Vertu Motors plc (LON:VTU) announced today that it was notified on 6 November 2018, of the following acquisition in the Company’s ordinary shares of 10p each by Peter Jones, Chairman and director in the Company. The Dealing took place on 6 November 2018 at a price of 36.75p per Ordinary Share:
|
|
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* |
|
Peter Jones |
1,522,000 |
0.40 |
228,000 |
1,750,000 |
0.46 |
*includes shares held by the Director’s PCAs.
The Company’s issued share capital consists of 377,581,736 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 |
PETER JONES |
||||
|
2. |
Reason for the notification |
ACQUISITION OF SHARES |
||||
|
a) |
Position/status |
CHAIRMAN |
||||
|
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)
|
|||||
|
d) |
Aggregated information
-Aggregated volume
– Price |
NOT APPLICABLE – SINGLE TRANSACTION |
||||
|
e) |
Date of the transaction |
6 NOVEMBER 2018 |
||||
|
f) |
Place of transaction |
LONDON STOCK EXCHANGE, AIM |
||||
Vertu Motors is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.
Vertu Motors plc 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 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.
