Vertu Motors PLC EBT Share Purchase
November 01 2024 - 3:29AM
RNS Regulatory News
RNS Number : 5823K
Vertu Motors PLC
01 November 2024
1 November 2024
Vertu Motors plc ("Vertu
Motors" or "Company")
EBT Share
Purchase
Vertu Motors announces that it was notified on 31
October 2024 of the following acquisition ("Dealing") of the
Company's ordinary shares of 10p each ("Ordinary Shares") by
Ocorian Limited ("Trustee"), the trustee of the Company's employee
benefit trust. The Dealing took place on 31 October 2024 at a
price of 67.435 pence per Ordinary Share.
The acquired shares were purchased
by the Trustee to be held for the purposes of the employee benefit
trust and may be used to transfer shares to individuals when
options are exercised. This will include the Company's Long
Term Incentive Plan, under which each of the executive directors of
the Company and other PDMRs are potential participants. They
are therefore regarded as having a notional interest in the
acquired shares.
|
|
Beneficial
holding of Ordinary Shares prior to the Dealing
|
% of
issued share capital prior to the Dealing
|
Ordinary
Shares acquired
|
Resultant
Beneficial holding of Ordinary Shares after the Dealing
|
Resultant
% of issued share capital after the Dealing
|
|
Trustee
|
5,529,624
|
1.66%
|
119,822
|
5,649,446
|
1.69%
|
The Company's issued share capital
consists of 333,627,071 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
|
OCORIAN
LIMITED
|
|
2.
|
Reason for the notification
|
ACQUISITION OF
SHARES
|
|
a)
|
Position/status
|
EBT
TRUSTEE
|
|
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 financial instrument, type
of instrument identification code
Identification code
|
ORDINARY
SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645
|
|
b)
|
Nature of the transaction
|
PURCHASE OF
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
0.67435
|
119,822
|
|
|
d)
|
Aggregated information
-Aggregated volume
- Price
|
n/a
n/a
|
|
e)
|
Date of the transaction
|
31 OCTOBER
2024
|
|
f)
|
Place of transaction
|
LONDON STOCK
EXCHANGE, AIM
|
- ENDS -
For further
information please contact:
|
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 4980
|
Notes to
Editors
Vertu Motors is the fourth largest automotive
retailer in the UK with a network of 202 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 198 franchised
sales outlets and 4 non-franchised sales operations from 154
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.vertumotorcycles.com
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END
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