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Vertu Motors PLC (VTU)

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Wednesday 14 August, 2019

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 9501I
Vertu Motors PLC
14 August 2019

14 August 2019

Vertu Motors plc


("Vertu Motors" or the "Company")


Transaction in Own Shares



Vertu Motors plc (AIM: VTU) announces that on 13 August 2019, it purchased 109,026 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

13 August 2019

Number of ordinary shares purchased


Highest price paid per ordinary share

34.00 pence

Lowest price paid per ordinary share

33.75 pence

Volume weighted average price paid per ordinary share

33.8342 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 371,676,583 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:        

13 August 2019




Aggregate information:





Aggregated Volume

Volume-weighted average price (pence)




London Stock Exchange




Individual transactions:


34.00 pence

 11:19 UK


33.90 pence

 11:19 UK


33.90 pence

 11:19 UK


33.75 pence

 14:12 UK


33.825 pence

 15:48 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



Billy Clegg

Tom Huddart

Tel: 020 3757 4983



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 - /

Vertu brand websites - / / / / / / /



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