Vertu Motors PLC Notification of PDMR's interests (2835P)
February 08 2023 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 2835P
Vertu Motors PLC
08 February 2023
08 February 2023
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 07 February 2023
that Stephen Gould, a person discharging managerial responsibility
in the Company , had, on 06 February 2023, exercised options over
500,000 ordinary shares of 10p each in the Company ("Ordinary
Shares") that were issued in July 2018 (300,000 shares with an
exercise price of 49.6 pence per Ordinary Share) and November 2018
(200,000 shares with an exercise price of 38.25 pence per Ordinary
Share) under the Company's Share Option Plan. The option exercises
were satisfied via a transfer of Ordinary Shares from the Company's
Employee Benefit Trust.
The Company has also been notified that Stephen Gould sold all
500,000 Ordinary Shares received. The sale took place on 07
February 2023 at a price of 59 pence per Ordinary Share.
Resultant
Beneficial Resultant
PDMR Beneficial % of issued holding of % of issued
holding of Ordinary share capital Ordinary Ordinary share capital
Shares prior prior to Shares acquired Shares after after the
to the Dealings* the Dealings* by PDMR the Dealings* Dealings*
Stephen Gould 19,881 0.01% Nil 19,881 0.01%
--------------------- --------------- ----------------- ---------------- ---------------
* includes shares held by persons closely associated with the
PDMR.
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 S TEPHEN GOULD
---------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
---------------------------------- ------------------------------------
g) 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
---------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
49.6 300,000
----------
38.25 2 00,000
----------
------------------------------------------------------------------------
Aggregated information
-Aggregated volume 500,000
i) - Price 0.451
---------------------------------- ------------------------------------
j) Date of the transaction 06 FEBRUARY 2023
---------------------------------- ------------------------------------
k) Place of transaction OFF MARKET
---------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name S TEPHEN GOULD
--------------------------------- ------------------------------------
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)
0.5900 500,000
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 07 FEBRUARY 2023
--------------------------------- ------------------------------------
k) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
-S -
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
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 191 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 187 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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