Vertu Motors PLC Notification of PDMR interests
August 20 2024 - 9:25AM
RNS Regulatory News
RNS Number : 1458B
Vertu Motors PLC
20 August 2024
20 August 2024
Vertu Motors plc
(the "Company")
Notification of PDMR
interests
The Company announces
that it was notified on 20 August 2024 that Mark Gibbings, a person discharging
managerial responsibility in the Company,
had exercised nil-cost options over 59,148 ordinary shares of 10p each in the Company ("Ordinary Shares") on 20
August 2024, that were issued in
March 2020 under the Vertu Long Term Incentive Plan. The option
exercise was satisfied via a transfer of Ordinary Shares from the
Company's Employee Benefit Trust.
The Company has also been notified
that Mark Gibbings sold all of the 59,148 Ordinary Shares
acquired. The sale took place on 20
August 2024 at a price of 71.5540 pence per
Ordinary Share.
|
PDMR
|
Beneficial holding of
Ordinary Shares prior to the dealings above*
|
% of issued share capital
prior to the dealings above*
|
Ordinary Shares acquired by
PDMR
|
Resultant Beneficial holding
of Ordinary Shares after the dealings above*
|
Resultant % of issued share
capital after the dealings above*
|
|
Mark Gibbings
|
25,532
|
0.01%
|
0
|
25,532
|
0.01%
|
* includes shares held by persons
closely associated with the PDMR.
The Company's issued share capital consists of
334,701,107 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
|
MARK
GIBBINGS
|
|
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 instrument, type
of instrument identification code
Identification code
|
ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645
|
|
g)
|
Nature of the transaction
|
EXERCISE OF
OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS
PLC, PURSUANT
TO THE COMPANY'S LONG TERM INCENTIVE PLAN,
RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S
EBT
|
|
h)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
NIL
|
59,148
|
|
|
i)
|
Aggregated information
-Aggregated volume
- Price
|
NOT APPLICABLE
- SINGLE TRANSACTION
|
|
j)
|
Date of the transaction
|
20 AUGUST 2024
|
|
k)
|
Place of transaction
|
OFF
MARKET
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
MARK
GIBBINGS
|
|
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 instrument, type
of instrument identification code
Identification code
|
ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645
|
|
g)
|
Nature of the transaction
|
SALE OF
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, RECEIVED PURSUANT
TO THE COMPANY'S LONG TERM INCENTIVE PLAN
|
|
h)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
0.715540
|
59,148
|
|
|
i)
|
Aggregated information
-Aggregated volume
- Price
|
NOT APPLICABLE
- SINGLE TRANSACTION
|
|
j)
|
Date of the transaction
|
20
AUGUST 2024
|
|
k)
|
Place of transaction
|
LONDON STOCK
EXCHANGE, AIM
|
- ENDS -
|
Vertu Motors plc
|
|
|
Robert Forrester, CEO
|
Tel: 0191 491 2121
|
|
Karen Anderson, CFO
Phil Clark, Investor
relations
|
Tel: 0191 491 2121
PClark@vertumotors.com
|
|
Stifel
|
|
|
Matthew Blawat
Nick Harland
|
Tel: 0207 710 7688
|
|
Camarco
|
|
|
Billy Clegg
Tom Huddart
|
Tel: 020 3757 4983
|
Notes
to Editors
Vertu Motors is the fourth largest
automotive retailer in the UK with a network of 192 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 188 franchised sales outlets and 4 non-franchised sales
operations from 144 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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