Notification of Director's interests
Vertu Motors plc announced that Robert Forrester, CEO, exercised nil-cost options on 518,438 ordinary shares, increasing his beneficial holding to 6,456,398 shares, representing 2.07% of the issued share capital. This transaction, which involved shares transferred from the Company's Employee Benefit Trust, resulted in a nil cost to Mr. Forrester. The company's total issued share capital stands at 312,310,046 ordinary shares.
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The Company announces that it was notified on 13 May 2026 that Robert Forrester, a director of the Company, had exercised nil-cost options over ordinary shares of 10p each in the Company ("Ordinary Shares") on 13 May 2026, that were issued 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.
| 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 | 5,937,960 | 1.90 % | 518,438 | 6,456,398 | 2.07 % |
* includes shares held by persons closely associated with the Director.
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 | 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 518,438 | |
| i) | Aggregated information -Aggregated volume - Price | NOT APPLICABLE - SINGLE TRANSACTION |
| j) | Date of the transaction | 13 MAY 2026 |
| k) | Place of transaction | OFF MARKET |
| 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.