Vertu Motors chairman Peter Jones purchased 228,000 ordinary shares in the AIM-listed motor retailer on Wednesday.
Jones, who was appointed to the role of chairman back in 2014, acquired the shares at an average price of 36.75p each, for a total value of £83,790.

Vertu turned in a drop in pre-tax profits as part of its first-half report card back in October, highlighting a weaker sterling and newly imposed emissions regulations across the EU as factors that had weighed on the firm's margins.

It told investors that adjusted pre-tax profits had decreased 13.4% in the six months ended 31 August to £18.1m, despite revenues growing 7.1% to £1.5bn.

Vertu claimed that supply side issues in the market had brought about a decline in new car volumes – tightening the outfit's gross margin to 10.7% from 11%.

As of 1620 GMT, Vertu shares had picked up 2.84% to 38p.

Top Director Buys

Vertu Motors (VTU)
Director name: Jones,Peter
Amount purchased: 228,000 @ 36.75p
Value: £83,790.00

Up Global Sourcing Holdings (UPGS)
Director name: McCarthy,James
Amount purchased: 135,000 @ 39.30p
Value: £53,055.00

Safestyle Uk (SFE)
Director name: Lovell,Alan
Amount purchased: 30,000 @ 96.20p
Value: £28,860.00

Parity Group (PTY)
Director name: Firth,David
Amount purchased: 50,000 @ 7.50p
Value: £3,750.00

Touchstone Exploration Inc Npv (di) (TXP)
Director name: Baay,Paul R.
Amount purchased: 11,742 @ $0.33
Value: $3,025.82

Touchstone Exploration Inc Npv (di) (TXP)
Director name: Shipka,James
Amount purchased: 9,091 @ $0.33
Value: $2,342.68

Touchstone Exploration Inc Npv (di) (TXP)
Director name: Budau,Scott
Amount purchased: 4,545 @ $0.33
Value: $1,171.21

Mj Gleeson (GLE)
Director name: Allanson ,Stefan
Amount purchased: 28 @ 700.00p
Value: £196.00

Mj Gleeson (GLE)
Director name: Harrison,Jolyon
Amount purchased: 28 @ 700.00p
Value: £196.00

Phoenix Group Holdings (di) (PHNX)
Director name: Thakrar,Rakesh
Amount purchased: 24 @ 620.50p
Value: £148.92

Phoenix Group Holdings (di) (PHNX)
Director name: Jefford,Stephen
Amount purchased: 24 @ 620.50p
Value: £148.92

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