Additional Listing and Total Voting Rights

RNS Number : 9565S

Vertu Motors PLC

06 December 2012

 



6 December 2012

Vertu Motors plc ("the Company" or "the Group")

Additional Listing and Total Voting Rights

Vertu Motors plc, the fast growing automotive retailer with a network of 89 sales and aftersales outlets across the UK, is pleased to announce that it has applied for 797,872 ordinary shares in the Company to be admitted to trading on AIM in connection with the acquisition of the trade and assets of Springfield Cars Limited's Honda operations, as announced on 3 December 2012. The 797,872 ordinary shares are expected to be admitted to trading on AIM at 8.00 a.m. on 7 December 2012 ("Admission").

Following Admission, the Company's issued and fully paid share capital will consist of 200,075,904 ordinary shares with a nominal value of 10 pence each ("Ordinary Shares"), with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.

The total number of voting rights in the Company will therefore be 200,075,904.

Following Admission, the above figure of 200,075,904 should 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, the Company, under the FSA's Disclosure and Transparency Rules.

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO	Tel: [phone]
Michael Sherwin, FD	Tel: [phone]
Panmure Gordon (UK) Limited
Hugh Morgan	Tel: [phone]
Callum Stewart
Espirito Santo Investment Bank
Peter Tracey Jamie Richards	Tel: [phone]
FTI Consulting
Josephine Corbett	Tel: [phone]

Notes to Editors

Vertu Motors is a fast growing automotive retailer with a network of 89 sales and aftersales outlets across the UK.  Its dealerships operate predominantly under the Bristol Street Motors, Vertu Honda and Macklin Motors brand names. Manufacturer partners are Alfa Romeo, Citroen, Fiat, Ford, Honda, Hyundai, Iveco, Mazda, Mitsubishi, Nissan, Peugeot, Renault, SEAT, Suzuki and Vauxhall.

Vertu Motors was established in November 2006 and listed on AIM on December 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 88 franchised sales outlets and 1 non-franchised sales operation from 73 locations across the UK.

Vertu Motors group websites - www.vertumotors.com / www.vertucareers.com

Vertu Motors brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.motornation.co.uk / www.macklinmotors.co.uk

 

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