TIDMVTU
RNS Number : 1936S
Vertu Motors PLC
07 March 2023
7 March 2023
Vertu Motors plc
(the "Company")
Notification of Directors' and PDMRs' interests
The Company announces that the Company made grants of nil-cost
options over ordinary shares of 10p each in the Company ("Ordinary
Shares") to directors of, and persons discharging managerial
responsibility in, the Company ("Options") . The Options were made
under the Partnership Share Scheme, part of the Company's Long Term
Incentive Plan, and are a percentage of target earnings calculated
using the Company's closing share price at the date prior to the
date of grant. The Options were issued on 6 March 2023 as detailed
below:
Number of Ordinary Resultant number Beneficial holding
Shares subject of Ordinary Shares of Ordinary Shares
Director to the Options subject to options excluding options
Robert Forrester 484,772 1,446,661 7,486,575
------------------- -------------------- --------------------
David Crane 272,727 1,313,874 465,479
------------------- -------------------- --------------------
Karen Anderson 272,727 1,313,874 1,163,694
------------------- -------------------- --------------------
Ian Harrison 146,103 1,218,384 392,908
------------------- -------------------- --------------------
Colin Kent 146,103 1,218,384 449,251
------------------- -------------------- --------------------
Christopher
Taylor 146,103 1,208,920 370,116
------------------- -------------------- --------------------
Michael Rich 146,103 1,246,910 46,594
------------------- -------------------- --------------------
Leon Caruso 146,103 908,920 7,487
------------------- -------------------- --------------------
Stephen Gould 146,103 708,920 19,881
------------------- -------------------- --------------------
Mark Gibbings 121,753 414,927 20,367
------------------- -------------------- --------------------
Vesting of the Options is pro rata to the individual's
achievement of a variety of annual bonus targets for the current
financial year, ending 29 February 2024, and vested Options are
then subject to a further three-year holding period before they can
be exercised (until March 2027).
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.
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 ROBERT FORRESTER
--------------------------------- ------------------------------------
2. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
a) Position/status CEO
--------------------------------- ------------------------------------
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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
NIL 484,772
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
f) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name DAVID CRANE
--------------------------------- ------------------------------------
2. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
b) Position/status COO
--------------------------------- ------------------------------------
c) 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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
NIL 272,727
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
f) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name KAREN ANDERSON
--------------------------------- ------------------------------------
2. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
a) Position/status CFO
--------------------------------- ------------------------------------
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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
NIL 272,727
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
f) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name IAN HARRISON
--------------------------------- ------------------------------------
2. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
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 ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
f) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
5. Details of the person discharging managerial responsibilities/person
closely associated
b) Name COLIN KENT
--------------------------------- ------------------------------------
6. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
c) Position/status OPERATIONS DIRECTOR
--------------------------------- ------------------------------------
d) Initial notification/Amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
7. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
c) Name VERTU MOTORS PLC
--------------------------------- ------------------------------------
d) LEI 213800GIKJEIUIGMI575
--------------------------------- ------------------------------------
8. 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
-----------------------------------------------------------------------
g) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
h) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
i) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
j) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
k) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
l) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
9. Details of the person discharging managerial responsibilities/person
closely associated
c) Name CHRISTOPHER TAYLOR
--------------------------------- ------------------------------------
10. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
e) Position/status OPERATIONS DIRECTOR
--------------------------------- ------------------------------------
f) Initial notification/Amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
11. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
e) Name VERTU MOTORS PLC
--------------------------------- ------------------------------------
f) LEI 213800GIKJEIUIGMI575
--------------------------------- ------------------------------------
12. 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
-----------------------------------------------------------------------
m) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
n) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
o) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
p) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
q) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
r) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
13. Details of the person discharging managerial responsibilities/person
closely associated
d) Name MICHAEL RICH
--------------------------------- ------------------------------------
14. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
g) Position/status OPERATIONS DIRECTOR
--------------------------------- ------------------------------------
h) Initial notification/Amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
15. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
g) Name VERTU MOTORS PLC
--------------------------------- ------------------------------------
h) LEI 213800GIKJEIUIGMI575
--------------------------------- ------------------------------------
16. 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
-----------------------------------------------------------------------
s) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
t) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
u) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
v) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
w) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
x) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
17. Details of the person discharging managerial responsibilities/person
closely associated
e) Name LEON CARUSO
--------------------------------- ------------------------------------
18. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
i) Position/status OPERATIONS DIRECTOR
--------------------------------- ------------------------------------
j) Initial notification/Amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
19. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
i) Name VERTU MOTORS PLC
--------------------------------- ------------------------------------
j) LEI 213800GIKJEIUIGMI575
--------------------------------- ------------------------------------
20. 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
-----------------------------------------------------------------------
y) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
z) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
aa) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
bb) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
cc) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
dd) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
21. Details of the person discharging managerial responsibilities/person
closely associated
f) Name STEPHEN GOULD
--------------------------------- ------------------------------------
22. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
k) Position/status OPERATIONS DIRECTOR
--------------------------------- ------------------------------------
l) Initial notification/Amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
23. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
k) Name VERTU MOTORS PLC
--------------------------------- ------------------------------------
l) LEI 213800GIKJEIUIGMI575
--------------------------------- ------------------------------------
24. 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
-----------------------------------------------------------------------
ee) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
ff) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
gg) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
hh) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
ii) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
jj) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
25. Details of the person discharging managerial responsibilities/person
closely associated
g) Name MARK GIBBINGS
--------------------------------- ------------------------------------
26. Reason for the notification ISSUE OF OPTIONS
--------------------------------- ------------------------------------
m) Position/status OPERATIONS DIRECTOR
--------------------------------- ------------------------------------
n) Initial notification/Amendment INITIAL NOTIFICATION
--------------------------------- ------------------------------------
27. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
m) Name VERTU MOTORS PLC
--------------------------------- ------------------------------------
n) LEI 213800GIKJEIUIGMI575
--------------------------------- ------------------------------------
28. 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
-----------------------------------------------------------------------
kk) Description of the financial ORDINARY SHARES OF 10p EACH
instrument, type of instrument IN VERTU MOTORS PLC
identification code
Identification code GB00B1GK4645
--------------------------------- ------------------------------------
ll) Nature of the transaction ACCEPTANCE OF OPTION OVER ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT TO THE COMPANY'S
LONG TERM INCENTIVE PLAN
--------------------------------- ------------------------------------
mm) Price(s) and volume(s)
Price Volume(s)
NIL 146,103
----------
-----------------------------------------------------------------------
nn) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
oo) Date of the transaction 6 MARCH 2023
--------------------------------- ------------------------------------
pp) Place of transaction OUTSIDE A TRADING VENUE
--------------------------------- ------------------------------------
- Ends -
For further information please contact:
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 142 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
DSHSSUFIWEDSELD
(END) Dow Jones Newswires
March 07, 2023 10:52 ET (15:52 GMT)
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