Vertu Motors PLC Directorate Change (5744B)

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RNS Number : 5744B

Vertu Motors PLC

05 June 2023

5 June 2023

Vertu Motors plc

("Vertu Motors " or the " Company ")

Directorate Change

Appointment of John Mewett as an independent Non-executive Director

Vertu Motors plc, the automotive retailer with a network of 189 sales outlets across the UK, is pleased to announce that, with effect from 5 June 2023, Jonathan Mark Mewett has joined the Board as an independent Non-executive Director.

John is currently the Chief Executive Officer of Screwfix, part of the Kingfisher plc group. John is a member of the Executive team at Kingfisher plc, responsible for the development of the Screwfix business across the UK, Ireland and France. With over 25 years retail experience he has held previous roles as Screwfix's Marketing Director and Digital Director, and as Group Digital Director of its parent Kingfisher plc.

John holds no shares in the Company.

Andy Goss, Chairman of Vertu said :

We are delighted to welcome John to the Board of Vertu. He is an excellent addition having substantial multi-channel retailing experience in UK Retail and will add value to the existing Board. I and the Vertu team look forward to working with him as Robert and his colleagues continue to execute on the strategic objectives of the Company ."

John Mewett , incoming independent Non-executive Director, commented :

"I have been very impressed by the clarity of strategy and strong momentum at Vertu Motors under the current management team and I am delighted to be joining the Board."

See below for further information in accordance with

Information on John Mewett (aged 55) required to be disclosed under Rule 17 and Schedule Two (g) (i)-(viii) of the AIM Rules for Companies:

Current Directorships/Partnerships

The Screwfix Foundation

Geared Up Limited

Plumbfix Limited

Screwfix Limited

SFD Ltd

Electricfix Limited

Screwfix Spares Limited

Screwfix Direct Limited

Past Directorships/Partnerships in the last 5 years

Kingfisher Marketplaces Limited - resigned 17 June 2022

Locke & Co Ltd -voluntarily dissolved 10 August 2021

DIY Express Limited - voluntarily dissolved 10 August 2021

Watersmith UK Limited - voluntarily dissolved 10 August 2021

Site (UK) Limited - voluntarily dissolved 10 August 2021

Powersmith Limited - voluntarily dissolved 10 August 2021

Titan Power Tools (UK) Limited - voluntarily dissolved 10 August 2021

No Nonsense Limited - voluntarily dissolved 10 August 2021

Erbauer (UK) Limited - voluntarily dissolved 10 August 2021

Forge Steel Limited - voluntarily dissolved 10 August 2021

Moretti (UK) Limited - voluntarily dissolved 10 August 2021

Screws Limited - voluntarily dissolved 10 August 2021

Easydrive (GB) Limited - voluntarily dissolved 10 August 2021

Kingfisher Digital Limited- resigned 7 February 2019

Save for the information above, there are no further disclosures to be made in accordance with Rule 17 or Schedule Two (g) (i)-(viii) of the AIM Rules for Companies in respect of the appointment of John Mewett .

- 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 
   Adviser and 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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