Replacement Announcement - EBT Share Purchase
Vertu Motors plc has corrected a previous announcement regarding an employee benefit trust share purchase. On March 20, 2026, the trustee acquired 256,000 ordinary shares at 59.692 pence per share, increasing the trustee's beneficial holding to 3,891,758 shares, representing 1.25% of the issued share capital. These shares are held for the trust and may be used for employee option exercises, including the Long Term Incentive Plan. The total issued share capital is 312,310,046 ordinary shares.
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Correction to announcement number 6132X made at 07:01 on 23 March 2026 (EBT Share Purchase). An incorrect version of the announcement was released on 23 March; the correct version is set out below.
24 April 2026 (Original RNS Date: 23 March 2026)
Vertu Motors plc ("Vertu Motors" or "Company")
Replacement Announcement - EBT Share Purchase
Vertu Motors announces that it was notified on 20 March 2026 of the following acquisition ("Dealing") of the Company's ordinary shares of 10p each ("Ordinary Shares") by Ocorian Limited ("Trustee"), the trustee of the Company's employee benefit trust. The Dealing took place on 20 March 2026 at a price of 59.692 pence per Ordinary Share.
| Trustee | 3,635,758 | 1.16% | 256,000 | 3,891,758 | 1.25% |
The Company's issued share capital consists of 312,310,046 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 | OCORIAN LIMITED |
| 2. | Reason for the notification | ACQUISITION OF SHARES |
| a) | Position/status | EBT TRUSTEE |
| b) | Initial notification/Amendment | INITIAL NOTIFICATION |
| a) | Name | VERTU MOTORS PLC |
| b) | LEI | 213800GIKJEIUIGMI575 |
| 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 | PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC |
| c) | Price(s) and volume(s) Price Volume(s) 0.59692 256,000 | |
| d) | Aggregated information -Aggregated volume - Price | n/a n/a |
| e) | Date of the transaction | 20 MARCH 2026 |
| f) | 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 Joint Broker) | Tel: +44 (0) 207 710 7688 | |
| Matthew Blawat | ||
| Callum Stewart | ||
| Shore Capital (Joint Broker) | Tel: +44 (0) 20 7408 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.