Vertu Motors PLC EBT Share Purchase

RNS Number : 5632J

Vertu Motors PLC

25 October 2024

Vertu Motors plc ("Vertu Motors" or "Company")

EBT Share Purchase

Vertu Motors announces that it was notified on 24 October 2024 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 24 October 2024 at a price of 66.5745 pence per Ordinary Share.

The acquired shares were purchased by the Trustee to be held for the purposes of the employee benefit trust and may be used to transfer shares to individuals when options are exercised. This will include the Company's Long Term Incentive Plan, under which each of the executive directors of the Company and other PDMRs are potential participants. They are therefore regarded as having a notional interest in the acquired shares.

	Beneficial holding of Ordinary Shares prior to the Dealing	% of issued share capital prior to the Dealing	Ordinary Shares acquired	Resultant Beneficial holding of Ordinary Shares after the Dealing	Resultant % of issued share capital after the Dealing
Trustee	3,857,692	1.15%	260,000	4,117,692	1.23%

The Company's issued share capital consists of 334,114,357 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Details of the person discharging managerial responsibilities/person closely associated

Name

OCORIAN LIMITED

Reason for the notification

ACQUISITION OF SHARES

Position/status

EBT TRUSTEE

Initial notification/Amendment

INITIAL NOTIFICATION

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

VERTU MOTORS PLC

LEI

213800GIKJEIUIGMI575

Details of transactions(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (vi) each place where transactions have been conducted

Description of the financial instrument, type of instrument identification code

Identification code

ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

GB00B1GK4645

Nature of the transaction

PURCHASE OF ORDINARY SHARES OF 10p EACH IN VERTU MOTORS PLC

Price(s) and volume(s)

Price	Volume(s)
0.665745	260,000

Aggregated information

-Aggregated volume

- Price

n/a

Date of the transaction

24 OCTOBER 2024

Place of transaction

LONDON STOCK EXCHANGE, AIM

- ENDS -

For further information please contact:

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 4980

Notes to Editors

Vertu Motors is the fourth largest automotive retailer in the UK with a network of 193 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu and Macklin Motors brand names.

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group. The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 190 franchised sales outlets and 3 non-franchised sales operations from 145 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - https://investors.vertumotors.com /www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.vertumotorcycles.com

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END

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