TIDMVTU
RNS Number : 0079J
Vertu Motors PLC
06 September 2016
6 September 2016
Vertu Motors plc
(the "Company")
Notification of Directors' interests
The Remuneration Committee of the Company approved grants of
nil-cost options over ordinary shares of 10p each in the Company
("Ordinary Shares") to persons discharging managerial
responsibility in the Company, under the Vertu 2013 Long Term
Incentive Plan, amended as approved by the Company's shareholders
at its annual general meeting on 20 July 2016 ("LTIP Options"). The
LTIP Options were issued as detailed below on 5 September 2016:
Resultant
Number of Ordinary number of Beneficial holding
Shares subject Ordinary Shares of Ordinary
PDMR to the LTIP subject to Shares
Options** options excluding options*
------------------ ------------------- ----------------- --------------------
Robert Forrester 289,854 1,288,661 6,782,719
------------------ ------------------- ----------------- --------------------
Michael Sherwin 217,391 966,497 428,298
------------------ ------------------- ----------------- --------------------
David Crane 108,695 962,062 154,137
------------------ ------------------- ----------------- --------------------
Karen Anderson 108,695 911,468 756,926
------------------ ------------------- ----------------- --------------------
Ian Harrison 108,695 997,062 163,155
------------------ ------------------- ----------------- --------------------
Colin Kent 108,695 892,062 367,740
------------------ ------------------- ----------------- --------------------
Mike Rich 108,695 922,062 7,346
------------------ ------------------- ----------------- --------------------
Chris Taylor 108,695 803,223 189,281
------------------ ------------------- ----------------- --------------------
Jatinder
Aujla 108,695 462,062 11,632
------------------ ------------------- ----------------- --------------------
Tim Tozer 108,695 108,695 13,000
------------------ ------------------- ----------------- --------------------
*includes shares held by persons closely associated with the
PDMR.
**includes a CSOP option in respect of 60,301 Ordinary Shares
which may be exercised instead of 60,301 of the LTIP Options.
Vesting of the LTIP Options is dependent upon the total
shareholder return and return on equity achieved by the Company
over a three year performance period commencing on 1 March 2016.
The LTIP Options are then subject to a further two year holding
period.
The Company's issued share capital consists of 397,269,839
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 ACCEPTANCE OF OPTION
------ ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES 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 289,854
------- ----------
------ ------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
------ ------------------------ ------------------------
j) Date of the transaction 5 SEPTEMBER 2016
------ ------------------------ ------------------------
k) Place of transaction LONDON STOCK EXCHANGE,
AIM
------ ------------------------ ------------------------
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 MICHAEL SHERWIN
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES 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 217,391
------- ----------
-------- ------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
j) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
k) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 DAVID CRANE
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
b) Position/status CHIEF OPERATIONS OFFICER
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES 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 108,695
------- ----------
-------- ------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
j) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
k) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 KAREN ANDERSON
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
b) Position/status COMPANY SECRETARY
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES 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 108,695
------- ----------
-------- ------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
j) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
k) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 IAN HARRISON
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ---------------------------
b) 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
-------- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 108,695
------- ----------
-------- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 COLIN KENT
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ---------------------------
b) 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
-------- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 108,695
------- ----------
-------- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 MIKE RICH
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ---------------------------
b) 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
-------- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 108,695
------- ----------
-------- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 JATINDER AUJLA
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ---------------------------
b) 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
-------- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 108,695
------- ----------
-------- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 CHRIS TAYLOR
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ---------------------------
b) 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
-------- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 108,695
------- ----------
-------- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
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 TIM TOZER
-------- ------------------------------- ---------------------------
2. Reason for the notification ACCEPTANCE OF OPTION
-------- ------------------------------- ---------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ---------------------------
b) 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
-------- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 108,695
------- ----------
-------- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------ ------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------ ------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------ ------------------------
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491
2111
Michael Sherwin, FD Tel: 0191 491
2114
Liberum
Peter Tracey Tel: 020 3100 2000
Richard Crawley
Jamie Richards
Zeus Capital Limited
Adam Pollock Tel: 020 7533 7727
Camarco
Billy Clegg Tel: 020 3757 4983
Georgia Mann
Tom Huddart
Notes to Editors
Vertu, the UK automotive retailer with a proven growth strategy,
is the fifth largest automotive retailer in the UK with a network
of 132 sales outlets across the UK. Its dealerships operate
predominantly under the Bristol Street Motors, Vertu, Farnell,
South Hereford Garages and Macklin Motors brand names.
Vertu was established in November 2006 with the strategy to
consolidate the UK automotive retail sector. It is intended that
the Group will continue to acquire automotive 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 129 franchised sales outlets and 3
non-franchised sales operations from 109 locations across the
UK.
Vertu Group websites - www.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk /
www.vertuhonda.com / www.macklinmotors.co.uk /
www.farnelllandrover.com / www.farnelljaguar.com /
www.vertuvolkswagen.com / www.southherefordgarages.co.uk /
www.vertumercedes-benz.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 06, 2016 02:01 ET (06:01 GMT)