REG - Vertu Motors PLC - Transaction in Own Shares <Origin Href="QuoteRef">VTU.L</Origin>

Vertu MotorsAnnouncement

14/08/2017 07:06

RNS Number : 8491N
Vertu Motors PLC
14 August 2017
14 August 2017
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 11 August 2017, it purchased 258,428 ordinary shares of 10p each in the Companyon the London Stock Exchange (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") announced on 26 July 2017, as follows:
Date of purchase:
11 August 2017
Number of ordinaryshares purchased:
258,428


Highest price paid per ordinary share:
42.75 pence


Lowest price paid per ordinary share:
40.50 pence
Volume weighted average price paid per ordinary share:
40.74 pence 
Application will be made for the Repurchased Shares to be cancelled. Following the cancellation of the Repurchased Shares, the total number of ordinary shares with voting rights will be 395,335,807, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Vertu Motors under the FCA's Disclosure Guidance and Transparency Rules. The Company holds no shares in treasury. 
The Company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme. 
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by Vertu Motors, which were all executed through the Company's broker, Canaccord Genuity Limited, are set out below:
Schedule of Purchases:
Shares purchased:
Vertu Motors plc (ISIN: GB00B1GK4645)
Date of purchases:
11 August 2017


Aggregate information:
Aggregated volume
Volume-weighted
average price,
Venue
258,428
40.74 pence
London Stock Exchange
Individual transactions:
Number of shares
purchased
Transaction price
(per share)
Time of transaction
42,875
40.75 pence
9:08 AM (UK)
41,975
40.75 pence
9:08 AM (UK)
30,000
40.50 pence
9:08 AM (UK)
24,111
40.75 pence
9:08 AM (UK)
24,111
40.75 pence
9:08 AM (UK)
24,111
40.75 pence
9:08 AM (UK)
24,111
40.75 pence
9:08 AM (UK)
7,125
40.75 pence
9:08 AM (UK)
6,000
40.75 pence
9:08 AM (UK)
5,524
40.75 pence
9:08 AM (UK)
24,111
40.75 pence
9:09 AM (UK)
2,094
41.00 pence
10:40 AM (UK)
2,280
42.75 pence
3:58 PM (UK)



For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFO
Tel: 0191 491 2111
Tel: 0191 491 2112
Canaccord Genuity Limited
Bruce Garrow
Chris Connors
Richard Andrews
Tel: 020 7523 8000
Zeus Capital Limited
Dominic King
Tel: 020 3829 5000
Camarco
Billy Clegg 
Tom Huddart
Tel: 020 3757 4983
Notes to Editors
Vertu Motors, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 124 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell 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 121 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.
Vertu Motors Group websites - www.vertumotors.com / www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.farnelljaguar.com / www.vertuvolkswagen.com/ www.vertumercedes-benz.com

This information is provided by RNS
The company news service from the London Stock Exchange
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