Last checked at 8 Aug 2018 07:00
8 August 2018
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Share Purchase
Vertu Motors announces that it was notified on 7 August 2018, of the following acquisitions ("Dealings") in the Company's ordinary shares of 10p each ("Ordinary Shares") by directors and persons discharging managerial responsibility in the Company. The Dealings took place on 6 August 2018 pursuant to the Company's Share Incentive Plan at a price of 50.8p per Ordinary Share:
PDMR | Beneficial holding of Ordinary Shares prior to the Dealing* | % of issued share capital prior to the Dealing* | Ordinary Shares acquired by PDMR | Resultant Beneficial holding of Ordinary Shares after the Dealing* | Resultant % of issued share capital after the Dealing* |
Robert Forrester | 6,929,868 | 1.83 | 3,543 | 6,933,411 | 1.83 |
Michael Sherwin | 489,253 | 0.13 | 3,543 | 492,796 | 0.13 |
David Crane | 158,397 | 0.04 | 3,543 | 161,940 | 0.04 |
Karen Anderson | 761,186 | 0.20 | 3,543 | 764,729 | 0.20 |
Ian Harrison | 220,998 | 0.06 | 3,543 | 224,541 | 0.06 |
Jatinder Aujla | 69,475 | 0.02 | 3,543 | 73,018 | 0.02 |
Michael Rich | 39,954 | 0.01 | 3,543 | 43,497 | 0.01 |
Christopher Taylor | 262,968 | 0.07 | 3,543 | 266,511 | 0.07 |
Stephen Gould | 0 | 0.00 | 3,543 | 3,543 | 0.00 |
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 379,292,049 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 | ROBERT FORRESTER | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | 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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | MICHAEL SHERWIN | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | 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 | PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
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 | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | IAN HARRISON | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | OPERATIONS DIRECTOR | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | DAVID CRANE | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | COO | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | JATINDER AUJLA | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | OPERATIONS DIRECTOR | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | MICHAEL RICH | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | OPERATIONS DIRECTOR | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | CHRISTOPHER TAYLOR | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | OPERATIONS DIRECTOR | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | STEPHEN GOULD | ||||
2. | Reason for the notification | ACQUISITION OF SHARES | ||||
a) | Position/status | DIVISIONAL DIRECTOR | ||||
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, PURSUANT TO THE COMPANY'S SHARE INCENTIVE PLAN | ||||
c) | Price(s) and volume(s)
| |||||
d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION | ||||
e) | Date of the transaction | 6 AUGUST 2018 | ||||
f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
- Ends -
For further information please contact:
Vertu Motors plcRobert Forrester, CEOMichael Sherwin, CFO | Tel: 0191 491 2111Tel: 0191 491 2112 |
Canaccord Genuity Limited Chris ConnorsHenry Fitzgerald-O'Connor Richard Andrews | Tel: 020 7523 8000 |
Zeus Capital LimitedDominic King | Tel: 020 3829 5000 |
Camarco Billy Clegg Tom Huddart | Tel: 020 3757 4983 |
Notes to Editors
Vertu Motors, the UK automotive retailer with a proven growth strategy, 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 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