TIDMVTU

RNS Number : 2835P

Vertu Motors PLC

08 February 2023

08 February 2023

Vertu Motors plc

(the "Company")

Notification of PDMR's interests

The Company announces that it was notified on 07 February 2023 that Stephen Gould, a person discharging managerial responsibility in the Company , had, on 06 February 2023, exercised options over 500,000 ordinary shares of 10p each in the Company ("Ordinary Shares") that were issued in July 2018 (300,000 shares with an exercise price of 49.6 pence per Ordinary Share) and November 2018 (200,000 shares with an exercise price of 38.25 pence per Ordinary Share) under the Company's Share Option Plan. The option exercises were satisfied via a transfer of Ordinary Shares from the Company's Employee Benefit Trust.

The Company has also been notified that Stephen Gould sold all 500,000 Ordinary Shares received. The sale took place on 07 February 2023 at a price of 59 pence per Ordinary Share.

 
 
                                                                                   Resultant 
                                                                                  Beneficial        Resultant 
           PDMR             Beneficial      % of issued                           holding of      % of issued 
                   holding of Ordinary    share capital           Ordinary          Ordinary    share capital 
                          Shares prior         prior to    Shares acquired      Shares after        after the 
                      to the Dealings*    the Dealings*            by PDMR     the Dealings*        Dealings* 
 Stephen Gould           19,881              0.01%              Nil              19,881            0.01% 
                 ---------------------  ---------------  -----------------  ----------------  --------------- 
 

* includes shares held by persons closely associated with the PDMR.

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                                S TEPHEN GOULD 
           ----------------------------------  ------------------------------------ 
      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 
             instrument, type of instrument      IN 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) 
              49.6    300,000 
                     ---------- 
              38.25   2 00,000 
                     ---------- 
           ------------------------------------------------------------------------ 
            Aggregated information 
 
             -Aggregated volume                   500,000 
 
      i)     - Price                              0.451 
           ----------------------------------  ------------------------------------ 
      j)    Date of the transaction             06 FEBRUARY 2023 
           ----------------------------------  ------------------------------------ 
      k)    Place of transaction                OFF MARKET 
           ----------------------------------  ------------------------------------ 
 
 
      1.   Details of the person discharging managerial responsibilities/person 
            closely associated 
      a)   Name                               S TEPHEN GOULD 
          ---------------------------------  ------------------------------------ 
      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) 
             0.5900   500,000 
                     ---------- 
          ----------------------------------------------------------------------- 
      i)   Aggregated information             NOT APPLICABLE - SINGLE TRANSACTION 
 
            -Aggregated volume 
 
            - Price 
          ---------------------------------  ------------------------------------ 
      j)   Date of the transaction           07 FEBRUARY 2023 
          ---------------------------------  ------------------------------------ 
      k)   Place of transaction               LONDON STOCK EXCHANGE, AIM 
          ---------------------------------  ------------------------------------ 
 

-S -

 
 Vertu Motors plc 
 Robert Forrester, CEO             Tel: 0191 491 2121 
 Karen Anderson, CFO               Tel: 0191 491 2121 
  Phil Clark, Investor relations    PClark@vertumotors.com 
 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 fourth largest automotive retailer in the UK with a network of 191 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 187 franchised sales outlets and 4 non-franchised sales operations from 141 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - https://investors.vertumotors.com/ / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcyles.com

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END

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February 08, 2023 02:00 ET (07:00 GMT)

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