Notification of PDMR interests
Colin Kent exercised nil-cost options over 236,220 shares and immediately sold them at 65.2p per share.
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The Company announces that it was notified on 28 May 2025 that Colin Kent, a person discharging managerial responsibility in the Company, had exercised nil-cost options over 236,220 ordinary shares of 10p each in the Company ("Ordinary Shares") on 27 May 2025, that were issued in March 2021 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 Colin Kent sold all of the 236,220 Ordinary Shares acquired. The sale took place on 28 May 2025 at a price of 65.2000 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* |
|---|---|---|---|---|---|
| Colin Kent | 449,251 | 0.14 % | 0 | 449,251 | 0.14 % |
* includes shares held by persons closely associated with the PDMR.
The Company's issued share capital consists of 325,822,174 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 | COLIN KENT |
| 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) NIL 236,220 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 28 MAY 2025 |
| k) | Place of transaction | OFF MARKET |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | C OLIN KENT |
| 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) 0.652000 236,220 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 28 MAY 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 | ||
| Shore Capital (Joint Broker) | Tel: +44 (0) 207 408 4090 | |
| Mark Percy / Sophie Collins (Corporate Advisory) | ||
| Isobel Jones (Corporate Broking) | ||
| 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.