Transaction in Own Shares

RNS Number : 8008A

Vertu Motors PLC

07 February 2022

 

07 February 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 04 February 2022 , it purchased 347,471 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 04 February 2022 Number of ordinary shares purchased 347,471 Highest price paid per ordinary share 68.00 pence Lowest price paid per ordinary share 66.60 pence Volume weighted average price paid per ordinary share 67.5683 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 360,298,423 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:	04 February 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
347,471	67.5683 p	London Stock Exchange

Individual Transactions:
3,666 68.00 pence  08:58 UK  1,571 68.00 pence  08:58 UK  19,763 68.00 pence  08:58 UK  1,163 68.00 pence  08:58 UK  2,000 68.00 pence  08:58 UK  2,001 68.00 pence  08:58 UK  1,227 68.00 pence  08:58 UK  1,314 68.00 pence  08:58 UK  1,622 68.00 pence  08:58 UK  14,844 68.00 pence  08:58 UK  829 68.00 pence  08:58 UK  420 68.00 pence  08:58 UK  3,360 68.00 pence  08:58 UK  872 68.00 pence  08:59 UK  4,200 68.00 pence  08:59 UK  3,666 68.00 pence  09:03 UK  12,482 68.00 pence  09:03 UK  2,617 68.00 pence  09:03 UK  2,659 68.00 pence  09:03 UK  1,029 68.00 pence  09:03 UK  4,355 68.00 pence  09:03 UK  9,543 68.00 pence  09:03 UK  4,797 68.00 pence  09:03 UK  5,000 68.00 pence  09:04 UK  5,061 68.00 pence  09:04 UK  2,850 68.00 pence  09:04 UK  3,557 68.00 pence  09:04 UK  2,443 68.00 pence  09:04 UK  3,666 68.00 pence  10:15 UK  261 68.00 pence  10:20 UK  24,633 68.00 pence  10:20 UK  50,000 68.00 pence  10:24 UK  3,699 67.40 pence  10:45 UK  573 67.40 pence  10:59 UK  3,699 67.40 pence  11:05 UK  25,190 67.40 pence  11:05 UK  870 67.40 pence  11:05 UK  3,952 67.40 pence  11:05 UK  12,017 67.40 pence  11:05 UK  1,787 67.00 pence  11:09 UK  25,531 67.00 pence  11:21 UK  3,952 67.00 pence  11:21 UK  16,528 67.00 pence  11:21 UK  622 67.00 pence  11:21 UK  1,580 67.00 pence  11:21 UK  1,656 66.60 pence  12:00 UK  280 66.60 pence  12:03 UK  3,743 66.60 pence  12:04 UK  1,868 66.60 pence  12:04 UK  1,868 66.60 pence  12:05 UK  26,768 66.60 pence  12:05 UK  1,787 66.60 pence  12:05 UK  3,880 66.60 pence  12:05 UK  8,150 66.60 pence  12:05 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 159 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 155 franchised sales outlets and 4 non-franchised sales operations from 120 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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