Transaction in Own Shares

RNS Number : 9896Q

Vertu Motors PLC

02 November 2021

 

02 November 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 01 November 2021 , it purchased 313,937 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 01 November 2021 Number of ordinary shares purchased 313,937 Highest price paid per ordinary share 61.00 pence Lowest price paid per ordinary share 61.00 pence Volume weighted average price paid per ordinary share 61.0000 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 364,651,748 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:	01 November 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
313,937	61.00	London Stock Exchange

Individual Transactions:  407 61.00 pence  14:30 UK  4,439 61.00 pence  14:35 UK  4,030 61.00 pence  14:35 UK  11,166 61.00 pence  15:22 UK  10,000 61.00 pence  15:22 UK  5,600 61.00 pence  15:22 UK  4,712 61.00 pence  15:22 UK  5,288 61.00 pence  15:45 UK  5,600 61.00 pence  15:45 UK  5,250 61.00 pence  15:45 UK  60 61.00 pence  15:45 UK  66 61.00 pence  15:45 UK  69 61.00 pence  15:45 UK  10,000 61.00 pence  15:45 UK  5,600 61.00 pence  15:45 UK  5,250 61.00 pence  15:45 UK  7,910 61.00 pence  15:45 UK  2,090 61.00 pence  15:45 UK  5,600 61.00 pence  15:45 UK  869 61.00 pence  15:45 UK  4,381 61.00 pence  15:46 UK  10,000 61.00 pence  15:46 UK  5,600 61.00 pence  15:46 UK  12,264 61.00 pence  15:46 UK  7,276 61.00 pence  15:46 UK  10,479 61.00 pence  15:46 UK  1,906 61.00 pence  15:46 UK  2,170 61.00 pence  15:46 UK  1,174 61.00 pence  15:46 UK  10,000 61.00 pence  15:46 UK  3,826 61.00 pence  15:46 UK  1,774 61.00 pence  15:46 UK  5,250 61.00 pence  15:46 UK  249 61.00 pence  15:46 UK  5,000 61.00 pence  15:46 UK  2,253 61.00 pence  15:47 UK  2,080 61.00 pence  15:49 UK  418 61.00 pence  15:50 UK  1,455 61.00 pence  15:50 UK  1,733 61.00 pence  15:52 UK  2,412 61.00 pence  15:52 UK  5,250 61.00 pence  15:52 UK  10,000 61.00 pence  15:52 UK  9,427 61.00 pence  15:52 UK  10,536 61.00 pence  15:52 UK  2,375 61.00 pence  15:52 UK  1,733 61.00 pence  15:53 UK  3,867 61.00 pence  15:53 UK  4,317 61.00 pence  15:53 UK  933 61.00 pence  15:55 UK  811 61.00 pence  15:55 UK  9,189 61.00 pence  15:55 UK  5,600 61.00 pence  15:55 UK  5,250 61.00 pence  15:55 UK  21 61.00 pence  15:55 UK  2,056 61.00 pence  15:55 UK  2,436 61.00 pence  15:55 UK  268 61.00 pence  15:55 UK  5,600 61.00 pence  15:56 UK  1,248 61.00 pence  15:56 UK  1,906 61.00 pence  15:57 UK  2,096 61.00 pence  15:58 UK  5,600 61.00 pence  15:58 UK  10,839 61.00 pence  15:58 UK  6,465 61.00 pence  15:58 UK  5,250 61.00 pence  16:00 UK  5,600 61.00 pence  16:00 UK  1,882 61.00 pence  16:00 UK  2,165 61.00 pence  16:16 UK  1,203 61.00 pence  16:18 UK  1,835 61.00 pence  16:18 UK  1,734 61.00 pence  16:23 UK  738 61.00 pence  16:25 UK  1 61.00 pence  16:35 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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