Vertu Motors PLC EBT Share Purchase
28 Octubre 2024 - 3:36AM
RNS Regulatory News
RNS Number : 8656J
Vertu Motors PLC
28 October 2024
28 October 2024
Vertu Motors plc ("Vertu
Motors" or "Company")
EBT Share
Purchase
Vertu
Motors announces that it was
notified on 25 October 2024 of the
following acquisition ("Dealing") of the Company's ordinary shares
of 10p each ("Ordinary Shares") by Ocorian Limited ("Trustee"), the
trustee of the Company's employee benefit trust. The Dealing
took place on 25 October 2024 at a price of 67.4887 pence per
Ordinary Share.
The
acquired shares were purchased by the Trustee to be held for the
purposes of the employee benefit trust and may be used to transfer
shares to individuals when options are exercised. This will
include the Company's Long Term Incentive Plan, under which each of
the executive directors of the Company and other PDMRs are
potential participants. They are therefore regarded as having
a notional interest in the acquired shares.
|
|
Beneficial
holding of Ordinary Shares prior to the Dealing
|
% of
issued share capital prior to the Dealing
|
Ordinary
Shares acquired
|
Resultant
Beneficial holding of Ordinary Shares after the Dealing
|
Resultant
% of issued share capital after the Dealing
|
|
Trustee
|
4,117,692
|
1.23%
|
388,074
|
4,505,766
|
1.35%
|
The Company's issued share capital
consists of 334,027,572 Ordinary Shares with voting rights.
The Company does not hold any Ordinary Shares in
treasury.
NOTIFICATION AND PUBLIC DISCLOSURE OF
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND
PERSONS CLOSELY ASSOCIATED WITH THEM
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
OCORIAN
LIMITED
|
|
2.
|
Reason for the notification
|
ACQUISITION OF
SHARES
|
|
a)
|
Position/status
|
EBT
TRUSTEE
|
|
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
|
PURCHASE OF
ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC
|
|
c)
|
Price(s) and volume(s)
|
Price
|
Volume(s)
|
|
0.674887
|
388,074
|
|
|
d)
|
Aggregated information
-Aggregated volume
- Price
|
n/a
n/a
|
|
e)
|
Date of the transaction
|
25 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
193 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 190 franchised sales outlets and 3 non-franchised sales
operations from 145 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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END
DSHFIFVAIVLTFIS
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