VERTU MOTORS PLC

Director's Dealing • Mar 18, 2020

National Storage Mechanism | Additional information

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RNS Number : 6411G

Vertu Motors PLC

18 March 2020

18 March 2020

Vertu Motors plc ("Vertu Motors" or "Company")

PDMR Share Purchase

Vertu Motors announces that it was notified on 18 March 2020, of the following dealing ("Dealing") in ordinary shares of 10p each in the capital of the Company ("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 18 March 2020 at a price of 20.4725p per Ordinary Share. 

PDMR	Beneficial interest in Ordinary Shares prior to the Dealing*	Beneficial interest as % of issued share capital prior to the Dealing*	Ordinary Shares acquired by PDMR	Resultant beneficial interest in Ordinary Shares after the Dealing*	Resultant beneficial interest as % of issued share capital after the Dealing*
Christopher Taylor	292,241	0.08	9,715	301,956	0.08

*includes shares held by the PDMR's PCAs.

The Company's issued share capital consists of 369,173,891 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

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 financial instrument, type of instrument identification code

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

GB00B1GK4645

b)        

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC INTO A SHARE TRADING ACCOUNT

c)         

Price(s) and volume(s)

Price	Volume(s)
£0.204725	9,715

d)        

Aggregated information

-Aggregated volume

- Price

NOT APPLICABLE - SINGLE TRANSACTION

e)        

Date of the transaction

18 March 2020

f)         

Place of transaction

LONDON STOCK EXCHANGE, AIM

- Ends -

For further information please contact:

Vertu Motors plc Robert Forrester, CEO Karen Anderson, CFO	Tel: 0191 491 2111 Tel: 0191 491 2112
Zeus Capital Limited Jamie Peel Andrew Jones Dominic King	Tel: 020 3829 5000
Camarco Billy Clegg Tom Huddart	Tel: 020 3757 4983

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 133 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 130 franchised sales outlets and 3 non-franchised sales operations from 110 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

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