Vertu Motors PLC PDMR Share Purchase (6777D)
July 08 2016 - 4:54AM
UK Regulatory
TIDMVTU
RNS Number : 6777D
Vertu Motors PLC
08 July 2016
8 July 2016
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Share Purchase -initial notification
Vertu Motors announces that it was notified on 6 July 2016, of
the following acquisition ("Dealing") in the Company's ordinary
shares of 10p each ("Ordinary Shares") by Christopher Taylor,
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 6 July
2016 at a price of 37.89p per Ordinary Share:
Beneficial Resultant
holding % of issued Beneficial Resultant
of Ordinary share holding % of issued
PDMR Shares capital Ordinary of Ordinary share
prior prior Shares Shares capital
to the to the acquired after after
Dealing* Dealing* by PDMR the Dealing* the Dealing*
------------- ------------- ------------ ---------- -------------- --------------
Christopher
Taylor 149,720 0.04 39,561 189,281 0.05
------------- ------------- ------------ ---------- -------------- --------------
*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 CLOSLEY
ASSOCIATED WITH THEM
1. Details of the person discharging managerial
responsibilities/person closely associated
----- --------------------------------------------------------------
a) Name CHRISTOPHER TAYLOR
----- ------------------------------- -----------------------------
2. Reason for the notification ACQUISITION 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 PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS
PLC
----- ------------------------------- -----------------------------
c) Price(s) and volume(s)
Price Volume(s)
----------- ----------
GBP0.3789 39,561
----------- ----------
----- --------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
----- ------------------------------- -----------------------------
e) Date of the transaction 6 JULY 2016
----- ------------------------------- -----------------------------
f) Place of transaction 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
Adam Pollock Tel: 020 7533 7727
Camarco
Billy Clegg Tel: 020 3757 4983
Georgia Mann
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 132 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 129 franchised sales outlets and 3
non-franchised sales operations from 109 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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July 08, 2016 05:54 ET (09:54 GMT)