Information  X 
Enter a valid email address

Vertu Motors PLC (VTU)

  Print      Mail a friend       Annual reports

Friday 12 July, 2019

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 3550F
Vertu Motors PLC
12 July 2019
 

12 July 2019

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 11 July 2019, it purchased 97,164 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

11 July 2019

Number of ordinary shares purchased

97,164

Highest price paid per ordinary share

38.45 pence

Lowest price paid per ordinary share

38.00 pence

Volume weighted average price paid per ordinary share

38.3131 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 373,269,083 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:        

11 July 2019



 

Aggregate information:

 

Aggregated volume

Volume-weighted

average price (pence)

Venue

97,164

38.3131

London Stock Exchange

 

 

 

Individual transactions:

 

25,000

38.325 pence

 12:14 UK

 25,000

38.20 pence

 14:03 UK

 2,500

38.00 pence

 15:30 UK

 1,843

38.00 pence

 15:30 UK

 4,343

38.00 pence

 15:44 UK

 270

38.40 pence

 15:50 UK

 751

38.45 pence

 15:54 UK

 10,949

38.45 pence

 15:54 UK

 3,300

38.45 pence

 15:54 UK

 3,430

38.45 pence

 15:54 UK

 19,778

38.45 pence

 15:54 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

 

 


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 [email protected] or visit www.rns.com.
 
END
 
 
POSUUONRKAABARR

a d v e r t i s e m e n t