Transaction in Own Shares

RNS Number : 5238T

Vertu Motors PLC

25 November 2021

 

25 November 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 24 November 2021 , it purchased 167,557 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 05 November 2021 as follows:

Date of purchase 24 November 2021 Number of ordinary shares purchased 167,557 Highest price paid per ordinary share 63.40 pence Lowest price paid per ordinary share 62.00 pence Volume weighted average price paid per ordinary share 62.9524 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 363,410,234 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:	24 November 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
167,557	62.9524	London Stock Exchange

Individual Transactions:
9	63.40 pence	08:00 UK
1	63.40 pence	08:00 UK
945	63.40 pence	09:35 UK
5,000	63.40 pence	09:35 UK
1,801	63.40 pence	09:40 UK
4,132	63.40 pence	09:40 UK
4,737	63.40 pence	09:40 UK
963	63.40 pence	09:40 UK
2,957	63.40 pence	09:40 UK
1,106	63.40 pence	09:40 UK
256	63.40 pence	09:40 UK
5,823	63.40 pence	09:40 UK
3,878	63.40 pence	09:40 UK
967	63.40 pence	09:40 UK
1,260	63.40 pence	09:40 UK
1,928	63.40 pence	09:40 UK
2,370	63.40 pence	09:40 UK
330	63.40 pence	09:40 UK
5,159	63.40 pence	09:40 UK
12,429	63.40 pence	09:40 UK
3,836	63.40 pence	09:40 UK
286	63.40 pence	09:40 UK
445	63.40 pence	09:40 UK
3,836	63.40 pence	09:40 UK
530	63.40 pence	09:40 UK
578	63.40 pence	09:40 UK
111	63.40 pence	09:40 UK
1,000	63.40 pence	09:40 UK
788	63.40 pence	09:42 UK
96	63.40 pence	10:01 UK
25,000	63.00 pence	10:21 UK
22,060	63.00 pence	10:21 UK
2,940	63.00 pence	10:21 UK
15,001	62.60 pence	10:32 UK
8,905	62.60 pence	10:32 UK
1,094	62.60 pence	10:32 UK
25,000	62.00 pence	10:58 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  

 

END

 

 

MSCUSSARAOUAUUA