Vertu Motors PLC Notification of PDMR interests
March 07 2024 - 9:48AM
RNS Regulatory News
RNS Number : 0491G
Vertu Motors PLC
07 March 2024
07 March 2024
Vertu Motors plc
(the "Company")
Notification of PDMR
interests
The Company announces
that it was notified on 06 March 2024 that Leonardo Caruso,
a person discharging managerial responsibility in the
Company, had exercised nil-cost options
over 170,347 ordinary shares of 10p each in
the Company ("Ordinary
Shares") on 06 March 2024, that were issued in March 2020
under the Vertu Long Term Incentive Plan. The option exercise was
satisfied via a transfer of Ordinary Shares from the Company's
Employee Benefit Trust.
The Company has also been notified
that Leonardo Caruso sold all of the 170,347 Ordinary Shares
acquired. The sale took place on 07
March 2024 at a price of 66.8420 pence per
Ordinary Share.
|
PDMR
|
Beneficial holding of
Ordinary Shares prior to the dealings above*
|
% of issued share capital
prior to the dealings above*
|
Ordinary Shares acquired by
PDMR
|
Resultant Beneficial holding
of Ordinary Shares after the dealings above*
|
Resultant % of issued share
capital after the dealings above*
|
|
Leonardo Caruso
|
10,430
|
0.00%
|
0
|
10,430
|
0.00%
|
* 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
|
LEONARDO
CARUSO
|
|
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 LONG TERM INCENTIVE PLAN,
RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S
EBT
|
|
h)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
NIL
|
170,347
|
|
|
i)
|
Aggregated information
-Aggregated volume
- Price
|
NOT APPLICABLE
- SINGLE TRANSACTION
|
|
j)
|
Date of the transaction
|
06 MARCH 2024
|
|
k)
|
Place of transaction
|
OFF
MARKET
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
LEONARDO
CARUSO
|
|
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 LONG TERM INCENTIVE PLAN
|
|
h)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
0.668420
|
170,347
|
|
|
i)
|
Aggregated information
-Aggregated volume
- Price
|
NOT APPLICABLE
- SINGLE TRANSACTION
|
|
j)
|
Date of the transaction
|
07
MARCH 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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