15 November 2018
Vertu Motors plc ("Vertu Motors" or "Company")
Director's PCA Share Purchase
Vertu Motors announces that it was notified on 14 November 2018, of the following acquisition ("Dealing") of beneficial interest in the Company's ordinary shares of 10p each ("Ordinary Shares") by Helen Forrester, a person closely associated (PCA) with Robert Forrester, CEO and director of the Company. The Dealing took place on 14 November 2018 at a price of 38.3p per Ordinary Share:
Director |
Beneficial holding of Ordinary Shares prior to the Dealing* |
% of issued share capital prior to the Dealing* |
Ordinary Shares acquired |
Resultant beneficial holding of Ordinary Shares after the Dealing* |
Resultant % of issued share capital after the Dealing* |
Robert Forrester |
6,933,411 |
1.84 |
26,099 |
6,959,910 |
1.84 |
*includes shares held by the Director's PCAs.
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 |
HELEN FORRESTER |
2. |
Reason for the notification |
ACQUISITION OF SHARES |
a) |
Position/status |
PCA OF ROBERT FORRESTER, 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 instrument, type of instrument identification code Identification code |
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC GB00B1GK4645 |
b) |
Nature of the transaction |
PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC |
c) |
Price(s) and volume(s)
Price |
Volume(s) |
£0.383 |
26,099 |
|
d) |
Aggregated information -Aggregated volume - Price |
NOT APPLICABLE - SINGLE TRANSACTION |
e) |
Date of the transaction |
14 NOVEMBER 2018 |
f) |
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 / www.hughes-group.net
