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Share Price Information for Vertu (VTU)

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Notification of PDMR interests

8 Mar 2024 14:12

RNS Number : 2058G
Vertu Motors PLC
08 March 2024

08 March 2024

Vertu Motors plc

(the "Company")

Notification of PDMR interests

The Company announces that it was notified on 07 March 2024 that Colin Kent, a person discharging managerial responsibility in the Company, had exercised nil-cost options over 179,811 ordinary shares of 10p each in the Company ("Ordinary Shares") on 07 March 2024, that were issued in March 2020 under the Vertu Long Term Incentive Plan. The option exercise was satisfied via a transfer of Ordinary Shares from the Company's Employee Benefit Trust.

The Company has also been notified that Colin Kent sold all of the 179,811 Ordinary Shares acquired. The sale took place on 08 March 2024 at a price of 66.6247 pence per Ordinary Share.

PDMR

Beneficial holding of Ordinary Shares prior to the dealings above*

% of issued share capital prior to the dealings above*

Ordinary Shares acquired by PDMR

Resultant Beneficial holding of Ordinary Shares after the dealings above*

Resultant % of issued share capital after the dealings above*

Colin Kent

449,251

0.13%

0

449,251

0.13%

* includes shares held by persons closely associated with the PDMR.

The Company's issued share capital consists of 337,602,150 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

COLIN KENT

2.

Reason for the notification

ACQUISITION OF SHARES

b)

Position/status

OPERATIONS DIRECTOR

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 financial instrument, type of instrument identification code

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

GB00B1GK4645

g)

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

h)

Price(s) and volume(s)

Price

Volume(s)

NIL

179,811

i)

Aggregated information

-Aggregated volume

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

07 MARCH 2024

k)

Place of transaction

OFF MARKET

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

COLIN KENT

2.

Reason for the notification

SALE OF SHARES

b)

Position/status

OPERATIONS DIRECTOR

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 financial instrument, type of instrument identification code

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

GB00B1GK4645

g)

Nature of the transaction

SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

h)

Price(s) and volume(s)

Price

Volume(s)

0.666247

179,811

i)

Aggregated information

-Aggregated volume

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

08 MARCH 2024

k)

Place of transaction

LONDON STOCK EXCHANGE, AIM

- ENDS -

Vertu Motors plc

Robert Forrester, CEO

Tel: 0191 491 2121

Karen Anderson, CFO

Phil Clark, Investor relations

Tel: 0191 491 2121

PClark@vertumotors.com

Stifel

Matthew Blawat

Nick Harland

Tel: 0207 710 7688

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

Notes to Editors

Vertu Motors is the fourth largest automotive retailer in the UK with a network of 188 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu 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 184 franchised sales outlets and 4 non-franchised sales operations from 143 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - https://investors.vertumotors.com /www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHBSGDXCGGDGSI
Date   Source Headline
14th May 20212:15 pmRNSHolding(s) in Company
13th May 20214:09 pmRNSHolding(s) in Company
12th May 20217:00 amRNSFinal results for the year ended 28 February 2021
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22nd Mar 202110:54 amRNSHolding(s) in Company
1st Mar 20217:00 amRNSTrading Update
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24th Feb 20218:09 amRNSEBT Share Purchase
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4th Feb 20217:00 amRNSTrading Update
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15th Oct 20204:29 pmRNSStatement re: press speculation
7th Oct 20207:00 amRNSUnaudited interim results to 31 August 2020
29th Sep 20203:01 pmRNSHolding(s) in Company
2nd Sep 20201:19 pmRNSHolding(s) in Company
20th Aug 202011:05 amRNSResult of AGM
20th Aug 20207:00 amRNSAGM Trading Update
13th Aug 20204:41 pmRNSSecond Price Monitoring Extn
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7th Aug 20207:07 amRNSHolding(s) in Company
5th Aug 202012:14 pmRNSDirector/PDMR Shareholding
23rd Jul 20207:00 amRNSNotice of AGM and Annual Report
20th Jul 20202:00 pmRNSDirector/PDMR Shareholding
14th Jul 20207:00 amRNSTrading Update
3rd Jun 202012:15 pmRNSDirector/PDMR Shareholding
3rd Jun 20207:00 amRNSFinal results for the year ended 29 February 2020
7th May 20207:00 amRNSTrading Update
24th Apr 20207:00 amRNSRevised publication date for full year results
7th Apr 20204:35 pmRNSPrice Monitoring Extension
6th Apr 202012:07 pmRNSSecond Price Monitoring Extn
6th Apr 202012:02 pmRNSPrice Monitoring Extension
3rd Apr 202012:02 pmRNSPrice Monitoring Extension
24th Mar 20208:44 amRNSCovid-19 Update
18th Mar 202012:01 pmRNSDirector/PDMR Shareholding
17th Mar 20205:12 pmRNSNotification of Directors’ interests
11th Mar 20208:09 amRNSNotification of Directors’ interests
3rd Mar 20207:00 amRNSTrading Update
16th Jan 20207:00 amRNSAcquisition and portfolio changes
18th Dec 201912:07 pmRNSSecond Price Monitoring Extn
18th Dec 201912:02 pmRNSPrice Monitoring Extension
13th Dec 20197:00 amRNSEBT Share Purchase
9th Oct 20197:00 amRNSUnaudited interim results
10th Sep 20197:00 amRNSTransaction in Own Shares
9th Sep 20197:01 amRNSNotification of Directors' interests
9th Sep 20197:00 amRNSTransaction in Own Shares
6th Sep 20197:23 amRNSTransaction in Own Shares
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5th Sep 20197:00 amRNSPre-close trading update and notice of results
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