TIDMVTU
RNS Number : 0083J
Vertu Motors PLC
06 September 2016
6 September 2016
Vertu Motors plc
(the "Company")
Notification of Directors' and PDMR's interests
The Company has been notified of the exercise by persons
discharging managerial responsibility ("PDMR") in the Company of
options over ordinary shares of 10p each in the Company ("Ordinary
Shares"), under the Vertu 2013 Long Term Incentive Plan ("LTIP
Options"). The LTIP Options were exercised as detailed below on 5
September 2016 resulting in the acquisition of Ordinary Shares as
set out below, by way of transfer from the Company's Employee
Benefit Trust.
The Company has also been notified that Michael Sherwin, a
director and PDMR, has sold 50,471 of the 107,166 Ordinary Shares
exercised, to satisfy the resultant income tax and National
Insurance liability, and that Mike Rich, a PDMR, has sold 25,235 of
the 53,583 Ordinary Shares exercised to satisfy the resultant
income tax and National Insurance liability. The sales took place
on 5 September 2016 at a price of 49.75 pence per Ordinary
Share.
Resultant
% of issued Beneficial Resultant
Beneficial share holding % of issued
PDMR holding of capital Ordinary of Ordinary share
Ordinary prior Shares Shares capital
Shares prior to the acquired after the after
to the Dealings* Dealings* by PDMR Dealings* the Dealings*
-------------- ------------------ ------------ ---------- ------------- ---------------
Robert
Forrester 6,782,719 1.71 142,887 6,925,606 1.74
-------------- ------------------ ------------ ---------- ------------- ---------------
Michael
Sherwin 428,298 0.11 56,695 484,993 0.12
-------------- ------------------ ------------ ---------- ------------- ---------------
Jatinder
Aujla 11,632 0.00 53,583 65,215 0.02
-------------- ------------------ ------------ ---------- ------------- ---------------
Ian Harrison 163,155 0.04 53,583 216,738 0.05
-------------- ------------------ ------------ ---------- ------------- ---------------
Colin Kent 367,740 0.09 53,583 421,323 0.11
-------------- ------------------ ------------ ---------- ------------- ---------------
Mike Rich 7,346 0.00 28,348 35,694 0.02
-------------- ------------------ ------------ ---------- ------------- ---------------
Chris Taylor 189,281 0.05 53,583 242,864 0.06
-------------- ------------------ ------------ ---------- ------------- ---------------
*includes shares held by persons closely associated with the
PDMR.
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.
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
----- ------------------------------- ------------------------------
b) 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
----- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 142,887
------- ----------
----- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
----- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
----- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
----- ------------------------------- ------------------------------
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 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- ------------------------------
b) 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
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 107,166
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- ------------------------------
b) 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
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 53,583
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 COLIN KENT
-------- ------------------------------- ------------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- ------------------------------
b) 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
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 53,583
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 MIKE 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- ------------------------------
b) 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
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 53,583
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- ------------------------------
b) 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
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 53,583
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 CHRIS 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- ------------------------------
b) 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
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 53,583
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 MICHAEL SHERWIN
-------- ------------------------------- -----------------------------
2. Reason for the notification SALE 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- -----------------------------
b) Nature of the transaction SALE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS
PLC
-------- ------------------------------- -----------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
49.75p 50,471
------- ----------
-------- --------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- -----------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- -----------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- -----------------------------
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 MIKE RICH
-------- ------------------------------- -----------------------------
2. Reason for the notification SALE 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
-------- --------------------------------------------------------------
c) Name VERTU MOTORS PLC
-------- ------------------------------- -----------------------------
d) 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
GB00B1GK4645
Identification code
-------- ------------------------------- -----------------------------
b) Nature of the transaction SALE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS
PLC
-------- ------------------------------- -----------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
49.75p 25,235
------- ----------
-------- --------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
TRANSACTION
-Aggregated volume
- Price
-------- ------------------------------- -----------------------------
e) Date of the transaction 5 SEPTEMBER 2016
-------- ------------------------------- -----------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- -----------------------------
- 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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