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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
  0.00 0.0% 48.00 46.40 48.30 48.00 48.00 48.00 28,984 11:27:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,615.1 78.8 16.6 2.9 180

Vertu Motors PLC Director/PDMR Shareholding

17/08/2022 7:46am

UK Regulatory (RNS & others)


Vertu Motors (LSE:VTU)
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TIDMVTU

RNS Number : 3016W

Vertu Motors PLC

17 August 2022

17 August 2022

Vertu Motors plc

(the "Company")

Notification of PDMR interests

The Company announces that it was notified on 16 August 2022 that Ian Harrison and Christopher Taylor, persons discharging managerial responsibility in the Company, had each exercised options (detailed below) over ordinary shares of 10p each in the Company ("Ordinary Shares"), on 12 August 2022 and 16 August 2022 respectively, that were issued in October 2012 under the Vertu Company Share Option Plan with an exercise price of 39.25 pence per Ordinary Share . The option exercises were satisfied via transfers of Ordinary Shares from the Company's Employee Benefit Trust.

The Company has also been notified that Christopher Taylor sold 173,359 of the 200,000 Ordinary Shares he received to satisfy the associated exercise price and income tax and National Insurance liability. The sale took place on 16 August 2022 at a price of 52.6580 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             362,908            0.10%             30,000          392,908            0.11% 
                -----------------  ---------------  -----------------  ---------------  --------------- 
 Christopher 
  Taylor                  343,475            0.10%           26,641**          370,116           0.11 % 
                -----------------  ---------------  -----------------  ---------------  --------------- 
 

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

** net amount after the sale to satisfy the exercise price and tax and NI liability.

The Company's issued share capital consists of 348,945,522 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 financial       ORDINARY SHARES OF 10p EACH 
            instrument, type of instrument     IN VERTU MOTORS PLC 
            identification code 
 
            Identification code                GB00B1GK4645 
          ---------------------------------  ------------------------------------ 
      b)   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 
          ---------------------------------  ------------------------------------ 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
             0.3925   30,000 
                     ---------- 
          ----------------------------------------------------------------------- 
      d)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
      e)   Date of the transaction            12 AUGUST 2022 
          ---------------------------------  ------------------------------------ 
      f)   Place of transaction               OFF MARKET 
          ---------------------------------  ------------------------------------ 
 
 
      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 
            instrument, type of instrument     IN VERTU MOTORS PLC 
            identification code 
 
            Identification code                GB00B1GK4645 
          ---------------------------------  ------------------------------------ 
      b)   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 
          ---------------------------------  ------------------------------------ 
      c)   Price(s) and volume(s) 
             Price    Volume(s) 
             0.3925   200,000 
                     ---------- 
          ----------------------------------------------------------------------- 
      d)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
      e)   Date of the transaction            16 AUGUST 2022 
          ---------------------------------  ------------------------------------ 
      f)   Place of transaction               OFF MARKET 
          ---------------------------------  ------------------------------------ 
 
 
      1.   Details of the person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                               CHRISTOPHER TAYLOR 
          ---------------------------------  ------------------------------------ 
      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 
            instrument, type of instrument     IN 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) 
             0.526580   173,359 
                       ---------- 
          ----------------------------------------------------------------------- 
      i)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
      j)   Date of the transaction            16 AUGUST 2022 
          ---------------------------------  ------------------------------------ 
      k)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 

- Ends -

For further information please contact:

 
 Vertu Motors plc 
 Robert Forrester, CEO   Tel: 0191 491 2111 
 Karen Anderson, CFO     Tel: 0191 491 2112 
 
 Zeus Capital Limited    Tel: 020 3829 5000 
 Jamie Peel 
 Andrew Jones 
 Dominic King 
 
 Camarco                 Tel: 020 3757 4983 
 Billy Clegg 
 Tom Huddart 
 
 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 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 / www.vertumotorcycles.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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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August 17, 2022 02:46 ET (06:46 GMT)

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