Vertu Motors PLC Director/PDMR Shareholding (1549P)
October 14 2021 - 12:25PM
UK Regulatory
TIDMVTU
RNS Number : 1549P
Vertu Motors PLC
14 October 2021
14 October 2021
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 14 October 2021
that Ian Harrison, a person discharging managerial responsibility
in the Company, had exercised options over 30,000 ordinary shares
of 10p each in the Company ("Ordinary Shares"), on 13 October 2021,
that were issued in November 2011 under the Vertu Company Share
Option Plan . The Company has also been notified that Ian Harrison
sold 21,260 of the 30,000 Ordinary Shares received to satisfy the
associated exercise price and income tax and National Insurance
liability. The sale took place on 13 October 2021 at a price of
58.1 pence per Ordinary Share.
Resultant
Beneficial Beneficial Resultant
holding of % of issued holding of % of issued
PDMR Ordinary Shares share capital Ordinary Ordinary share capital
prior to the prior to Shares acquired Shares after after the
Dealings* the Dealings* by PDMR** the Dealings* Dealings*
Ian Harrison 240,879 0.07% 8,740 249,619 0.07%
----------------- --------------- ----------------- --------------- ---------------
* includes shares held by persons closely associated with the
PDMR.
** net amount after the sales to satisfy the exercise price and
tax and NI liability.
The Company also announces that it was notified on 14 October
2021 that Mike Rich, a person discharging managerial responsibility
in the Company, had exercised the following options over Ordinary
Shares, on 13 October 2021, all of which were settled in cash as
permitted under the Vertu Company Share Option Plan rules.
Mike Rich - Operations Director
Number of Options (Date Exercise Price Market Value on Date
of Grant) of Exercise
------------------------- ------------------------
30,000 Unapproved (November 26 pence per Ordinary 58.6 pence per Ordinary
2011) Share Share
------------------------- ------------------------
400,000 Unapproved (June 27.5 pence per Ordinary 58.6 pence per Ordinary
2012) Share Share
------------------------- ------------------------
30,000 Approved (October 39.25 pence per Ordinary 58.6 pence per Ordinary
2012) Share Share
------------------------- ------------------------
The Company's issued share capital consists of 367,191,910
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
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
g) Nature of the transaction EXERCISE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
SHARE OPTION PLAN, RESULTING
IN THE TRANSFER OF SHARES FROM
THE COMPANY'S EBT
--------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
0.26 30,000
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 13 OCTOBER 2021
--------------------------------- ------------------------------------
k) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name IAN HARRISON
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
g) Nature of the transaction SALE OF ORDINARY SHARES OF 10p
EACH IN VERTU MOTORS PLC, RECEIVED
PURSUANT TO THE COMPANY'S SHARE
OPTION PLAN
--------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
0.581 21,260
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 13 OCTOBER 2021
--------------------------------- ------------------------------------
k) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name MIKE RICH
-------------------------------- ----------------------------------------
2. Reason for the notification EXERCISE OF OPTION
-------------------------------- ----------------------------------------
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 ORDINARY SHARES OF 10p EACH IN
instrument, type of instrument VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
-------------------------------- ----------------------------------------
g) Nature of the transaction EXERCISE OF OPTIONS OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, RECEIVED PURSUANT TO THE
COMPANY'S SHARE OPTION PLAN -SATISFIED
IN CASH
-------------------------------- ----------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
0.586 460,000
----------
--------------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
-------------------------------- ----------------------------------------
j) Date of the transaction 13 OCTOBER 2021
-------------------------------- ----------------------------------------
k) Place of transaction OFF MARKET
-------------------------------- ----------------------------------------
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2121
Karen Anderson, CFO Tel: 0191 491 2121
Zeus Capital Limited
Jamie Peel Tel: 020 3829 5000
Andrew Jones
Dominic King
Camarco
Billy Clegg Tel: 020 3757 4983
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 154 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 150 franchised sales outlets and 4
non-franchised sales operations from 118 locations across the
UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites - investors.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.vertumotors.com /
www.bristolstreet.co.uk / www.macklinmotors.co.uk
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