Transaction in Own Shares

RNS Number : 2645R

Vertu Motors PLC

05 July 2022

 

05 July 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 04 July 2022 , it purchased 74,397 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 07 June 2022 as follows:

Date of purchase 04 July 2022 Number of ordinary shares purchased 74,397 Highest price paid per ordinary share 54.00 pence Lowest price paid per ordinary share 53.90 pence Volume weighted average price paid per ordinary share 53.9553 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 350,580,164 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 July 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
74,397	53.9553	London Stock Exchange

Individual Transactions:
635 53.90 pence  12:22 UK  6,965 53.90 pence  12:29 UK  7,600 53.90 pence  13:09 UK  1,000 53.90 pence  13:09 UK  1,000 53.90 pence  13:09 UK  6,600 53.90 pence  13:09 UK  1,939 53.90 pence  13:09 UK  4,979 53.90 pence  13:09 UK  244 53.90 pence  13:09 UK  682 53.90 pence  13:09 UK  1,647 53.90 pence  13:15 UK  8,127 54.00 pence  15:03 UK  2,338 54.00 pence  16:25 UK  1,393 54.00 pence  16:25 UK  2,625 54.00 pence  16:26 UK  1,058 54.00 pence  16:28 UK  852 54.00 pence  16:35 UK  852 54.00 pence  16:35 UK  2,230 54.00 pence  16:35 UK  853 54.00 pence  16:35 UK  6,222 54.00 pence  16:35 UK  775 54.00 pence  16:35 UK  765 54.00 pence  16:35 UK  934 54.00 pence  16:35 UK  920 54.00 pence  16:35 UK  765 54.00 pence  16:35 UK  765 54.00 pence  16:35 UK  5,088 54.00 pence  16:35 UK  3,831 54.00 pence  16:35 UK  713 54.00 pence  16:35 UK

For further information please contact:

Vertu Motors plc
Robert Forrester, CEO	Tel: [phone]
Karen Anderson, CFO	Tel: [phone]
Zeus Capital Limited	Tel: [phone]
Jamie Peel
Andrew Jones
Dominic King
Camarco	Tel: [phone]
Billy Clegg
Tom Huddart

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network of 160 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 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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