike Rich - Operations Director Number of Options (Date Exercise Price Market Value on Date of Grant) of Exercise ------------------------- ------------------------ 30,000 Unapproved (November 26 pence per Ordinary 58.6 pence per Ordinary 2011) Share Share ------------------------- ------------------------ 400,000 Unapproved (June 27.5 pence per Ordinary 58.6 pence per Ordinary 2012) Share Share ------------------------- ------------------------ 30,000 Approved (October 39.25 pence per Ordinary 58.6 pence per Ordinary 2012) Share Share ------------------------- ------------------------
The Company's issued share capital consists of 367,191,910 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 --------------------------------- ------------------------------------ b) Position/status OPERATIONS DIRECTOR --------------------------------- ------------------------------------ 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 IN instrument, type of instrument VERTU MOTORS PLC identification code Identification code GB00B1GK4645 --------------------------------- ------------------------------------ g) Nature of the transaction EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE OPTION PLAN, RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S EBT --------------------------------- ------------------------------------ h) Price(s) and volume(s) Price Volume(s) 0.26 30,000 ---------- ----------------------------------------------------------------------- i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION -Aggregated volume - Price --------------------------------- ------------------------------------ j) Date of the transaction 13 OCTOBER 2021 --------------------------------- ------------------------------------ k) Place of transaction OFF MARKET --------------------------------- ------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name IAN HARRISON --------------------------------- ------------------------------------ 2. Reason for the notification SALE OF SHARES --------------------------------- ------------------------------------ b) Position/status OPERATIONS DIRECTOR --------------------------------- ------------------------------------ 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 IN instrument, type of instrument VERTU MOTORS PLC identification code Identification code GB00B1GK4645 --------------------------------- ------------------------------------ g) Nature of the transaction SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO THE COMPANY'S SHARE OPTION PLAN --------------------------------- ------------------------------------ h) Price(s) and volume(s) Price Volume(s) 0.581 21,260 ---------- ----------------------------------------------------------------------- i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION -Aggregated volume - Price --------------------------------- ------------------------------------ j) Date of the transaction 13 OCTOBER 2021 --------------------------------- ------------------------------------ k) 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 EXERCISE OF OPTION -------------------------------- ---------------------------------------- b) Position/status OPERATIONS DIRECTOR -------------------------------- ---------------------------------------- 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 IN instrument, type of instrument VERTU MOTORS PLC identification code Identification code GB00B1GK4645 -------------------------------- ---------------------------------------- g) Nature of the transaction EXERCISE OF OPTIONS OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO THE COMPANY'S SHARE OPTION PLAN -SATISFIED IN CASH -------------------------------- ---------------------------------------- h) Price(s) and volume(s) Price Volume(s) 0.586 460,000 ---------- -------------------------------------------------------------------------- i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION -Aggregated volume - Price -------------------------------- ---------------------------------------- j) Date of the transaction 13 OCTOBER 2021 -------------------------------- ---------------------------------------- k) Place of transaction OFF MARKET -------------------------------- ----------------------------------------
- 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 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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.macklinmotors.co.uk
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October 14, 2021 12:25 ET (16:25 GMT)
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