Vertu Motors PLC Director Share Purchase (5411G)
November 07 2018 - 1:00AM
UK Regulatory
TIDMVTU
RNS Number : 5411G
Vertu Motors PLC
07 November 2018
7 November 2018
Vertu Motors plc ("Vertu Motors" or "Company")
Director Share Purchase
Vertu Motors announces that it was notified on 6 November 2018,
of the following acquisition ("Dealing") in the Company's ordinary
shares of 10p each ("Ordinary Shares") by Peter Jones, Chairman and
director in the Company. The Dealing took place on 6 November 2018
at a price of 36.75p per Ordinary Share:
Resultant
Beneficial beneficial Resultant
holding % of issued holding % of issued
of Ordinary share capital Ordinary of Ordinary share capital
Shares prior prior to Shares Shares after after the
to the Dealing* the Dealing* acquired the Dealing* Dealing*
Peter Jones 1,522,000 0.40 228,000 1,750,000 0.46
----------------- --------------- ---------- -------------- ---------------
*includes shares held by the Director's PCAs.
The Company's issued share capital consists of 377,581,736
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 PETER JONES
--------------------------------- ------------------------------------
2. Reason for the notification ACQUISITION OF SHARES
--------------------------------- ------------------------------------
a) Position/status CHAIRMAN
--------------------------------- ------------------------------------
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 IN
instrument, type of instrument VERTU MOTORS PLC
identification code GB00B1GK4645
Identification code
--------------------------------- ------------------------------------
b) Nature of the transaction PURCHASE OF ORDINARY SHARES OF
10p EACH IN VERTU MOTORS PLC
--------------------------------- ------------------------------------
c) Price(s) and volume(s)
Price Volume(s)
GBP0.3675 228,000
----------
-----------------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE TRANSACTION
-Aggregated volume
- Price
--------------------------------- ------------------------------------
e) Date of the transaction 6 NOVEMBER 2018
--------------------------------- ------------------------------------
f) Place of transaction LONDON STOCK EXCHANGE, AIM
--------------------------------- ------------------------------------
- Ends -
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Michael Sherwin, CFO
Zeus Capital Limited Tel: 020 3829 5000
Nicholas How
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the sixth largest automotive retailer in the UK
with a network of 125 sales outlets across the UK. Its dealerships
operate predominantly under the Bristol Street Motors, Vertu,
Farnell 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 122 franchised sales outlets and 3
non-franchised sales operations from 106 locations across the
UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites - www.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk /
www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk
/ www.farnelllandrover.com / www.farnelljaguar.com /
www.vertuvolkswagen.com / www.vertumercedes-benz.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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