Transaction in Own Shares

RNS Number : 3530Q

Vertu Motors PLC

27 October 2021

 

27 October 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 26 October 2021 , it purchased 438,908 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 20 August 2021 as follows:

Date of purchase 26 October 2021 Number of ordinary shares purchased 438,908 Highest price paid per ordinary share 61.60 pence Lowest price paid per ordinary share 61.20 pence Volume weighted average price paid per ordinary share 61.2810 pence

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 365,394,940 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:	26 October 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
438,908	61.281	London Stock Exchange

Individual Transactions:

15,000 61.60 pence  11:43 UK  7,377 61.60 pence  11:43 UK  7,623 61.60 pence  12:26 UK  4,877 61.60 pence  12:26 UK  15,000 61.60 pence  12:26 UK  4,046 61.60 pence  13:36 UK  5,331 61.60 pence  13:40 UK  5,161 61.60 pence  13:43 UK  462 61.60 pence  13:43 UK  149 61.60 pence  13:43 UK  9,974 61.60 pence  13:43 UK  462 61.60 pence  13:43 UK  4,415 61.60 pence  14:17 UK  9,031 61.60 pence  14:17 UK  15,700 61.20 pence  14:19 UK  5,743 61.20 pence  14:36 UK  9,957 61.20 pence  14:36 UK  15,700 61.20 pence  14:36 UK  14,445 61.20 pence  14:36 UK  1,255 61.20 pence  14:36 UK  234 61.20 pence  14:36 UK  13,675 61.20 pence  14:45 UK  1,791 61.20 pence  14:45 UK  5,451 61.20 pence  14:53 UK  10,249 61.20 pence  15:27 UK  15,700 61.20 pence  15:27 UK  15,000 61.20 pence  15:34 UK  700 61.20 pence  15:34 UK  15,700 61.20 pence  15:36 UK  27,800 61.20 pence  15:36 UK  8,700 61.20 pence  15:37 UK  27,800 61.20 pence  15:37 UK  27,800 61.20 pence  15:37 UK  27,800 61.20 pence  15:37 UK  27,800 61.20 pence  15:37 UK  20,500 61.20 pence  15:40 UK  2,307 61.20 pence  15:52 UK  4,993 61.20 pence  15:55 UK  562 61.20 pence  15:55 UK  1,651 61.20 pence  15:55 UK  2,415 61.20 pence  16:03 UK  23,172 61.20 pence  16:06 UK  5,400 61.20 pence  16:06 UK

For further information please contact:

Vertu Motors plc Robert Forrester, CEO Karen Anderson, CFO	Tel: [phone] Tel: [phone]
Zeus Capital Limited Jamie Peel Andrew Jones Dominic King	Tel: [phone]
Camarco Billy Clegg Tom Huddart	Tel: [phone]

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 154 sales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 locations across the UK.

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

Vertu Motors Group websites - investors.vertumotors.com / www.vertucareers.com

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk / www.vertumotorcycles.com

 

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