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: 0191 491 2111
Tel: 0191 491 2112

 

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

 

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

 

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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