Transaction in Own Shares

RNS Number : 0851B

Vertu Motors PLC

09 February 2022

 

09 February 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 08 February 2022 , it purchased 349,906 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 08 February 2022 Number of ordinary shares purchased 349,906 Highest price paid per ordinary share 67.00 pence Lowest price paid per ordinary share 65.20 pence Volume weighted average price paid per ordinary share 66.0574 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 359,701,272 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:	08 February 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
349,906	66.0574	London Stock Exchange

Individual Transactions:
7,038 67.00 pence  09:59 UK  7,632 67.00 pence  10:03 UK  712 67.00 pence  10:03 UK  6,467 67.00 pence  10:11 UK  7,491 67.00 pence  10:11 UK  14,670 67.00 pence  10:11 UK  2,529 67.00 pence  10:11 UK  12,141 67.00 pence  10:15 UK  596 67.00 pence  10:15 UK  1,257 67.00 pence  10:15 UK  12,817 67.00 pence  10:15 UK  1,257 67.00 pence  10:15 UK  1,451 67.00 pence  10:15 UK  3,607 67.00 pence  10:15 UK  6,110 67.00 pence  10:15 UK  3,489 67.00 pence  10:15 UK  13 67.00 pence  10:15 UK  10,723 67.00 pence  10:16 UK  10,000 66.00 pence  11:51 UK  10,000 66.00 pence  13:10 UK  9,096 66.00 pence  14:13 UK  904 66.00 pence  14:13 UK  10,619 66.00 pence  14:13 UK  10,000 66.00 pence  14:15 UK  20,419 66.00 pence  14:15 UK  4,133 66.00 pence  14:15 UK  5,867 66.00 pence  14:15 UK  4,133 66.00 pence  14:15 UK  400 66.00 pence  14:15 UK  1,549 66.00 pence  14:15 UK  6,160 66.00 pence  14:15 UK  1,673 66.00 pence  14:15 UK  218 66.00 pence  14:15 UK  4,829 66.00 pence  14:16 UK  3,998 65.60 pence  15:00 UK  1,205 65.60 pence  15:00 UK  7,357 65.60 pence  15:00 UK  1,205 65.60 pence  15:00 UK  8,562 65.60 pence  15:00 UK  2,793 65.60 pence  15:00 UK  1,205 65.60 pence  15:00 UK  10,126 65.60 pence  15:00 UK  2,434 65.60 pence  15:00 UK  2,314 65.60 pence  15:00 UK  6,466 65.60 pence  15:00 UK  795 65.60 pence  15:00 UK  4,144 65.60 pence  15:00 UK  1,054 65.60 pence  15:00 UK  101 65.60 pence  15:00 UK  20,043 65.60 pence  15:00 UK  3,854 65.60 pence  15:00 UK  8,706 65.60 pence  15:01 UK  138 65.60 pence  15:01 UK  905 65.60 pence  15:01 UK  11,517 65.60 pence  15:02 UK  1,078 65.60 pence  15:02 UK  9,966 65.20 pence  15:35 UK  7,145 65.20 pence  15:37 UK  12,991 65.20 pence  15:37 UK  4,120 65.20 pence  15:37 UK  13,457 65.20 pence  15:37 UK  174 65.20 pence  15:37 UK  2,053 65.20 pence  16:10 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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