VERTU MOTORS PLC

Director's Dealing • May 17, 2024

National Storage Mechanism | Additional information

RNS Number : 9563O

Vertu Motors PLC

17 May 2024

17 May 2024

Vertu Motors plc

(the "Company")

Notification of Director's interests

The Company announces that Jonathan Mewett, a non-executive director of the Company , has purchased ordinary shares of 10p each in the capital of the Company ("Ordinary Shares"). 

The purchase took place on 17 May 2024 at a price of 79.502 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*
Jonathan Mewett	0	0.00%	50,000	50,000	0.01%

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

The Company's issued share capital consists of 337,602,150 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

JONATHAN MEWETT

2.    

Reason for the notification

PURCHASE OF SHARES

b)  

Position/status

NON-EXECUTIVE 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

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC.

h)    

Price(s) and volume(s)

Price	Volume(s)
0.79502	50,000

i)     

Aggregated information

-Aggregated volume

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)     

Date of the transaction

17 MAY 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 188 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 184 franchised sales outlets and 4 non-franchised sales operations from 143 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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