Vertu Motors PLC Director/PDMR Shareholding (1057R)
November 02 2021 - 10:36AM
UK Regulatory
TIDMVTU
RNS Number : 1057R
Vertu Motors PLC
02 November 2021
02 November 2021
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 01 November 2021
that Colin Kent, a person discharging managerial responsibility in
the Company, had transferred legal ownership of 21,340 ordinary
shares of 10p each in the Company ("Ordinary Shares") into a share
trading account for nil consideration without any change in
beneficial ownership . The transfer took place on 01 November
2021.
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*
Colin Kent 442,663 0.12% n/a 442,663 0.12%
----------------- --------------- ----------------- --------------- ---------------
* includes shares held by persons closely associated with the
PDMR.
The Company's issued share capital consists of 364,651,748
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 TRANSFER 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 TRANSFER OF LEGAL OWNERSHIP OF
ORDINARY SHARES OF 10p EACH IN
VERTU MOTORS PLC INTO A SHARE
TRADING ACCOUNT
--------------------------------- ------------------------------------
h) Price(s) and volume(s)
Price Volume(s)
NIL 21,340
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 01 NOVEMBER 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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