Vertu Motors PLC PDMR Share Purchase (2170P)
24 May 2018 - 10:00PM
UK Regulatory
TIDMVTU
RNS Number : 2170P
Vertu Motors PLC
24 May 2018
24 May 2018
Vertu Motors plc ("Vertu Motors" or "Company")
PDMR Share Purchase
Vertu Motors announces that it was notified on 24 May 2018, 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 May
2018 at a price of 44p per Ordinary Share.
Beneficial Resultant
interest beneficial
Beneficial as % of Resultant interest
PDMR interest issued beneficial as % of
in Ordinary share interest issued
Shares capital Ordinary in Ordinary share
prior prior Shares Shares capital
to the to the acquired after after
Dealing* Dealing* by PDMR the Dealing* the Dealing*
------------- ------------- ----------- ---------- -------------- --------------
Christopher
Taylor 258,568 0.07 4,400 262,968 0.07
------------- ------------- ----------- ---------- -------------- --------------
*includes shares held by the PDMR's PCAs.
The Company's issued share capital consists of 379,292,049
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 ORDINARY SHARES OF 10p
financial instrument, EACH IN VERTU MOTORS PLC
type of instrument GB00B1GK4645
identification code
Identification code
-------- ------------------------------- -----------------------------
b) Nature of the transaction PURCHASE OF ORDINARY SHARES
OF 10p EACH IN VERTU MOTORS
PLC INTO A SHARE TRADING
ACCOUNT BY THE EXERCISE
OF A SHARE OPTION
-------- ------------------------------- -----------------------------
c) Price(s) and volume(s)
Price Volume(s)
--------- ----------
GBP0.44 4,400
--------- ----------
-------- --------------------------------------------------------------
d) Aggregated information NOT APPLICABLE - SINGLE
-Aggregated volume TRANSACTION
- Price
-------- ------------------------------- -----------------------------
e) Date of the transaction 18 MAY 2018
-------- ------------------------------- -----------------------------
- Ends -
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Michael Sherwin, CFO
Canaccord Genuity Limited Tel: 020 7523 8000
Chris Connors
Henry Fitzgerald-O'Connor
Richard Andrews
Zeus Capital Limited Tel: 020 3829 5000
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
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 121 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 118 franchised sales outlets and 3
non-franchised sales operations from 104 locations across the
UK.
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
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.
END
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