Transaction in Own Shares

RNS Number : 8510T

Vertu Motors PLC

29 November 2021

 

29 November 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 26 November 2021 , it purchased 169,257 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 26 November 2021 Number of ordinary shares purchased 169,257 Highest price paid per ordinary share 60.00 pence Lowest price paid per ordinary share 58.60 pence Volume weighted average price paid per ordinary share 59.2326 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 363,191,239 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 November 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
169,257	59.2326	London Stock Exchange

Individual Transactions:
	11,212 59.60 pence  08:10 UK  900 59.80 pence  08:22 UK  3,840 59.80 pence  08:22 UK  715 59.80 pence  08:22 UK  8,788 59.40 pence  08:23 UK  12,274 59.20 pence  08:23 UK  15,711 59.00 pence  08:33 UK  4,210 59.00 pence  08:33 UK  5,000 60.00 pence  08:56 UK  3,080 60.00 pence  10:48 UK  3,420 60.00 pence  10:48 UK  5,094 60.00 pence  11:50 UK  3,157 59.80 pence  11:50 UK  394 59.80 pence  11:50 UK  3,336 60.00 pence  12:19 UK  3,647 60.00 pence  12:23 UK  9,855 59.80 pence  12:30 UK  4,210 59.00 pence  12:45 UK  162 59.00 pence  13:34 UK  4,210 59.00 pence  13:34 UK  3,733 59.00 pence  13:34 UK  4,210 59.00 pence  13:34 UK  3,602 59.00 pence  13:34 UK  608 59.00 pence  13:34 UK  1,119 59.00 pence  13:34 UK  553 59.00 pence  13:34 UK  2,217 59.00 pence  13:34 UK  10,000 58.80 pence  14:12 UK  264 58.80 pence  14:33 UK  4,736 58.80 pence  14:33 UK  10,000 58.60 pence  14:36 UK  2,212 58.80 pence  14:57 UK  2,788 58.80 pence  14:57 UK  10,000 58.60 pence  15:10 UK  1,906 59.00 pence  16:35 UK  6,582 59.00 pence  16:35 UK  803 59.00 pence  16:35 UK  638 59.00 pence  16:35 UK  71 59.00 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  

 

END

 

 

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