8 Sep 2014 17:12
Cambria Automobiles plc
("Cambria" or the "Group")
AIM: CAMB
Director Dealing
The Group was informed today that Sir Peter Burt, non-executive director, has today sold a total of 850,000 ordinary shares of 10p each in the Group ("Ordinary Shares") at a price of 51 pence per Ordinary Share. The proceeds of the sale will be used by Sir Peter Burt towards funding the building of a new residential property and he remains fully committed to the Group.
Following the sale, Sir Peter Burt is now beneficially interested in 1,046,950 Ordinary Shares representing 1.05% of the issued share capital and total voting rights of the Group. The Burt Concert Party is now beneficially interested in 4,303,272 Ordinary Shares representing 4.30% of the issued share capital of the Group.
Enquiries:
Cambria Automobiles plc Mark Lavery, Chief Executive James Mullins, Finance Director | 01707 280 851
|
N+1 Singer - NOMAD & Joint Broker | 020 7496 3000 |
Jonny Franklin-Adams / Nick Owen / Jen Boorer | |
Panmure Gordon - Joint Broker | |
Joanne Lake / Peter Steel | 0113 357 1150 |
Tom Salvesen | 020 7886 2500 |
Tavistock Communications Catriona Valentine / Emma Blinkhorn | 020 7920 3150 |
About Cambria - www.cambriaautomobilesplc.com
Cambria was established in 2006 with a strategy to build a balanced motor retail group, through close cooperation with its manufacturer partners and the acquisition and turnaround of underperforming businesses.
The Group now comprises 28 dealerships, representing 45 franchises and 18 brands, in a balanced portfolio spanning the high luxury, premium and volume segments.
The Group operates dealerships across England with a geographical spread from the North West through the Midlands, down to Kent in the South East and across as far as Exeter in the South West, trading under local brand names, including, County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.
Cambria's brand portfolio currently comprises Abarth, Alfa Romeo, Aston Martin, Chrysler Jeep, Citroen, Dacia, Ford, Fiat, Honda, Jaguar, Land Rover, Mazda, Nissan, Renault, Seat, Triumph, Vauxhall and Volvo.
The Group's success in turning around underperforming dealerships has enabled Cambria to build a strong balance sheet. As a result, the Group is now in a position to consider acquisitions which are earnings enhancing from the outset, further strengthening Cambria's brand portfolio mix and progressing towards its stated ambition to create a Group with annual revenues of over £1 billion.