VERTU MOTORS PLC

Board/Management Information • Mar 1, 2019

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RNS Number : 4833R

Vertu Motors PLC

01 March 2019

1 March 2019

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

Board Appointment

Further to the announcement of Directorate changes made on 13 December 2018, Vertu Motors plc, the automotive retailer with a network of 125 sales outlets across the UK, is pleased to confirm the appointment of Karen Anderson (aged 47), as Chief Financial Officer and as a Director of the Company with immediate effect.  Michael Sherwin has stepped down as CFO and director of the Company from the same date. 

The Company also announces that Karen Anderson has stepped down as Company Secretary with effect from 1 March 2019 and been replaced by Nicola Loose, who will take up the role in addition to her current role as the Company's General Counsel. 

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Karen, together with her PCAs, holds 848,312 ordinary shares of 10p each in the Company ("Ordinary Shares") and 930,000 share options over Ordinary Shares. As part of the Company's long-term incentive plan ("LTIP"), Karen has been granted 222,331 share options over Ordinary Shares which have not yet vested and remain subject to certain performance criteria.

Karen holds, or has held in the past 5 years, the directorships and partnerships that are listed below:

Current Directorships or Partnerships:	Previous Directorships or Partnerships:
Aceparts Limited	Alpha Ilford
Albert Farnell Limited	Seton House Manchester Limited
All Car Parts Limited Best 4 Vans Limited	Alpha Shirley Dispose Seton (No 2)
Blacks Autos Limited	Motor Parks Limited
Blake Holdings Limited	Alpha Birmingham
Boydslaw 103 Limited	Alpha Nottingham
Bristol Street Limited Bristol Street Commercials (Italia) Limited	Alpha Bromley Alpha Jessups Limited
Bristol Street Fifth Investments Limited	Alpha Leeds
Bristol Street First Investments Limited	Alpha Huddersfield
Bristol Street Fleet Services Limited Bristol Street Fourth Investments Limited	Alpha Banbury Alpha Southampton
Bristol Street Group Limited Bristol Street (No.1) Limited Bristol Street (No.2) Limited	Alpha Worcester Alpha Cramlington Limited Alpha Poole
Brookside (1998) Limited BSH Pension Trustee Limited CarsandVansDirect Limited	Alpha Newcastle Alpha Stourbridge Alpha Romford
Compare Click Call Limited	Jessups Motor Group
Dobies (Carlisle) Limited	Fleet Datascan Limited
Dunfermline Autocentre Limited	Alpha Stamford
Easy Vehicle Finance Limited	Alpha Bournemouth Limited
Gordon Lamb Group Limited Gordon Lamb Holdings Limited	Alpha Stanley Limited Alpha Sunderland
Gordon Lamb Limited	Alpha Stamford Hill Limited
Grantham Motor Company Limited	Alpha Parts
Hillendale Group Limited	Alpha Ruislip
Hillendale LR Limited Horseshoe Vehicle Contracts Limited	Alpha Sherwood Alpha Cheltenham
Hughes Group Holdings Limited	Milehire Limited
Hughes of Beaconsfield Limited
International Concessionaires Limited
KC Mobility Solutions Limited
Macklin Property Limited Merifield Properties Limited
Motor Nation Car Hypermarkets Limited
National Allparts Limited Newbolds Garage (Mansfield) Limited Peter Blake Limited Peter Blake (Chatsworth) Limited Peter Blake (Clumber) Limited
SHG Holdings Limited
Sigma Holdings Limited
South Hereford Garages Limited
The Taxi Centre Limited Tyne Tees Finance Limited
Typocar Limited Vanman Limited Vans Direct Limited
Vertu Fleet Limited
Vertu Motors (AMC) Limited Vertu Motors (Chingford) Limited Vertu Motors (Continental) Limited
Vertu Motors (Durham) Limited
Vertu Motors (Finance) Limited Vertu Motors (Knaresborough) Limited
Vertu Motors (Pity Me) Limited
Vertu Motors (Property 2) Limited
Vertu Motors (Property) Limited
Vertu Motors (Retail) Limited
Vertu Motors (VMC) Limited
Vertu Motors Property 2 Holdings Limited
Vertu Motors Third Limited Vertu Ventures Limited
Why Pay More For Cars Limited
Widnes Car Centre (1994) Limited
Widnes Car Centre Limited

Save as disclosed above, there are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

For further information please contact:

Vertu Motors plc

Robert Forrester, CEO	Tel: 0191 491 2111
Karen Anderson, CFO	Tel: 0191 491 2103

Zeus Capital Limited

Nicholas How	Tel: 020 3829 5000
Andrew Jones
Dominic King

Camarco

Billy Clegg	Tel: 020 3757 4983
Tom Huddart

Notes to Editors

Vertu Motors, the UK automotive retailer with a proven growth strategy, 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 Company will continue to acquire motor retail operations to grow a scaled dealership group.  The Company's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Company currently operates 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.

Vertu Motors Company 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.

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