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VTU Vertu Motors Plc

79.20
-0.30 (-0.38%)
17 May 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 -0.38% 79.20 78.70 79.20 79.90 77.30 79.40 1,134,708 16:29:49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 10.57 269.9M

Vertu Motors PLC Notification of PDMR interests

08/03/2024 2:12pm

RNS Regulatory News


RNS Number : 2058G
Vertu Motors PLC
08 March 2024
 

08 March 2024

 

Vertu Motors plc

 

(the "Company")

 

Notification of PDMR interests

 

The Company announces that it was notified on 07 March 2024 that Colin Kent, a person discharging managerial responsibility in the Company, had exercised nil-cost options over 179,811 ordinary shares of 10p each in the Company ("Ordinary Shares") on 07 March 2024, that were issued in March 2020 under the Vertu Long Term Incentive Plan. The option exercise was satisfied via a transfer of Ordinary Shares from the Company's Employee Benefit Trust.

 

The Company has also been notified that Colin Kent sold all of the 179,811 Ordinary Shares acquired.  The sale took place on 08 March 2024 at a price of 66.6247 pence per Ordinary Share.

 

 

 

PDMR

Beneficial holding of Ordinary Shares prior to the dealings above*

% of issued share capital prior to the dealings above*

Ordinary Shares acquired by PDMR

Resultant Beneficial holding of Ordinary Shares after the dealings above*

Resultant % of issued share capital after the dealings above*

Colin Kent

449,251

0.13%

0

449,251

0.13%

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

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.

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

COLIN KENT

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

g)   

Nature of the transaction

EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN, RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S EBT

h)   

Price(s) and volume(s)

 

Price

Volume(s)

NIL

179,811

i)    

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)    

Date of the transaction

07 MARCH 2024

k)   

Place of transaction

OFF MARKET

 

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

COLIN KENT

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 instrument, type of instrument identification code

 

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

 

 

GB00B1GK4645

g)   

Nature of the transaction

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

h)   

Price(s) and volume(s)

 

Price

Volume(s)

0.666247

179,811

i)    

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)    

Date of the transaction

  08 MARCH 2024

k)   

Place of transaction

LONDON STOCK EXCHANGE, AIM

 

- 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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