REG - Vertu Motors PLC - Transaction in Own Shares
RNS Number : 7867DVertu Motors PLC28 June 201928 June 2019
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 28 June 2019, it purchased 194,863 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
27 June 2019
Number of ordinary shares purchased
194,863
Highest price paid per ordinary share
39.45 pence
Lowest price paid per ordinary share
39.00 pence
Volume weighted average price paid per ordinary share
39.1690 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 374,080,230 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:
27 June 2019
Aggregate information:
Aggregated volume
Volume-weighted
average price (pence)
Venue
194,863
39.1690
London Stock Exchange
Individual transactions:
10,000
39.15 pence
09:14 UK
324
39.15 pence
09:14 UK
803
39.15 pence
09:34 UK
277
39.15 pence
09:34 UK
3,459
39.15 pence
09:39 UK
16,988
39.00 pence
09:39 UK
8
39.00 pence
09:40 UK
1,091
39.00 pence
09:49 UK
185
39.00 pence
12:02 UK
7,645
39.00 pence
13:38 UK
6,538
39.00 pence
13:42 UK
10,000
39.45 pence
13:54 UK
6,126
39.00 pence
15:18 UK
1,521
39.00 pence
15:18 UK
5,322
39.00 pence
15:23 UK
914
39.00 pence
15:36 UK
5,175
39.00 pence
15:36 UK
10,000
39.30 pence
15:40 UK
10,000
39.35 pence
15:49 UK
20,000
39.20 pence
16:05 UK
3,139
39.20 pence
16:10 UK
5,686
39.20 pence
16:10 UK
937
39.20 pence
16:17 UK
4,134
39.20 pence
16:17 UK
786
39.20 pence
16:17 UK
6,000
39.20 pence
16:18 UK
2,080
39.20 pence
16:21 UK
1,311
39.20 pence
16:21 UK
2,367
39.20 pence
16:21 UK
14,130
39.20 pence
16:21 UK
15,110
39.20 pence
16:21 UK
3,930
39.20 pence
16:21 UK
11,014
39.20 pence
16:21 UK
7,863
39.20 pence
16:21 UK
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFOTel: 0191 491 2111
Tel: 0191 491 2112
Zeus Capital Limited
Jamie PeelAndrew 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 123 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 120 franchised sales outlets and 3 non-franchised sales operations from 104 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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