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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.90 | 1.33% | 68.70 | 68.60 | 69.20 | 70.00 | 67.80 | 70.00 | 256,147 | 10:22:37 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 9.25 | 236.16M |
TIDMVTU
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 34.6135 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 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:
Volume-weighted average price Aggregated Volume (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 Tel: 0191 491 2111 Robert Forrester, CEO Tel: 0191 491 2112 Karen Anderson, CFO Tel: 020 3829 5000 Zeus Capital Limited Jamie Peel Andrew Jones Dominic King Tel: 020 3757 4983 Camarco Billy Clegg Tom Huddart
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
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(END) Dow Jones Newswires
September 06, 2019 02:23 ET (06:23 GMT)
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