Notification of PDMR interests
Leonardo Caruso, Operations Director, exercised nil-cost options over 170,347 shares and immediately sold them at 66.8420p per share.
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The Company announces that it was notified on 06 March 2024 that Leonardo Caruso, a person discharging managerial responsibility in the Company, had exercised nil-cost options over 170,347 ordinary shares of 10p each in the Company ("Ordinary Shares") on 06 March 2024, that were issued in March 2020 under the Vertu Long Term Incentive Plan. The option exercise was satisfied via a transfer of Ordinary Shares from the Company's Employee Benefit Trust.
The Company has also been notified that Leonardo Caruso sold all of the 170,347 Ordinary Shares acquired. The sale took place on 07 March 2024 at a price of 66.8420 pence per Ordinary Share.
| PDMR | Beneficial holding of Ordinary Shares prior to the dealings above* | % of issued share capital prior to the dealings above* | Ordinary Shares acquired by PDMR | Resultant Beneficial holding of Ordinary Shares after the dealings above* | Resultant % of issued share capital after the dealings above* |
|---|---|---|---|---|---|
| Leonardo Caruso | 10,430 | 0.00% | 0 | 10,430 | 0.00% |
* includes shares held by persons closely associated with the PDMR.
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 | LEONARDO CARUSO |
| 2. | Reason for the notification | ACQUISITION OF SHARES |
| b) | Position/status | OPERATIONS DIRECTOR |
| c) | Initial notification/Amendment | INITIAL NOTIFICATION |
| d) | Name | VERTU MOTORS PLC |
| e) | LEI | 213800GIKJEIUIGMI575 |
| 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 | EXERCISE OF OPTION OVER ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC, PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN, RESULTING IN THE TRANSFER OF SHARES FROM THE COMPANY'S EBT |
| h) | Price(s) and volume(s) Price Volume(s) NIL 170,347 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 06 MARCH 2024 |
| k) | Place of transaction | OFF MARKET |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | LEONARDO CARUSO |
| 2. | Reason for the notification | SALE OF SHARES |
| b) | Position/status | OPERATIONS DIRECTOR |
| c) | Initial notification/Amendment | INITIAL NOTIFICATION |
| d) | Name | VERTU MOTORS PLC |
| e) | LEI | 213800GIKJEIUIGMI575 |
| 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, RECEIVED PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN |
| h) | Price(s) and volume(s) Price Volume(s) 0.668420 170,347 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 07 MARCH 2024 |
| k) | Place of transaction | LONDON STOCK EXCHANGE, AIM |
| 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 4983 | |
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