Vertu Motors PLC Notification of PDMR interests (8234X)
September 01 2022 - 2:02AM
UK Regulatory
TIDMVTU
RNS Number : 8234X
Vertu Motors PLC
01 September 2022
1 September 2022
Vertu Motors plc
(the "Company")
Notification of PDMR interests
The Company announces that it was notified on 31 August 2022
that Colin Kent, 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 30 August 2022,
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 exercise was satisfied via transfers of Ordinary
Shares from the Company's Employee Benefit Trust.
The Company has also been notified that Colin Kent sold 23,412
of the 30,000 Ordinary Shares he received to satisfy the associated
exercise price. The sale took place on 30 August 2022 at a price of
50.40 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*
Colin Kent 442,663 0.13% 6,588** 449,251 0.13 %
----------------- --------------- ----------------- --------------- ---------------
* 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 COLIN KENT
--------------------------------- ------------------------------------
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 30 AUGUST 2022
--------------------------------- ------------------------------------
f) Place of transaction OFF MARKET
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name COLIN KENT
--------------------------------- ------------------------------------
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)
0.5040 23,412
----------
-----------------------------------------------------------------------
i) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
j) Date of the transaction 30 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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