Transaction in Own Shares

RNS Number : 7367B
Vertu Motors PLC
10 June 2019
 

10 June 2019

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 10 June 2019, it purchased 192,962 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

10 June 2019

Number of ordinary shares purchased

192,962

Highest price paid per ordinary share

40.00 pence

Lowest price paid per ordinary share

39.75 pence

Volume weighted average price paid per ordinary share

39.8796 pence

 

 

 

 

 

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 374,591,539 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:        

10 June 2019

 

 

 

Aggregate information:

 

 

Aggregated volume

Volume-weighted

average price (pence)
 

Venue

192,962

39.8796

London Stock Exchange

 

Individual transactions:

 

33,360

40.00 pence

 09:35 UK

 7,342

40.00 pence

 09:35 UK

 11,031

40.00 pence

 09:36 UK

 3,026

40.00 pence

 09:36 UK

 4,059

40.00 pence

 09:36 UK

 3,958

40.00 pence

 09:36 UK

 1,680

40.00 pence

 09:58 UK

 9,452

40.00 pence

 10:44 UK

 1,603

40.00 pence

 10:44 UK

 9,711

40.00 pence

 10:44 UK

 3,776

40.00 pence

 10:44 UK

 1,704

40.00 pence

 10:44 UK

 1,681

39.75 pence

 11:10 UK

 1,166

39.75 pence

 11:35 UK

 1,204

39.75 pence

 11:46 UK

 5,570

39.75 pence

 11:50 UK

 379

39.75 pence

 11:54 UK

 1,680

39.75 pence

 12:20 UK

 1,131

39.75 pence

 12:44 UK

 1,683

39.75 pence

 13:17 UK

 5,506

39.75 pence

 13:18 UK

 7,451

39.75 pence

 13:18 UK

 3,527

39.75 pence

 13:24 UK

 2,549

39.75 pence

 13:24 UK

 7,184

39.75 pence

 13:24 UK

 1,165

39.75 pence

 13:39 UK

 2,816

39.75 pence

 13:39 UK

 1,681

39.75 pence

 14:16 UK

 7,454

39.75 pence

 14:49 UK

 865

39.75 pence

 14:54 UK

 1,013

39.75 pence

 15:15 UK

 1,681

39.80 pence

 16:15 UK

 1,690

39.80 pence

 16:21 UK

 518

39.80 pence

 16:35 UK

 1,209

39.80 pence

 16:35 UK

 533

39.80 pence

 16:35 UK

 19,295

39.80 pence

 16:35 UK

 4,609

39.80 pence

 16:35 UK

 8,868

39.80 pence

 16:35 UK

 7,222

39.80 pence

 16:35 UK

 74

39.80 pence

 16:35 UK

 856

39.80 pence

 16:35 UK


 

For further information please contact:

 

Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

 

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

 

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

 

Notes to Editors

Vertu Motors is the sixth 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

 


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