Last checked at 19 May 2010 07:01
19 May 2010
Vertu Motors plc ("the Company")
Director dealings
On 18 May 2010 the following options were granted in the UK over ordinary shares of 10p each in the capital of the Company ("Ordinary Shares") to Michael Sherwin at an exercise price of 36.75p per Ordinary Share:
| Plan | Number of options
|
| Vertu Motors plc 2007 Discretionary Share Option Plan ("Unapproved Plan") | 518,368
|
| Vertu Motors plc 2007 Discretionary Share Option Plan UK Approved Addendum ("Approved Plan"). | 81,632
|
The options granted will become exercisable three years from the date of grant subject to performance conditions being satisfied and will lapse if not exercised within ten years of the date of grant.
Michael Sherwin has a beneficial interest in 119,000 Ordinary Shares, representing 0.06% of the issued share capital of the Company.
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2111
Michael Sherwin, FD Tel: 0191 491 2104
Brewin Dolphin Investment Banking
Alexander Dewar Tel: 0845 213 2076
Panmure Gordon (UK) Limited
Andrew Burnett Tel: 020 7459 3600
Financial Dynamics
Caroline Stewart Tel: 020 7831 3113