11th May 2016 12:25
LONDON (Alliance News) - Vertu Motors PLC said Non-Executive Director Ken Lever bought 40,800 shares at a price of 61.23 pence per share on Wednesday.
The purchase is Lever's only holding after joining the board last June.
Vertu Motors on Wednesday reported growth in profit in its recently-ended financial year as it grew revenue in each of its divisions, boosted by acquisitions it made during the year.
Vertu said its pretax profit in the year ended February 29 grew to GBP26.0 million from GBP21.0 million the year before, as revenue rose to GBP2.42 billion from GBP2.07 billion. It also acquired 16 dealerships in the year, including Audi, Honda, Volkswagen, Mercedes-Benz, Jaguar and Land Rover.
Shares in the AIM-listed car dealer were down 2.4% at 59.08p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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