REG - Vertu Motors PLC - Transaction in Own Shares
RNS Number : 0391KVertu Motors PLC06 April 201806 April 2018
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 5 April 2018, it purchased 4,807 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 26 July 2017 and subsequently extended on 11 October 2017 and 25 January 2018, as follows:
Date of purchase:
05 April 2018
Number of ordinary shares purchased:
4,807
Highest price paid per ordinary share:
45.00 pence
Lowest price paid per ordinary share:
45.00 pence
Volume weighted average price paid per ordinary share:
45.00 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 379,292,049 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, Canaccord Genuity Limited, are set out below:
Schedule of Purchases:
Shares purchased:
Vertu Motors plc (ISIN: GB00B1GK4645)
Date of purchases:
05 April 2018
Aggregate information:
Aggregated volume
Volume-weighted
average price
Venue
4,807
45.00
London Stock Exchange
Individual transactions:
3,096
45.00 pence
8:59 AM (UK)
881
45.00 pence
12:02 PM (UK)
60
45.00 pence
12:02 PM (UK)
90
45.00 pence
12:02 PM (UK)
680
45.00 pence
4:29 PM (UK)
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Michael Sherwin, CFOTel: 0191 491 2111
Tel: 0191 491 2112Canaccord Genuity Limited
Chris ConnorsHenry Fitzgerald - O'Connor
Richard AndrewsTel: 020 7523 8000
Zeus Capital Limited
Dominic KingTel: 020 3829 5000
Camarco
Billy Clegg
Tom Huddart
Tel: 020 3757 4983
Notes to Editors
Vertu Motors, the UK automotive retailer with a proven growth strategy, is the sixth largest automotive retailer in the UK with a network of 121 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 118 franchised sales outlets and 3 non-franchised sales operations from 104 locations across the UK.
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 RNSThe company news service from the London Stock ExchangeENDPOSUVVKRWOASRAR
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