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Notification of PDMR interests

29th May 2025 07:00

RNS Number : 5059K
Vertu Motors PLC
29 May 2025
 

29 May 2025

 

Vertu Motors plc

 

(the "Company")

 

Notification of PDMR interests

 

The Company announces that it was notified on 28 May 2025 that Colin Kent, a person discharging managerial responsibility in the Company, had exercised nil-cost options over 236,220 ordinary shares of 10p each in the Company ("Ordinary Shares") on 27 May 2025, that were issued in March 2021 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 Colin Kent sold all of the 236,220 Ordinary Shares acquired. The sale took place on 28 May 2025 at a price of 65.2000 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*

Colin Kent

449,251

0.14%

0

449,251

0.14%

* includes shares held by persons closely associated with the PDMR.

The Company's issued share capital consists of 325,822,174 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

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)

NIL 236,220

 

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

28 MAY 2025

k)

Place of transaction

OFF MARKET

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

COLIN KENT

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)

0.652000 236,220

 

i)

Aggregated information

 

-Aggregated volume

 

- Price

NOT APPLICABLE - SINGLE TRANSACTION

j)

Date of the transaction

  28 MAY 2025

k)

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

Stifel (Nominated Adviser and Broker)

Tel: +44 (0) 207 710 7688

Matthew Blawat

Nick Harland

Shore Capital (Joint Broker)

Tel: +44 (0) 207 408 4090

Mark Percy / Sophie Collins (Corporate Advisory)

 

Isobel Jones (Corporate Broking)

Camarco

 

Tel: +44 (0) 203 757 4980

Billy Clegg

Tom Huddart

Notes to Editors

 

Vertu Motors is the fourth largest automotive retailer in the UK with a network of 198 sales outlets across the UK.

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 195 franchised sales outlets and 3 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.comVertu brand websites - www.vertumotors.com / www.vertuhonda.com / www.vertutoyota.com / www.vertumotorcycles.com

 

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END
 
 
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