Vertu Motors PLC Director/PDMR Shareholding (9085R)
July 11 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 9085R
Vertu Motors PLC
11 July 2022
11 July 2022
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Share Purchase
Vertu Motors announces that it was notified on 7 July 2022 of
the following acquisition ("Dealing") in the Company's ordinary
shares of 10p each ("Ordinary Shares") by Mark Gibbings, a person
discharging managerial responsibility in the Company. The Dealing
took place on 7 July 2022 pursuant to the Company's Share Incentive
Plan at a price of 57.2853p per Ordinary Share:
Resultant
Beneficial Beneficial Resultant
PDMR holding % of issued Ordinary holding % of issued
of Ordinary share capital Shares of Ordinary share capital
Shares prior prior to acquired Shares after after the
to the Dealing* the Dealing* by PDMR the Dealing* Dealing*
Mark Gibbings 17,749 0.01 2,618 20,367 0.01
----------------- --------------- ---------- -------------- ---------------
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 350,262,475
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 MARK GIBBINGS
--------------------------------- ------------------------------------
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 ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code 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)
Price Volume(s)
GBP0.572853 2,618
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 7 July 2022
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
- 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 160 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 156 franchised sales outlets and 4
non-franchised sales operations from 121 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 /
www.vertumotorcycles.com
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