Vertu Motors PLC Director/PDMR Shareholding (3016W)
August 17 2022 - 2:46AM
UK Regulatory
TIDMVTU
RNS Number : 3016W
Vertu Motors PLC
17 August 2022
17 August 2022
Vertu Motors plc
(the "Company")
Notification of PDMR interests
The Company announces that it was notified on 16 August 2022
that Ian Harrison and Christopher Taylor, persons discharging
managerial responsibility in the Company, had each exercised
options (detailed below) over ordinary shares of 10p each in the
Company ("Ordinary Shares"), on 12 August 2022 and 16 August 2022
respectively, that were issued in October 2012 under the Vertu
Company Share Option Plan with an exercise price of 39.25 pence per
Ordinary Share . The option exercises were satisfied via transfers
of Ordinary Shares from the Company's Employee Benefit Trust.
The Company has also been notified that Christopher Taylor sold
173,359 of the 200,000 Ordinary Shares he received to satisfy the
associated exercise price and income tax and National Insurance
liability. The sale took place on 16 August 2022 at a price of
52.6580 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 362,908 0.10% 30,000 392,908 0.11%
----------------- --------------- ----------------- --------------- ---------------
Christopher
Taylor 343,475 0.10% 26,641** 370,116 0.11 %
----------------- --------------- ----------------- --------------- ---------------
* includes shares held by persons closely associated with the
PDMR.
** net amount after the sale to satisfy the exercise price and
tax and NI liability.
The Company's issued share capital consists of 348,945,522
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 financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
b) 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
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
0.3925 30,000
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 12 AUGUST 2022
--------------------------------- ------------------------------------
f) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name CHRISTOPHER 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 financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
b) 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
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
0.3925 200,000
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 16 AUGUST 2022
--------------------------------- ------------------------------------
f) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name CHRISTOPHER TAYLOR
--------------------------------- ------------------------------------
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
instrument, type of instrument IN 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)
0.526580 173,359
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 16 AUGUST 2022
--------------------------------- ------------------------------------
k) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2111
Karen Anderson, CFO Tel: 0191 491 2112
Zeus Capital Limited Tel: 020 3829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
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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