29 October 2024
Vertu Motors plc
(the "Company")
Notification of Director's interests
The Company announces that it was notified on 29 October 2024 that David Crane, a director of the Company, had sold 196,736 ordinary shares of 10p each in the Company ("Ordinary Shares"). The sale took place on 29 October 2024 at a price of 66.2034 pence per Ordinary Share.
|
Director |
Beneficial holding of Ordinary Shares prior to the dealings above* |
% of issued share capital prior to the dealings above* |
Ordinary Shares disposed of by Director |
Resultant Beneficial holding of Ordinary Shares after the dealings above* |
Resultant % of issued share capital after the dealings above* |
|
David Crane |
483,684 |
0.14% |
196,736 |
286,948 |
0.09% |
* includes shares held by persons closely associated with the director.
The Company's issued share capital consists of 333,872,346 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 |
DAVID CRANE |
||||
|
2. |
Reason for the notification |
SALE OF SHARES |
||||
|
a) |
Position/status |
COO |
||||
|
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 |
||||
|
c) |
Price(s) and volume(s)
|
|||||
|
d) |
Aggregated information -Aggregated volume - Price |
NOT APPLICABLE - SINGLE TRANSACTION |
||||
|
e) |
Date of the transaction |
29 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