Notification of Director’s interests

Source: RNS
RNS Number : 2502U
Vertu Motors PLC
28 June 2024
 

28 June 2024

 

Vertu Motors plc

 

(the "Company")

 

Notification of Director's interests

 

The Company announces that it was notified on 27 June 2024 that Helen Forrester, the wife of Robert Forrester, CEO of the Company, had sold 2 million ordinary shares of 10p each in the Company ("Ordinary Shares").  The sales took place in two tranches of 1 million Ordinary Shares each over 26 and 27 June 2024 at a price of 77.55 pence and 74.00 pence per Ordinary Share respectively.

 

 

 

Director

Beneficial holding of Ordinary Shares prior to the dealings above*

% of issued share capital prior to the dealings above*

Ordinary Shares disposed by Director

Resultant Beneficial holding of Ordinary Shares after the dealings above*

Resultant % of issued share capital after the dealings above*

Robert Forrester

7,491,740

2.22%

2,000,000

5,491,740

1.63%

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

The Company's issued share capital consists of 337,602,150 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

HELEN FORRESTER

2.   

Reason for the notification

SALE OF SHARES

b)   

Position/status

SPOUSE of ROBERT FORRESTER, CEO

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

 

h)   

Price(s) and volume(s)

 

Price

Volume(s)

0.7755

1,000,000

0.7400

1,000,000

i)    

Aggregated information

 

-Aggregated volume

 

- Price

 

 

2,000,000 shares

 

0.75775

j)    

Date of the transaction

 26 and 27 JUNE 2024

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

 

PClark@vertumotors.com





Stifel (Nominated Adviser and Broker)

Tel: +44 (0) 207 710 7688

Matthew Blawat


Nick Harland






Camarco

 

Tel: +44 (0) 203 757 4983

Billy Clegg




Tom Huddart












Notes to Editors

 



Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 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 185 franchised sales outlets and 4 non-franchised sales operations from 143 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.vertumotorcyles.com

 

 

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