Vertu Motors PLC Transaction in Own Shares (5823L)
09 Settembre 2019 - 8:00AM
UK Regulatory
TIDMVTU
RNS Number : 5823L
Vertu Motors PLC
09 September 2019
09 September 2019
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 06 September 2019,
it purchased 176,525 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 06 September 2019
Number of ordinary shares purchased 176,525
Highest price paid per ordinary share 35.00 pence
Lowest price paid per ordinary share 34.50 pence
Volume weighted average price paid per ordinary 34.8779 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
369,343,337 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: 06 September 2019
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
176,525 34.8779 London Stock Exchange
Individual transactions:
26,059 35.00 pence 09:20 UK
3,555 35.00 pence 09:20 UK
386 35.00 pence 09:20 UK
50,000 35.00 pence 09:21 UK
16,525 34.75 pence 11:58 UK
2,784 34.50 pence 12:02 UK
2 34.50 pence 12:02 UK
18 34.50 pence 12:02 UK
5,463 34.75 pence 12:26 UK
24,537 34.75 pence 12:26 UK
10,368 34.70 pence 13:48 UK
14,632 34.70 pence 13:51 UK
3,373 34.70 pence 15:39 UK
18,823 35.00 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 09, 2019 02:00 ET (06:00 GMT)
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