Vertu Motors PLC PDMR Dealings (1092A)
December 21 2017 - 8:21AM
UK Regulatory
TIDMVTU
RNS Number : 1092A
Vertu Motors PLC
21 December 2017
21 December 2017
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Dealings
Vertu Motors announces that it was notified on 20 December 2017
of the following acquisitions transactions ("Dealings") in the
Company's ordinary shares of 10p each ("Ordinary Shares") by a
person discharging managerial responsibility in the Company
("PDMR"). The Dealings took place on 19 December 2017 (72,000
Ordinary Shares) and 20 December 2017 (3,000 Ordinary Shares)
pursuant to exercise of an approved share option at a price of 40p
per Ordinary Share. The Company was also notified that the PDMR had
sold the same Ordinary Shares on 19 December 2017 (72,000 Ordinary
Shares) and 20 December 2017 (3,000 Ordinary Shares) at a price of
48.5p and 49.515p respectively per Ordinary Share ("Sales").
Resultant
Beneficial Ordinary Beneficial
holding % of issued Shares holding Resultant
PDMR of Ordinary share acquired of Ordinary % of issued
Shares capital and then Shares share
prior prior disposed after capital
to the to the of by the Dealings after
Dealings* Dealings* PDMR and Sales* the Dealing*
-------------- ------------- ------------ ---------- -------------- --------------
Ian Harrison 220,998 0.06 75,000 220,998 0.06
-------------- ------------- ------------ ---------- -------------- --------------
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 387,596,910
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 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 GB00B1GK4645
identification code
Identification code
-------- ------------------------------- --------------------------
b) Nature of the transaction EXERCISE OF SHARE OPTIONS
-------- ------------------------------- --------------------------
c) Price(s) and volume(s)
Price Volume(s)
--------- ----------
GBP0.40 72000
--------- ----------
-------- -----------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- --------------------------
e) Date of the transaction 19 DECEMBER 2017
-------- ------------------------------- --------------------------
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 DISPOSAL 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 GB00B1GK4645
identification code
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)
---------- ----------
GBP0.485 72000
---------- ----------
-------- --------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- -----------------------------
e) Date of the transaction 19 DECEMBER 2017
-------- ------------------------------- -----------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument GB00B1GK4645
identification code
Identification code
-------- ------------------------------- --------------------------
b) Nature of the transaction EXERCISE OF SHARE OPTIONS
-------- ------------------------------- --------------------------
c) Price(s) and volume(s)
Price Volume(s)
--------- ----------
GBP0.40 3000
--------- ----------
-------- -----------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- --------------------------
e) Date of the transaction 20 DECEMBER 2017
-------- ------------------------------- --------------------------
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 DISPOSAL 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 GB00B1GK4645
identification code
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)
------------- ----------
GBP0.495150 3000
------------- ----------
-------- --------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- -----------------------------
e) Date of the transaction 20 DECEMBER 2017
-------- ------------------------------- -----------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- -----------------------------
- Ends -
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Michael Sherwin, CFO
Canaccord Genuity Limited Tel: 020 7523 8000
Chris Connors
Henry Fitzgerald-O'Connor
Richard Andrews
Tel: 020 3829 5000
Zeus Capital Limited
Dominic King
Tel: 020 3757 4983
Camarco
Billy Clegg
Tom Huddart
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 124 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 121 franchised sales outlets and 3
non-franchised sales operations from 104 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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