Last checked at 15 Jun 2016 07:00
15 May 2016
Vertu Motors plc ("Vertu Motors" or "Company")
Director Share Purchase
Vertu Motors announces that it was notified on 14 June 2016, of the following acquisition in the Company's ordinary shares of 10p each ("Ordinary Shares") by Robert Forrester, Chief Executive Officer ("the Dealing"). The Dealing took place on 14 June 2016 at a price of 52.94p per Ordinary Share:
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 | 6,712,973 | 1.69 | 54,700 | 6,767,673 | 1.70 |
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.
- 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