VERTU MOTORS PLC

Director's Dealing • Apr 8, 2022

National Storage Mechanism | Additional information

RNS Number : 8298H

Vertu Motors PLC

08 April 2022

08 April 2022

Vertu Motors plc

(the "Company")

Notification of PDMR's interests

The Company announces that it was notified on 07 April 2022 that Ian Harrison, a person discharging managerial responsibility in the Company, had exercised options over 400,000 ordinary shares of 10p each in the Company ("Ordinary Shares") on 07 April 2022, that were issued in June 2012 under the Vertu Company Share Option Plan.  The Company has also been notified that Ian Harrison sold 289,808 of the 400,000 Ordinary Shares received to satisfy the associated exercise price and income tax and National Insurance liability.  The sale took place on 07 April 2022 at a price of 58.823 pence per Ordinary Share.

PDMR	Beneficial holding of Ordinary Shares prior to the dealings*	% of issued share capital prior to the dealings*	Ordinary Shares acquired by PDMR**	Resultant Beneficial holding of Ordinary Shares after the dealings*	Resultant % of issued share capital after the dealings*
Ian Harrison	249,619	0.07%	110,192	359,811	0.10%

* includes shares held by persons closely associated with the PDMR.

** net amount after the sales to satisfy the exercise price and tax and NI liability.

The Company's issued share capital consists of 357,826,916 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

IAN HARRISON

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 SHARE OPTION PLAN, RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S EBT

h)  

Price(s) and volume(s)

Price	Volume(s)
0.275	400,000

i)   

Aggregated information

-Aggregated volume

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)   

Date of the transaction

07 APRIL 2022

k)  

Place of transaction

OFF MARKET

1.  

Details of the person discharging managerial responsibilities/person closely associated

a)  

Name

IAN HARRISON

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 SHARE OPTION PLAN

h)  

Price(s) and volume(s)

Price	Volume(s)
0.588230	289,808

i)   

Aggregated information

-Aggregated volume

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)   

Date of the transaction

07 APRIL 2022

k)  

Place of transaction

LONDON STOCK EXCHANGE, AIM

- Ends -

For further information please contact:

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

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 159 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 156 franchised sales outlets and 3 non-franchised sales operations from 120 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - investors.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertumotorcycles.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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUPUCGCUPPGGR