02 November 2021
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 01 November 2021 that Colin Kent, a person discharging managerial responsibility in the Company, had transferred legal ownership of 21,340 ordinary shares of 10p each in the Company ("Ordinary Shares") into a share trading account for nil consideration without any change in beneficial ownership. The transfer took place on 01 November 2021.
Resultant | Resultant % | ||||
% of issued | Beneficial | of issued | |||
Beneficial holding | share | Ordinary | holding of | share | |
of Ordinary | capital prior | Shares | Ordinary | capital after | |
PDMR | Shares prior to | to the | acquired by | Shares after | the |
the Dealings* | Dealings* | PDMR* | the Dealings* | Dealings* | |
Colin Kent | 442,663 | 0.12% | n/a | 442,663 | 0.12% |
* includes shares held by persons closely associated with the PDMR.
The Company's issued share capital consists of 364,651,748 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 | COLIN KENT | ||||
2. | Reason for the notification | TRANSFER 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 | ORDINARY SHARES OF 10p EACH IN | ||||
instrument, type of instrument | VERTU MOTORS PLC | |||||
identification code | ||||||
Identification code | GB00B1GK4645 | |||||
g) | Nature of the transaction | TRANSFER OF LEGAL OWNERSHIP OF | ||||
ORDINARY SHARES OF 10p EACH IN | ||||||
VERTU MOTORS PLC INTO A SHARE | ||||||
TRADING ACCOUNT | ||||||
h) | Price(s) and volume(s) | |||||
Price | Volume(s) | |||||
NIL | 21,340 | |||||
i) | Aggregated information | NOT APPLICABLE - SINGLE | ||||
TRANSACTION | ||
-Aggregated volume | ||
- Price | ||
j) | Date of the transaction | 01 NOVEMBER 2021 |
k) | Place of transaction | OFF MARKET |
- Ends - | |
For further information please contact: | |
Vertu Motors plc | |
Robert Forrester, CEO | Tel: 0191 491 2121 |
Karen Anderson, CFO | Tel: 0191 491 2121 |
Zeus Capital Limited | |
Jamie Peel | Tel: 020 3829 5000 |
Andrew Jones | |
Dominic King | |
Camarco | |
Billy Clegg | Tel: 020 3757 4983 |
Tom Huddart |
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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
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Disclaimer
Vertu Motors plc published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 14:49:10 UTC.