VTU.L

Vertu Motors Plc
Vertu Motors PLC - Notification of Director’s interests
29th October 2024, 14:20
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RNS Number : 0965K
Vertu Motors PLC
29 October 2024
 

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)

 

Price

Volume(s)

0.662034

196,736

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

 

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