Transaction in Own Shares

RNS Number : 7129H

Vertu Motors PLC

08 April 2022

 

08 April 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 07 April 2022 , it purchased 201,999 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 02 March 2022 as follows:

Date of purchase 07 April 2022 Number of ordinary shares purchased 201,999 Highest price paid per ordinary share 61.40 pence Lowest price paid per ordinary share 58.40 pence Volume weighted average price paid per ordinary share 59.8564 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 357,826,916 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:	07 April 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
201,999	59.8564	London Stock Exchange

Individual transactions:- 1,071 61.40 pence  08:11 UK  2,143 61.40 pence  08:11 UK  286 61.40 pence  08:12 UK  6,428 61.40 pence  08:13 UK  2,071 61.40 pence  08:14 UK  12,500 61.00 pence  08:20 UK  687 61.00 pence  08:20 UK  11,813 61.00 pence  08:20 UK  9 60.60 pence  08:20 UK  3,000 60.60 pence  08:20 UK  4,835 60.60 pence  08:20 UK  3,000 60.60 pence  08:20 UK  3,358 60.60 pence  08:20 UK  1,071 60.60 pence  08:25 UK  3,415 60.60 pence  08:25 UK  1,071 60.60 pence  08:25 UK  4,486 60.60 pence  08:25 UK  755 60.60 pence  08:25 UK  7,048 60.20 pence  08:34 UK  281 60.20 pence  08:44 UK  343 60.20 pence  08:46 UK  666 60.20 pence  08:49 UK  7,996 60.20 pence  08:49 UK  196 60.20 pence  08:58 UK  68 60.20 pence  09:00 UK  3,534 60.20 pence  09:04 UK  3,215 60.20 pence  09:10 UK  1,325 60.20 pence  09:10 UK  140 60.20 pence  09:10 UK  188 60.20 pence  09:10 UK  3,500 59.90 pence  09:10 UK  2,084 59.90 pence  09:11 UK  6,049 59.90 pence  09:11 UK  143 59.90 pence  09:11 UK  2,654 59.90 pence  09:11 UK  585 59.90 pence  09:11 UK  2,000 59.90 pence  09:11 UK  6,251 59.90 pence  09:11 UK  1,734 59.90 pence  09:11 UK  8,813 59.50 pence  09:30 UK  1,900 59.50 pence  09:30 UK  8,813 59.50 pence  09:30 UK  5,474 59.50 pence  09:30 UK  150 59.10 pence  09:30 UK  11,882 59.10 pence  09:45 UK  12,968 59.00 pence  14:57 UK  5,593 58.80 pence  15:47 UK  1,021 58.80 pence  15:47 UK  4,572 58.80 pence  15:47 UK  1,021 58.80 pence  15:47 UK  4,572 58.80 pence  15:47 UK  90 58.80 pence  15:48 UK  931 58.80 pence  15:54 UK  2,200 58.80 pence  16:06 UK  18,515 58.60 pence  16:25 UK  1,459 58.60 pence  16:25 UK  26 58.40 pence  16:18 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

 

END

 

 

POSUBONRURUSRAR