Transaction in Own Shares

RNS Number : 8046Q

Vertu Motors PLC

01 November 2021

 

01 November 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 29 October 2021 , it purchased 429,255 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 29 October 2021 Number of ordinary shares purchased 429,255 Highest price paid per ordinary share 61.00 pence Lowest price paid per ordinary share 60.00 pence Volume weighted average price paid per ordinary share 60.4058 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 364,965,685 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:	29 October 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
429,255	60.4058	London Stock Exchange

Individual Transactions:  80,371 60.20 pence  08:00 UK  6,322 60.00 pence  08:00 UK  3,678 60.00 pence  08:00 UK  3,330 60.00 pence  08:00 UK  6,670 60.00 pence  08:01 UK  33 60.00 pence  08:29 UK  62 60.00 pence  08:29 UK  52 60.00 pence  08:29 UK  91 60.00 pence  08:29 UK  9,762 60.00 pence  09:37 UK  1,634 60.60 pence  11:25 UK  366 60.60 pence  11:25 UK  3,089 60.60 pence  11:26 UK  1,911 60.60 pence  11:26 UK  2,649 60.60 pence  11:26 UK  2,217 60.40 pence  11:35 UK  58 60.40 pence  11:35 UK  2,725 60.40 pence  11:35 UK  1,588 60.40 pence  11:35 UK  30 60.40 pence  11:35 UK  2,617 60.40 pence  11:35 UK  645 60.40 pence  11:45 UK  26 60.40 pence  11:45 UK  2,716 60.40 pence  11:48 UK  1,613 60.40 pence  11:50 UK  525 60.40 pence  11:51 UK  3,411 60.40 pence  11:52 UK  1,064 60.40 pence  11:52 UK  4,085 60.40 pence  11:56 UK  3,465 60.40 pence  11:59 UK  2,450 60.40 pence  12:02 UK  3,747 60.40 pence  12:06 UK  1,253 60.40 pence  12:06 UK  2,549 60.40 pence  12:10 UK  55 60.40 pence  12:10 UK  2,396 60.40 pence  12:10 UK  2,092 60.40 pence  12:11 UK  3,301 60.40 pence  12:14 UK  3,756 60.40 pence  12:18 UK  851 60.40 pence  12:18 UK  122 60.40 pence  12:21 UK  2,461 60.40 pence  12:24 UK  2,417 60.40 pence  12:25 UK  190 60.40 pence  13:34 UK  3,838 60.40 pence  13:37 UK  2,337 60.40 pence  13:38 UK  3,695 60.40 pence  13:41 UK  4,940 60.40 pence  13:41 UK  630 60.40 pence  13:42 UK  2,483 60.40 pence  13:44 UK  3,837 60.40 pence  13:47 UK  3,595 60.40 pence  13:49 UK  4,456 60.40 pence  13:53 UK  2,870 60.40 pence  13:55 UK  2,129 60.40 pence  13:55 UK  3,541 60.40 pence  14:31 UK  3,786 60.40 pence  14:33 UK  2,673 60.40 pence  14:33 UK  2,371 60.40 pence  14:56 UK  3,327 60.40 pence  14:57 UK  552 60.40 pence  14:57 UK  2,133 60.40 pence  14:57 UK  11,748 60.40 pence  14:58 UK  5,460 60.40 pence  14:58 UK  2,598 60.40 pence  14:58 UK  1,570 60.40 pence  14:58 UK  2,862 60.40 pence  14:58 UK  5,460 60.40 pence  14:58 UK  633 60.40 pence  14:59 UK  2,484 60.40 pence  14:59 UK  830 60.40 pence  14:59 UK  2,343 60.40 pence  14:59 UK  2,583 60.40 pence  15:01 UK  105 60.40 pence  15:01 UK  2,877 60.40 pence  15:01 UK  64 60.40 pence  15:01 UK  5,565 60.20 pence  15:25 UK  5,565 60.20 pence  15:25 UK  1,975 60.20 pence  15:25 UK  2,180 60.20 pence  15:29 UK  1,410 60.20 pence  15:30 UK  818 60.40 pence  15:39 UK  2,796 60.40 pence  15:40 UK  3,604 60.40 pence  15:42 UK  935 60.40 pence  15:43 UK  2,008 60.40 pence  15:43 UK  396 60.40 pence  15:43 UK  3,457 60.40 pence  15:43 UK  1,947 60.40 pence  15:43 UK  2,928 60.40 pence  15:45 UK  1,525 60.40 pence  15:45 UK  3,250 60.40 pence  15:46 UK  2,422 60.40 pence  15:47 UK  2,291 60.40 pence  15:47 UK  728 60.40 pence  15:47 UK  2,661 60.40 pence  15:48 UK  3,377 60.40 pence  15:48 UK  3,909 60.40 pence  15:48 UK  362 60.40 pence  15:48 UK  586 60.40 pence  15:48 UK  1,770 60.20 pence  15:48 UK  4,496 60.60 pence  16:09 UK  637 60.60 pence  16:09 UK  1,947 60.60 pence  16:09 UK  857 60.60 pence  16:09 UK  1,598 60.60 pence  16:09 UK  2,455 60.60 pence  16:09 UK  1,163 60.60 pence  16:09 UK  3,877 60.60 pence  16:11 UK  1,688 60.60 pence  16:11 UK  4,240 60.60 pence  16:11 UK  484 60.60 pence  16:11 UK  1,325 60.60 pence  16:11 UK  1,771 60.60 pence  16:12 UK  3,234 60.60 pence  16:12 UK  1,203 60.60 pence  16:12 UK  560 60.60 pence  16:12 UK  703 60.60 pence  16:15 UK  3,645 60.60 pence  16:15 UK  145 60.60 pence  16:15 UK  864 60.60 pence  16:15 UK  211 60.60 pence  16:15 UK  3,353 60.60 pence  16:16 UK  2,504 60.60 pence  16:16 UK  1,648 60.60 pence  16:16 UK  2,654 60.60 pence  16:17 UK  2,558 60.60 pence  16:18 UK  36 60.60 pence  16:19 UK  1,947 60.60 pence  16:20 UK  2,991 60.60 pence  16:20 UK  3,540 60.60 pence  16:20 UK  238 60.60 pence  16:20 UK  79 60.60 pence  16:21 UK  617 60.60 pence  16:22 UK  16 60.80 pence  16:23 UK  4,530 60.80 pence  16:23 UK  588 60.80 pence  16:23 UK  2,152 60.80 pence  16:24 UK  1,901 60.80 pence  16:24 UK  813 60.80 pence  16:25 UK  2,267 60.80 pence  16:27 UK  4,056 60.80 pence  16:27 UK  1,944 60.80 pence  16:27 UK  1,023 60.80 pence  16:27 UK  3,977 60.80 pence  16:27 UK  1,202 60.80 pence  16:28 UK  2,618 61.00 pence  16:28 UK  180 61.00 pence  16:28 UK  821 61.00 pence  16:28 UK  2,143 61.00 pence  16:28 UK  2,036 61.00 pence  16:29 UK  10,000 61.00 pence  16:36 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

 

 

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