Transaction in Own Shares

RNS Number : 4212R

Vertu Motors PLC

06 July 2022

 

06 July 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 05 July 2022 , it purchased 186,199 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 05 July 2022 Number of ordinary shares purchased 186,199 Highest price paid per ordinary share 54.00 pence Lowest price paid per ordinary share 53.30 pence Volume weighted average price paid per ordinary share 53.7691 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 350,393,965 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:	05 July 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
186,199	53.7691	London Stock Exchange

Individual Transactions:
104 54.00 pence  08:29 UK  103 54.00 pence  08:29 UK  54 54.00 pence  08:29 UK  2,700 54.00 pence  08:59 UK  3,585 54.00 pence  08:59 UK  1,160 54.00 pence  08:59 UK  5,386 54.00 pence  08:59 UK  8,438 54.00 pence  08:59 UK  922 54.00 pence  08:59 UK  1,402 54.00 pence  08:59 UK  923 54.00 pence  09:04 UK  923 54.00 pence  09:04 UK  923 54.00 pence  09:04 UK  923 54.00 pence  09:05 UK  152 54.00 pence  09:05 UK  378 54.00 pence  09:09 UK  148 54.00 pence  09:09 UK  1,254 54.00 pence  09:09 UK  2,217 54.00 pence  09:13 UK  3,075 54.00 pence  09:13 UK  3,075 54.00 pence  09:13 UK  2,294 54.00 pence  09:13 UK  1,177 54.00 pence  09:16 UK  2,456 54.00 pence  09:16 UK  3,633 54.00 pence  09:16 UK  412 54.00 pence  09:16 UK  45 54.00 pence  09:16 UK  412 54.00 pence  09:16 UK  1,254 54.00 pence  09:16 UK  1,511 54.00 pence  09:16 UK  3,781 54.00 pence  09:16 UK  1,379 54.00 pence  09:16 UK  7,500 53.90 pence  09:22 UK  2,500 53.90 pence  09:22 UK  3,600 53.90 pence  09:32 UK  2,833 53.90 pence  09:32 UK  2 53.90 pence  09:32 UK  123 53.90 pence  09:32 UK  380 53.90 pence  09:32 UK  2,199 53.90 pence  09:32 UK  3,729 53.90 pence  09:32 UK  2,704 53.90 pence  09:32 UK  124 53.90 pence  09:32 UK  1,574 53.90 pence  09:32 UK  2,732 53.90 pence  12:30 UK  4,400 53.90 pence  12:40 UK  282 53.90 pence  12:41 UK  1,102 53.90 pence  12:51 UK  416 53.90 pence  12:51 UK  6,200 53.90 pence  12:51 UK  66 53.90 pence  12:51 UK  2,783 53.90 pence  12:51 UK  927 53.90 pence  12:51 UK  2,490 53.90 pence  12:53 UK  2,044 53.90 pence  12:53 UK  2,846 53.90 pence  12:53 UK  927 53.90 pence  12:57 UK  383 53.90 pence  12:57 UK  544 53.90 pence  12:57 UK  6,200 53.90 pence  12:57 UK  1,300 53.90 pence  12:57 UK  1,479 53.90 pence  12:57 UK  4,721 53.90 pence  12:57 UK  2,779 53.90 pence  12:57 UK  2,440 53.90 pence  12:57 UK  3,760 53.90 pence  12:57 UK  1,911 53.90 pence  12:57 UK  197 53.30 pence  13:06 UK  4,682 53.30 pence  13:15 UK  2,121 53.30 pence  13:15 UK  4,682 53.30 pence  13:15 UK  2,121 53.30 pence  13:15 UK  4,879 53.30 pence  13:15 UK  7,000 53.30 pence  13:15 UK  5,137 53.30 pence  13:15 UK  1,527 53.30 pence  13:15 UK  336 53.30 pence  13:15 UK  1,628 53.30 pence  13:19 UK  4,142 53.30 pence  13:23 UK  1,230 53.30 pence  13:23 UK  4,236 53.30 pence  14:11 UK  2,115 53.30 pence  14:11 UK  649 53.30 pence  14:11 UK  2,702 53.30 pence  14:11 UK  616 53.30 pence  14:11 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

 

END

 

 

POSUVRNRUAUBRAR