VERTU MOTORS PLC

Transaction in Own Shares • Sep 6, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4766L

Vertu Motors PLC

06 September 2019

06 September 2019

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 05 September 2019, it purchased 163,390 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	05 September 2019
Number of ordinary shares purchased	163,390
Highest price paid per ordinary share	34.73 pence
Lowest price paid per ordinary share	34.25 pence
Volume weighted average price paid per ordinary share	34.6135 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 369,519,862 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:	05 September 2019

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
163,390	34.6135	London Stock Exchange

Individual transactions:

63,390	34.725 pence	10:47 UK
399	34.50 pence	12:13 UK
170	34.50 pence	12:14 UK
1,212	34.50 pence	12:46 UK
210	34.50 pence	12:46 UK
4,000	34.50 pence	12:59 UK
700	34.50 pence	12:59 UK
18,309	34.50 pence	13:26 UK
6,691	34.50 pence	13:26 UK
18,309	34.50 pence	13:26 UK
529	34.25 pence	14:57 UK
574	34.25 pence	14:57 UK
40,000	34.625 pence	15:55 UK
529	34.45 pence	15:58 UK
1,500	34.45 pence	15:59 UK
1,592	34.45 pence	15:59 UK
5,276	34.45 pence	16:00 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 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

POSUNUNRKAAKRRR