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VTU Vertu Motors Plc

80.70
0.30 (0.37%)
12 Jun 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
  0.30 0.37% 80.70 80.50 81.10 81.10 79.00 80.10 160,101 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 10.75 274.33M

Vertu Motors PLC Notification of Directors’ and PDMRs’ interests

12/03/2024 3:28pm

RNS Regulatory News


RNS Number : 5746G
Vertu Motors PLC
12 March 2024
 

12 March 2024

Vertu Motors plc

(the "Company")

Notification of Directors' and PDMRs' interests

 

The Company announces that it made grants of nil-cost options over ordinary shares of 10p each in the Company ("Ordinary Shares") to directors of, and persons discharging managerial responsibility in, the Company ("Options").  The Options were made under the Partnership Share Scheme, part of the Company's Long Term Incentive Plan, and are a percentage of target earnings calculated using the Company's closing share price on the date prior to the date of grant.  The Options were issued on 05 March 2024 as detailed below: 

 

 

 

 

Director

Number of Ordinary Shares subject to the Options

 

Resultant number of Ordinary Shares subject to options

 

Beneficial holding of Ordinary Shares excluding options

 

Robert Forrester

426,600

1,873,261

7,489,518

David Crane

240,000

1,553,874

481,462

Karen Anderson

240,000

1,553,874

1,166,637

Colin Kent

128,571

1,167,144

449,251

Christopher Taylor

128,571

1,337,491

373,059

Michael Rich

128,571

1,373,853

49,537

Leon Caruso

128,571

867,144

10,430

Stephen Gould

128,571

837,491

30,493

Mark Gibbings

107,142

522,069

23,310

Anthony Masterson

107,142

261,818

57,412

Tom Garratt

96,428

251,092

34,508

 

Vesting of the Options is pro rata to the individual's achievement of a variety of annual bonus targets for the current financial year, ending 28 February 2025, and vested Options are then subject to a further three-year holding period before they can be exercised (until March 2028).   

The Company's issued share capital consists of 337,602,150 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

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

426,600

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

DAVID CRANE

2.    

Reason for the notification

ISSUE OF OPTIONS

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

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

240,000

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

KAREN ANDERSON

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

240,000

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

COLIN KENT

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

128,571

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

CHRISTOPHER TAYLOR

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

128,571

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

MICHAEL RICH

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

128,571

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

LEON CARUSO

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

128,571

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

STEPHEN GOULD

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

128,571

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

MARK GIBBINGS

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

107,142

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

ANTHONY MASTERSON

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

107,142

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

TOM GARRATT

2.    

Reason for the notification

ISSUE OF OPTIONS

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

b)   

Nature of the transaction

ACCEPTANCE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

c)    

Price(s) and volume(s)

 

Price

Volume(s)

NIL

96,428

d)   

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)    

Date of the transaction

5 MARCH 2024

f)    

Place of transaction

OUTSIDE A TRADING VENUE

 

- ENDS -

 

Vertu Motors plc


Robert Forrester, CEO

Tel: 0191 491 2121

Karen Anderson, CFO

Phil Clark, Investor relations

Tel: 0191 491 2121

PClark@vertumotors.com

Stifel


Matthew Blawat

Nick Harland

Tel: 0207 710 7688

 

Camarco


Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

Notes to Editors

Vertu Motors is the fourth largest automotive retailer in the UK with a network of 188 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 184 franchised sales outlets and 4 non-franchised sales operations from 143 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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