TIDMVTU
RNS Number : 2635S
Vertu Motors PLC
19 December 2016
19 December 2016
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR and Director Share Transfers -initial notification
Vertu Motors announces that it was notified on 16 December 2016,
of the following gifts of the Company's ordinary shares of 10p each
("Ordinary Shares") by:
-- Karen Anderson, Company Secretary, a person discharging
managerial responsibility in the Company, to Steve Anderson, her
husband, on 16 December 2016; and
-- Robert Forrester, Chief Executive Officer, to Helen
Forrester, his wife, on 16 December 2016.
Vertu Motors also announces that it was notified on 16 December
2016, of the following dealing in Ordinary Shares ("Dealing") by
Colin Kent, Operations Director, who, whilst not a statutory
director of the Company, is considered to be a person discharging
managerial responsibility in the Company. The Dealing took place on
2 November 2016 for nil consideration and was a transfer to a
broker account only, without any impact on beneficial
ownership.
Beneficial Resultant
holding % of issued Beneficial Resultant
of Ordinary share holding % of issued
PDMR/Director Shares capital Ordinary of Ordinary share
prior prior Shares Shares capital
to the to the transferred after after
Dealing* Dealing* by PDMR the Dealing* the Dealing*
------------------ ------------- ------------ ------------- -------------- --------------
Colin Kent 421,323 0.11 53,583 421,323 0.11
------------------ ------------- ------------ ------------- -------------- --------------
Karen Anderson 756,926 0.19 360,000 756,926 0.19
------------------ ------------- ------------ ------------- -------------- --------------
Robert Forrester 6,925,606 1.74 142,887 6,925,606 1.74
------------------ ------------- ------------ ------------- -------------- --------------
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 397,269,839
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 COLIN KENT
----- ------------------------------- ---------------------------
2. Reason for the notification TRANSFER 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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument IDENTIFICATION CODE FOR
identification code VERTU MOTORS PLC ORDINARY
Identification code SHARES GB00B1GK4645
----- ------------------------------- ---------------------------
b) Nature of the transaction TRANSFER OF LEGAL INTEREST
IN ORDINARY SHARES OF
10p EACH IN VERTU MOTORS
PLC TO A BROKER ACCOUNT
----- ------------------------------- ---------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 53,583
------- ----------
----- ------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
----- ------------------------------- ---------------------------
e) Date of the transaction 2 NOVEMBER 2016
----- ------------------------------- ---------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
----- ------------------------------- ---------------------------
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 KAREN ANDERSON
-------- ------------------------------- ------------------------------
2. Reason for the notification TRANSFER OF SHARES
-------- ------------------------------- ------------------------------
a) Position/status COMPANY SECRETARY
-------- ------------------------------- ------------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code
IDENTIFICATION CODE FOR
Identification code VERTU MOTORS PLC ORDINARY
SHARES GB00B1GK4645
-------- ------------------------------- ------------------------------
b) Nature of the transaction GIFT OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS
PLC TO A PCA, STEVE ANDERSON
-------- ------------------------------- ------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 360,000
------- ----------
-------- ---------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- ------------------------------
e) Date of the transaction 16 DECEMBER 2016
-------- ------------------------------- ------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- ------------------------------
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 TRANSFER OF SHARES
-------- ------------------------------- -------------------------------
a) Position/status CHIEF EXECUTIVE OFFICER
-------- ------------------------------- -------------------------------
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument
identification code IDENTIFICATION CODE FOR
VERTU MOTORS PLC ORDINARY
Identification code SHARES GB00B1GK4645
-------- ------------------------------- -------------------------------
b) Nature of the transaction GIFT OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS
PLC TO A PCA, HELEN FORRESTER
-------- ------------------------------- -------------------------------
c) Price(s) and volume(s)
Price Volume(s)
------- ----------
NIL 142,887
------- ----------
-------- ----------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- -------------------------------
e) Date of the transaction 16 DECEMBER 2016
-------- ------------------------------- -------------------------------
f) Place of transaction LONDON STOCK EXCHANGE,
AIM
-------- ------------------------------- -------------------------------
- Ends -
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491
2111
Michael Sherwin, FD Tel: 0191 491
2114
Liberum
Peter Tracey Tel: 020 3100 2000
Richard Crawley
Jamie Richards
Zeus Capital Limited
Dominic King Tel: 020 7533 7727
Camarco
Billy Clegg Tel: 020 3757 4983
Georgia Edmonds
Tom Huddart
Notes to Editors
Vertu, the UK automotive retailer with a proven growth strategy,
is the fifth largest automotive retailer in the UK with a network
of 129 sales outlets across the UK. Its dealerships operate
predominantly under the Bristol Street Motors, Vertu, Farnell,
South Hereford Garages and Macklin Motors brand names.
Vertu was established in November 2006 with the strategy to
consolidate the UK automotive retail sector. It is intended that
the Group will continue to acquire automotive 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 126 franchised sales outlets and 3
non-franchised sales operations from 107 locations across the
UK.
Vertu Group websites - www.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk /
www.vertuhonda.com / www.macklinmotors.co.uk /
www.farnelllandrover.com / www.farnelljaguar.com /
www.vertuvolkswagen.com / www.southherefordgarages.co.uk /
www.vertumercedes-benz.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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