8 November 2018
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company has been notified of the exercise by a person discharging managerial responsibility ("PDMR") in the Company of options over ordinary shares of 10p each in the Company ("Ordinary Shares"), under the Vertu 2013 Long Term Incentive Plan ("LTIP Options") and the Vertu 2011 Company Share Option Plan ("CSOP Options"). The LTIP Options and CSOP Options were exercised as detailed below on 7 November 2018 resulting in the acquisition of Ordinary Shares as set out below, by way of transfer from the Company's Employee Benefit Trust.
PDMR |
Beneficial holding of Ordinary Shares prior to the Dealings* |
% of issued share capital prior to the Dealings* |
Ordinary Shares acquired by PDMR |
Resultant Beneficial holding of Ordinary Shares after the Dealings* |
Resultant % of issued share capital after the Dealings* |
Karen Anderson |
764,729 |
0.20 |
83,583 |
848,312 |
0.22 |
*includes shares held by persons closely associated with the PDMR.
The Company's issued share capital consists of 377,581,736 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 |
KAREN ANDERSON |
2. |
Reason for the notification |
ACQUISITION OF SHARES |
a) |
Position/status |
COMPANY SECRETARY AND DEPUTY 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 instrument, type of instrument identification code Identification code |
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC GB00B1GK4645 |
b) |
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 |
c) |
Price(s) and volume(s)
Price |
Volume(s) |
NIL |
53,583 |
|
d) |
Aggregated information -Aggregated volume - Price |
NOT APPLICABLE - SINGLE TRANSACTION |
e) |
Date of the transaction |
7 NOVEMBER 2018 |
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
5. |
Details of the person discharging managerial responsibilities/person closely associated |
b) |
Name |
KAREN ANDERSON |
6. |
Reason for the notification |
ACQUISITION OF SHARES |
c) |
Position/status |
COMPANY SECRETARY AND DEPUTY CFO |
d) |
Initial notification/Amendment |
INITIAL NOTIFICATION |
7. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
c) |
Name |
VERTU MOTORS PLC |
d) |
LEI |
213800GIKJEIUIGMI575 |
8. |
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 instrument, type of instrument identification code Identification code |
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC GB00B1GK4645 |
h) |
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 |
i) |
Price(s) and volume(s)
Price |
Volume(s) |
0.26 |
30,000 |
|
j) |
Aggregated information -Aggregated volume - Price |
NOT APPLICABLE - SINGLE TRANSACTION |
k) |
Date of the transaction |
7 NOVEMBER 2018 |
l) |
Place of transaction |
LONDON STOCK EXCHANGE, AIM |
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFO |
Tel: 0191 491 2111
Tel: 0191 491 2112 |
Zeus Capital Limited
Nicholas How Andrew Jones Dominic King |
Tel: 020 3829 5000 |
Camarco Billy Clegg Tom Huddart |
Tel: 020 3757 4983 |
Notes to Editors
Vertu Motors is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell 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 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
Vertu Motors Group websites - www.vertumotors.com / www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com / www.vertumercedes-benz.com
