TIDMVTU
RNS Number : 0862C
Vertu Motors PLC
08 June 2023
8 June 2023
Vertu Motors plc ("Vertu Motors" or "Company")
Director and PDMR Share Purchases
Vertu Motors announces that it was notified on 7 June 2023, of
the following acquisitions ("Dealings") in the Company's ordinary
shares of 10p each ("Ordinary Shares") by directors and persons
discharging managerial responsibility in the Company. The Dealings
took place on 7 June 2023 pursuant to the Company's Share Incentive
Plan at a price of 61p per Ordinary Share:
Resultant
Beneficial Beneficial Resultant
PDMR holding % of issued Ordinary holding % of issued
of Ordinary share capital Shares of Ordinary share capital
Shares prior prior to acquired Shares after after the
to the Dealing* the Dealing* by PDMR the Dealing* Dealing*
Robert Forrester 7,486,575 2.17 2,943 7,489,518 2.17
----------------- --------------- ---------- -------------- ---------------
David Crane 465,479 0.13 2,943 468,422 0.14
----------------- --------------- ---------- -------------- ---------------
Karen Anderson 1,163,694 0.34 2,943 1,166,637 0.34
----------------- --------------- ---------- -------------- ---------------
Stephen Gould 19,881 0.01 2,943 22,824 0.01
----------------- --------------- ---------- -------------- ---------------
Michael Rich 46,594 0.01 2,943 49,537 0.01
----------------- --------------- ---------- -------------- ---------------
Christopher Taylor 370,116 0.11 2,943 373,059 0.11
----------------- --------------- ---------- -------------- ---------------
Leonardo Caruso 7,487 0.00 2,943 10,430 0.00
----------------- --------------- ---------- -------------- ---------------
Mark Gibbings 20,367 0.01 2,943 23,310 0.01
----------------- --------------- ---------- -------------- ---------------
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 344,837,480
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 ACQUISITION OF SHARES
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) 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 ACQUISITION OF SHARES
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name STEPHEN GOULD
--------------------------------- ------------------------------------
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 PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
-----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) 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 ACQUISITION OF SHARES
--------------------------------- ------------------------------------
a) Position/status COO
--------------------------------- ------------------------------------
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 PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name MICHAEL RICH
--------------------------------- ------------------------------------
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 PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
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 PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name LEONARDO CARUSO
--------------------------------- ------------------------------------
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 PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name MARK GIBBINGS
--------------------------------- ------------------------------------
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
-----------------------------------------------------------------------
g) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
h) Nature of the transaction PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS PLC,
PURSUANT TO THE COMPANY'S SHARE
INCENTIVE PLAN
--------------------------------- ------------------------------------
i) Price(s) and volume(s)
Price Volume(s)
GBP0.61 2,943
----------
-----------------------------------------------------------------------
j) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
k) Date of the transaction 7 June 2023
--------------------------------- ------------------------------------
l) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2121
Karen Anderson, CFO Tel: 0191 491 2121
Phil Clark, Investor relations PClark@vertumotors.com
Zeus Capital Limited (Nominated Advisor
& Broker)
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 fourth largest automotive retailer in the UK
with a network of 189 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 185 franchised sales outlets and 4
non-franchised sales operations from 141 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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END
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