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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 | 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 |
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
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(END) Dow Jones Newswires
December 12, 2018 03:30 ET (08:30 GMT)
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