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VTU Vertu Motors Plc

67.50
0.70 (1.05%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 68.20 541,050 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 8.97 229M

Vertu Motors PLC Transaction in Own Shares (1743K)

12/12/2018 8:30am

UK Regulatory


Vertu Motors (LSE:VTU)
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From Mar 2019 to Mar 2024

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TIDMVTU

RNS Number : 1743K

Vertu Motors PLC

12 December 2018

12 December 2018

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 11 December 2018, it purchased 89,047 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 December as follows:

 
  Date of purchase                                   11 December 2018 
   Number of ordinary shares purchased                89,047 
   Highest price paid per ordinary share              35.80 pence 
   Lowest price paid per ordinary share               35.80 pence 
   Volume weighted average price paid per ordinary    35.5842 pence 
    share 
 
 

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 376,605,968 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 December 2018 
 
 

Aggregate information:

 
Aggregated volume  Volume-weighted         Venue 
                    average price (pence) 
89,047             35.5842                 London Stock Exchange 
 

Individual transactions:

 
   216      35.80 pence   12:02 UK 
    3,571    35.80 pence   12:02 UK 
    52       35.80 pence   12:02 UK 
    285      35.80 pence   12:02 UK 
    866      35.80 pence   12:12 UK 
    12,000   35.80 pence   13:10 UK 
    7,154    35.80 pence   14:17 UK 
    856      35.80 pence   14:17 UK 
    9,711    35.50 pence   14:34 UK 
    494      35.50 pence   15:37 UK 
    14,795   35.50 pence   16:23 UK 
    10,000   35.50 pence   16:23 UK 
    10,309   35.50 pence   16:23 UK 
    10,000   35.50 pence   16:23 UK 
    4,475    35.50 pence   16:23 UK 
    1,728    35.50 pence   16:35 UK 
    866      35.50 pence   16:35 UK 
    339      35.50 pence   16:35 UK 
    110      35.50 pence   16:35 UK 
    75       35.50 pence   16:35 UK 
    244      35.50 pence   16:35 UK 
    757      35.50 pence   16:35 UK 
    144      35.50 pence   16:35 UK 
 

For further information please contact:

 
 Vertu Motors plc         Tel: 0191 491 2111 
  Robert Forrester, CEO    Tel: 0191 491 2112 
  Michael Sherwin, CFO 
                          Tel: 020 3829 5000 
   Zeus Capital Limited 
   Nicholas How 
   Andrew Jones 
   Dominic King 
                          Tel: 020 3757 4983 
   Camarco 
   Billy Clegg 
   Tom Huddart 
 

Notes to Editors

Vertu Motors is the sixth largest automotive retailer in the UK with a network of 125 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 122 franchised sales outlets and 3 non-franchised sales operations from 106 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

POSUAUWRWBAUAAA

(END) Dow Jones Newswires

December 12, 2018 03:30 ET (08:30 GMT)

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