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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vertu Motors Plc | LSE:VTU | London | Ordinary Share | GB00B1GK4645 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.70 | 1.05% | 67.50 | 67.20 | 68.50 | 68.60 | 66.90 | 68.20 | 583,759 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 9.03 | 230.37M |
TIDMVTU
RNS Number : 0886H
Vertu Motors PLC
08 March 2018
8 March 2018
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 7 March 2018, it purchased 245,000 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: 7 March 2018 Number of ordinary shares purchased: 245,000 Highest price paid per ordinary share: 42.50 pence Lowest price paid per ordinary share: 42.50 pence Volume weighted average price paid per ordinary share: 42.50 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 383,874,517, 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: 7 March 2018
Aggregate information:
Aggregated volume Volume-weighted Venue average price 245,000 42.50 London Stock Exchange
Individual transactions:
Number of shares Transaction price Time of transaction purchased (per share) 245,000 42.50 pence 9:08 AM (UK)
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111 Robert Forrester, CEO Tel: 0191 491 2112 Michael Sherwin, CFO Canaccord Genuity Limited Tel: 020 7523 8000 Chris Connors Henry Fitzgerald - O'Connor Richard Andrews Tel: 020 3829 5000 Zeus Capital Limited Dominic King Tel: 020 3757 4983 Camarco Billy Clegg Tom Huddart
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 RNS
The company news service from the London Stock Exchange
END
POSUWUBRWVAORRR
(END) Dow Jones Newswires
March 08, 2018 03:30 ET (08:30 GMT)
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