Vertu Motors PLC Statement re: press speculation (2495C)
15 Ottobre 2020 - 05:29PM
UK Regulatory
TIDMVTU
RNS Number : 2495C
Vertu Motors PLC
15 October 2020
15 October 2020
Vertu Motors plc ("Vertu Motors" or "Company")
Statement re: press speculation
Vertu Motors plc, the UK automotive retailer with a network of
134 sales and aftersales outlets across the UK, notes the recent
press speculation and confirms, as per the stated strategy of the
Company, that it is in discussions with a number of parties
concerning the acquisition of a number of dealerships, including a
small number of BMW dealerships. Any acquisitions would be funded
from existing resources. Discussions are ongoing and there can be
no certainty as to the outcome of the discussions.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Ends
For further information please contact:
Vertu Motors plc Tel: 0191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Zeus Capital Limited Tel: 020 3829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 134 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 131 franchised sales outlets and 3
non-franchised sales operations from 110 locations across the
UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites - investors.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.vertumotors.com /
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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END
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October 15, 2020 11:29 ET (15:29 GMT)
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