REG - Vertu Motors PLC - Transaction in Own Shares
RNS Number : 0537FVertu Motors PLC10 July 201910 July 2019
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 09 July 2019, it purchased 100,274 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
09 July 2019
Number of ordinary shares purchased
100,274
Highest price paid per ordinary share
39.00 pence
Lowest price paid per ordinary share
37.00 pence
Volume weighted average price paid per ordinary share
38.4244 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 373,465,950 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:
09 July 2019
Aggregate information:
Aggregated volume
Volume-weighted
average price (pence)
Venue
100,274
38.4244
London Stock Exchange
Individual transactions:
50,000
39.00 pence
10:26 UK
10,900
37.00 pence
12:26 UK
9,374
38.00 pence
14:19 UK
175
37.80 pence
14:33 UK
2,898
37.90 pence
15:05 UK
18
37.90 pence
15:11 UK
4,000
37.95 pence
15:19 UK
9,294
37.95 pence
15:48 UK
3,615
38.40 pence
16:02 UK
186
38.30 pence
16:03 UK
9,814
38.30 pence
16:03 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
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.ENDPOSURUNRKAABARR
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