Notification of Directors’ interests
CEO and CFO exercised nil-cost options over shares issued under Long Term Incentive Plan.
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The Company announces that it was notified on 10 March 2025 that Robert Forrester and Karen Anderson, each directors of the Company, had exercised nil-cost options over ordinary shares of 10p each in the Company ("Ordinary Shares") on 10 March 2025, that were issued in March 2021 under the Vertu Long Term Incentive Plan. The option exercises were satisfied via transfers of Ordinary Shares from the Company's Employee Benefit Trust.
| Director | Beneficial holding of Ordinary Shares prior to the dealings above* | % of issued share capital prior to the dealings above* | Ordinary Shares acquired by Director | Resultant Beneficial holding of Ordinary Shares after the dealings above* | Resultant % of issued share capital after the dealings above* |
|---|---|---|---|---|---|
| Robert Forrester | 5,491,740 | 1.67 % | 443,451 | 5,935,191 | 1.80 % |
| Karen Anderson | 1,168,859 | 0.35% | 249,480 | 1,418,339 | 0.43 % |
* includes shares held by persons closely associated with the Director.
The Company's issued share capital consists of 329,602,905 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 | ROBERT FORRESTER |
| 2. | Reason for the notification | ACQUISITION OF SHARES |
| b) | Position/status | CEO |
| 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 443,451 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 10 MARCH 2025 |
| k) | Place of transaction | OFF MARKET |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | KAREN ANDERSON |
| 2. | Reason for the notification | ACQUISITION OF SHARES |
| b) | Position/status | CFO |
| 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 249,480 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 10 MARCH 2025 |
| k) | Place of transaction | LONDON STOCK EXCHANGE, AIM |
| Vertu Motors plc | Tel: +44 (0) 191 491 2121 | |
| Robert Forrester, CEO | ||
| Karen Anderson, CFO Phil Clark, Investor Relations | ||
| Stifel (Nominated Adviser and Broker) | Tel: +44 (0) 207 710 7688 | |
| Matthew Blawat | ||
| Nick Harland | ||
| Camarco | Tel: +44 (0) 203 757 4980 | |
Billy Clegg
Tom Huddart
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.