Vertu Motors PLC Transaction in Own Shares (4766L)
06 Settembre 2019 - 8:23AM
UK Regulatory
TIDMVTU
RNS Number : 4766L
Vertu Motors PLC
06 September 2019
06 September 2019
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 05 September 2019,
it purchased 163,390 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 24 July 2019 as follows:
Date of purchase 05 September 2019
Number of ordinary shares purchased 163,390
Highest price paid per ordinary share 34.73 pence
Lowest price paid per ordinary share 34.25 pence
Volume weighted average price paid per ordinary 34.6135 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
369,519,862 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 September 2019
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
163,390 34.6135 London Stock Exchange
Individual transactions:
63,390 34.725 pence 10:47 UK
399 34.50 pence 12:13 UK
170 34.50 pence 12:14 UK
1,212 34.50 pence 12:46 UK
210 34.50 pence 12:46 UK
4,000 34.50 pence 12:59 UK
700 34.50 pence 12:59 UK
18,309 34.50 pence 13:26 UK
6,691 34.50 pence 13:26 UK
18,309 34.50 pence 13:26 UK
529 34.25 pence 14:57 UK
574 34.25 pence 14:57 UK
40,000 34.625 pence 15:55 UK
529 34.45 pence 15:58 UK
1,500 34.45 pence 15:59 UK
1,592 34.45 pence 15:59 UK
5,276 34.45 pence 16:00 UK
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Karen Anderson, CFO
Tel: 020 3829 5000
Zeus Capital Limited
Jamie Peel
Andrew Jones
Dominic King
Tel: 020 3757 4983
Camarco
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth 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.
END
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September 06, 2019 02:23 ET (06:23 GMT)
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