Vertu Motors PLC Transaction in Own Shares (6891F)
October 30 2018 - 3:38AM
UK Regulatory
TIDMVTU
RNS Number : 6891F
Vertu Motors PLC
30 October 2018
30 October 2018
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 29 October 2018,
it purchased 202,000 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 29 October 2018
Number of ordinary shares purchased 202,000
Highest price paid per ordinary share 36.60 pence
Lowest price paid per ordinary share 36.15 pence
Volume weighted average price paid per ordinary 36.4371 pence
share
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
378,043,049 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: 29 October 2018
Aggregate information:
Aggregated volume Volume-weighted Venue
average price (pence)
202,000 36.4371 London Stock Exchange
Individual transactions:
1 36.20 pence 12:02 UK
100,000 36.60 pence 12:23 UK
52,000 36.40 pence 15:12 UK
49,999 36.15 pence 16:27 UK
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Michael Sherwin, CFO
Tel: 020 3829 5000
Zeus Capital Limited
Nicholas How
Andrew Jones
Dominic King
Tel: 020 3757 4983
Camarco
Billy Clegg
Tom Huddart
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.
END
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