Additional Listing and Total Voting Rights

RNS Number : 9922H

Vertu Motors PLC

27 June 2013

 



27 June 2013                                                                        

For immediate release

Vertu Motors plc ("the Company" or "the Group")

Additional Listing and Total Voting Rights

Vertu Motors plc, the fast growing automotive retailer with a network of 95 sales and aftersales outlets across the UK, is pleased to announce that it has applied for 5,128,205 ordinary shares in the Company to be admitted to trading on AIM in connection with the acquisition of the Vauxhall and SEAT outlets in Carlisle, as announced on 8 January 2013. The 5,128,205 ordinary shares are expected to be admitted to trading on AIM at 8.00 a.m. on 28 June 2013 ("Admission").

Following Admission, the Company's issued and fully paid share capital will consist of 336,783,057 ordinary shares with a nominal value of 10 pence each ("Ordinary Shares"), with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.

The total number of voting rights in the Company will therefore be 336,783,057.

Following Admission, the above figure of 336,783,057 should 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, the Company, under the FSA's Disclosure and Transparency Rules.

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO	Tel: [phone]
Michael Sherwin, FD	Tel: [phone]
Panmure Gordon
Hugh Morgan	Tel: [phone]
Callum Stewart
Espirito Santo Investment Bank
Peter Tracey Jamie Richards	Tel: [phone]
FTI Consulting
Billy Clegg	Tel: [phone]

Notes to Editors

Vertu Motors is the sixth largest automotive retailer in the UK with a network of 95 sales and aftersales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu Honda, Farnell Land Rover and Macklin Motors brand names. Manufacturer partners are Alfa Romeo, Chrysler Jeep, Citroen, Fiat, Ford, Honda, Hyundai, Land Rover, Mazda, Nissan, Peugeot, Renault/Dacia, SEAT, Suzuki, Vauxhall and Volvo.

Vertu Motors was established in November 2006 and listed on AIM in December 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 93 franchised sales outlets and 2 non-franchised sales operation from 77 locations across the UK.

Vertu Motors group websites - www.vertumotors.com / www.vertucareers.com

Vertu Motors brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk   /  www.farnelllandrover.com

 

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