04 July 2024
Vertu Motors plc
(the "Company")
Notification of PDMR's interests
The Company announces that it was notified on 04 July 2024 that Christopher Taylor, a person discharging managerial responsibility in the Company, had sold 40,000 ordinary shares of 10p each in the Company ("Ordinary Shares"). The sale took place on 27 June 2024 at a price of 74.78 pence per Ordinary Share.
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PDMR | Beneficial holding of Ordinary Shares prior to the dealings above* | % of issued share capital prior to the dealings above* | Ordinary Shares disposed of by PDMR | Resultant Beneficial holding of Ordinary Shares after the dealings above* | Resultant % of issued share capital after the dealings above* |
| Christopher Taylor | 375,280 | 0.11% | 40,000 | 335,280 | 0.10% |
* includes shares held by persons closely associated with the Director.
The Company's issued share capital consists of 337,360,697 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 | CHRISTOPHER TAYLOR | ||||
| 2. | Reason for the notification | SALE 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 financial instrument, type of instrument identification code
Identification code | ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
GB00B1GK4645 | ||||
| b) | Nature of the transaction | SALE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
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| c) | Price(s) and volume(s)
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| d) | Aggregated information
-Aggregated volume
- Price | NOT APPLICABLE - SINGLE TRANSACTION
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| e) | Date of the transaction | 27 JUNE 2024 | ||||
| f) | Place of transaction | LONDON STOCK EXCHANGE, AIM | ||||
- ENDS -
| Vertu Motors plc |
| Tel: +44 (0) 191 491 2121 | |
| Robert Forrester, CEO | | ||
| Karen Anderson, CFO Phil Clark, Investor relations |
PClark@vertumotors.com | ||
| | | | |
| Stifel (Nominated Adviser and Broker) | Tel: +44 (0) 207 710 7688 | ||
| Matthew Blawat | | ||
| Nick Harland | | ||
| | | | |
| Camarco |
| Tel: +44 (0) 203 757 4983 | |
| Billy Clegg | | | |
| Tom Huddart | | | |
| | | | |
| | | | |
| Notes to Editors |
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| Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 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 185 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.vertumotorcycles.com
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