Transaction in Own Shares

RNS Number : 9507J
Vertu Motors PLC
27 August 2021
 

27 August 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 26 August 2021 , it purchased 198,020 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 August 2021

Number of ordinary shares purchased

198,020

Highest price paid per ordinary share

53.20 pence

Lowest price paid per ordinary share

52.40 pence

Volume weighted average price paid per ordinary share

52.6344 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 368,975,961 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 August 2021

 

 

 

Aggregate information:

 

 

 

 

Aggregated Volume

Volume-weighted average price (pence)

Venue

198,020

52.6344

London Stock Exchange

 

 

 

Individual transactions:

 

95,247

52.40 pence

 16:24 UK

 4,753

52.40 pence

 16:15 UK

 5,785

52.80 pence

 15:56 UK

 2,019

52.80 pence

 15:49 UK

 967

52.80 pence

 15:33 UK

 4,726

52.80 pence

 15:22 UK

 4,274

52.80 pence

 15:17 UK

 6,000

52.80 pence

 15:17 UK

 4,726

52.80 pence

 15:15 UK

 1,503

52.80 pence

 15:14 UK

 3,841

52.80 pence

 15:03 UK

 4,284

52.80 pence

 15:03 UK

 4,726

52.80 pence

 15:03 UK

 1,022

52.80 pence

 15:03 UK

 8,744

52.80 pence

 15:03 UK

 2,383

52.80 pence

 15:03 UK

 20,651

52.80 pence

 15:03 UK

 4,349

52.80 pence

 15:03 UK

 3,767

53.20 pence

 10:25 UK

 7,800

53.20 pence

 10:25 UK

 4,716

53.20 pence

 10:25 UK

 1,737

53.20 pence

 09:25 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 155 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 151 franchised sales outlets and 4 non-franchised sales operations from 116 locations across the UK.

 

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

 

Vertu Motors Group websites -   www.vertucareers.com

 

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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSUNORRABUWUUR

Companies

Vertu Motors (VTU)
UK 100