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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.90 | 1.33% | 68.60 | 68.30 | 68.60 | 69.60 | 67.50 | 67.50 | 631,694 | 16:35:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 9.13 | 233.09M |
From Apr 2019 to Apr 2024
TIDMVTU
RNS Number : 4078L
Vertu Motors PLC
05 September 2019
5 September 2019
Vertu Motors plc
(the "Company")
Notification of Directors' interests
The Company announces that the Remuneration Committee of the Company approved grants of nil-cost options over ordinary shares of 10p each in the Company ("Ordinary Shares") to directors of the Company ("LTIP Options"). The LTIP Options were made under the Vertu 2013 Long Term Incentive Plan, voted on by shareholders at the 2013 AGM. The performance conditions attached to the LTIP Options were amended at the 2019 AGM. The LTIP Options were issued on 3 September 2019 as detailed below:
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Number of Ordinary Shares Resultant number of Ordinary
Director subject to the LTIP Options Shares subject to options
Robert Forrester 466,665* 1,139,468
----------------------------- -----------------------------
Karen Anderson 350,876 1,434,849
----------------------------- -----------------------------
David Crane 350,876 1,518,432
----------------------------- -----------------------------
*includes 78,947 CSOP options which may be exercised as an alternative.
Vesting of the LTIP Options is dependent upon Adjusted Profit Before Tax targets for the Company over a three year performance period commencing on 1 March 2019. The LTIP Options can be exercised after three years from the date of grant but are subject to a further two year holding period such that shares awarded under these LTIP Options may not be sold until after five years from the date of grant.
The Company's issued share capital consists of 369,683,252 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 LTIP OPTIONS
--------------------------------- ------------------------------------
b) Position/status CEO
--------------------------------- ------------------------------------
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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
NIL 466,665
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 3 September 2019
--------------------------------- ------------------------------------
k) 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 ISSUE OF LTIP OPTIONS
--------------------------------- ------------------------------------
b) Position/status CFO
--------------------------------- ------------------------------------
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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
NIL 350,876
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 3 September 2019
--------------------------------- ------------------------------------
k) 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 ISSUE OF LTIP 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
-----------------------------------------------------------------------
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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
NIL 350,876
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 3 September 2019
--------------------------------- ------------------------------------
k) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
- Ends -
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Karen Anderson, CFO
Tel: 020 3829 5000
Zeus Capital Limited
Jamie Peel
Andrew Jones
Dominic King
Tel: 020 3757 4983
Camarco
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 123 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 120 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
Vertu Motors Group websites - www.vertumotors.com / www.vertucareers.com
Vertu brand websites - 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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(END) Dow Jones Newswires
September 05, 2019 10:14 ET (14:14 GMT)
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