23rd Jul 2009 11:37
23 July 2009
Vertu Motors plc
Result of AGM
Vertu Motors plc, the 9th largest UK motor retailer, announces that all resolutions put to shareholders at the Annual General Meeting held earlier today were duly passed.
- Ends -
For further information please contact:
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Vertu Motors plc |
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Robert Forrester, CEO |
Tel: 0191 206 4617 |
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Karen Anderson, FD |
Tel: 0191 298 6514 |
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Brewin Dolphin Investment Banking |
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Andrew Kitchingman |
Tel: 0845 270 8613 |
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Sean Wyndham-Quin |
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Panmure Gordon (UK) Limited |
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Andrew Burnett |
Tel: 020 7459 3600 |
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Stuart Gledhill |
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Financial Dynamics |
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Caroline Stewart |
Tel: 020 7831 3113 |
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Edward Westropp |
Notes to editors
Vertu Motors is the 9th largest motor retailer in the United Kingdom with 50 dealerships forming a national network across England, operating under the Bristol Street Motors and Bristol Street Motor Nation brand names. Manufacturing partners include Citroen, Ford, Iveco, Honda, Hyundai, Mazda, Peugeot, Renault and Vauxhall.
Vertu Motors was established in November 2006 with the aim of consolidating the UK motor retail sector. The company listed on AIM in December 2006. In March 2007, the Group acquired the 13th largest motor retailer in the United Kingdom, Bristol Street Motors.
Senior management are experienced within the sector, having previously held senior positions within Reg Vardy and CD Bramall. The Group has consistently outperformed the market since its first acquisition.
The Group currently operates 46 franchised sales outlets, 4 non-franchised sales operations and 2 stand alone service operations from 47 locations. It is intended that the Company will continue to acquire motor retail operations to grow a scaled dealership group. The Company's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through the national network.
www.vertumotors.com
www.bristolstreet.co.uk
www.vertuhonda.com
www.motornation.co.uk
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