REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

15/10/2018 08:30

RNS Number : 0199E
Vertu Motors PLC
15 October 2018
 


15 October 2018
 
Vertu Motors plc
 
("Vertu Motors" or the "Company")
 
Transaction in Own Shares
 
 
Vertu Motors plc (AIM: VTU) announces that on 12 October 2018, it purchased 115,000 ordinary shares of 10p each in the Company on the London Stock Exchange (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 10 October 2018, as follows:
 



Date of purchase:             


12 October 2018




Number of ordinary shares purchased:


115,000




Highest price paid per ordinary share:


38.45 pence




Lowest price paid per ordinary share:


38.25 pence




Volume weighted average price paid per ordinary share:


38.2739 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 378,977,049 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, Zeus Capital Limited, are set out below:
 
Schedule of Purchases: 



Shares purchased:        


Vertu Motors plc (ISIN: GB00B1GK4645)




Date of purchases:        


12 October 2018













 
Aggregate information:
 
 



Aggregated volume


Volume-weighted
average price (pence)


Venue




115,000


38.2739


London Stock Exchange



 
Individual transactions:
 



15,000


38.30


Pence


16:24


UK




30,000


38.25


Pence


14:37


UK




30,000


38.25


Pence


12:17


UK




30,000


38.25


Pence


10:35


UK




2,250


38.45


Pence


08:48


UK




7,750


38.45


Pence


08:47


UK



 
For further information please contact:
 



Vertu Motors plc

Robert Forrester, CEO

Michael Sherwin, CFO


Tel: 0191 491 2111

Tel: 0191 491 2112




 
Zeus Capital Limited

Nicholas How
Andrew Jones
Dominic King


Tel: 020 3829 5000




 
Camarco
Billy Clegg
Tom Huddart


Tel: 020 3757 4983



 
 
Notes to Editors
Vertu Motors is the sixth largest automotive retailer in the UK with a network of 125 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 122 franchised sales outlets and 3 non-franchised sales operations from 106 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust". 
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




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