REG - Vertu Motors PLC - Transaction in Own Shares
RNS Number : 5937JVertu Motors PLC06 December 201806 December 2018
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 05 December 2018, it purchased 181,982 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
05 December 2018
Number of ordinary shares purchased
181,982
Highest price paid per ordinary share
37.00 pence
Lowest price paid per ordinary share
35.50 pence
Volume weighted average price paid per ordinary share
36.2446 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 376,884,051 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:
05 December 2018
Aggregate information:
Aggregated volume
Volume-weighted
average price (pence)
Venue
181,982
36.2446
London Stock Exchange
Individual transactions:
32,000
37.00 pence
08:08 UK
25,000
36.50 pence
10:00 UK
545
36.50 pence
10:00 UK
24,455
36.50 pence
10:00 UK
18,000
36.25 pence
10:21 UK
7,000
36.25 pence
10:45 UK
818
36.00 pence
11:34 UK
14,847
36.00 pence
11:47 UK
9,335
36.00 pence
14:55 UK
25,000
35.75 pence
16:25 UK
8,497
35.50 pence
16:27 UK
16,000
35.50 pence
16:27 UK
320
35.50 pence
16:29 UK
165
35.50 pence
16:29 UK
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFOTel: 0191 491 2111
Tel: 0191 491 2112
Zeus Capital Limited
Nicholas HowAndrew 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDPOSUVOBRWNAURAA
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