Transaction in Own Shares

RNS Number : 1582Z
Vertu Motors PLC
21 January 2022
 

21 January 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 January 2022 , it purchased 265,711 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

20 January 2022

Number of ordinary shares purchased

265,711

Highest price paid per ordinary share

68.00 pence

Lowest price paid per ordinary share

65.80 pence

Volume weighted average price paid per ordinary share

67.4581 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 361,992,618 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: 

20 January 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

265,711

67.4581

London Stock Exchange

 

 

Individual Transactions:



1,322

67.00 pence

 09:20 UK

 8,658

67.00 pence

 09:20 UK

 9,600

67.00 pence

 09:20 UK

 300

67.00 pence

 09:20 UK

 4,415

67.00 pence

 09:23 UK

 4,590

67.00 pence

 09:23 UK

 4,621

67.00 pence

 09:23 UK

 13,354

67.00 pence

 09:40 UK

 4,807

67.00 pence

 09:40 UK

 5,173

67.00 pence

 09:40 UK

 8,871

67.00 pence

 09:41 UK

 3,549

65.80 pence

 10:08 UK

 5,000

66.00 pence

 10:22 UK

 4,000

66.00 pence

 10:24 UK

 960

67.40 pence

 13:41 UK

 9,800

67.40 pence

 14:28 UK

 3,726

67.40 pence

 14:28 UK

 1,470

67.40 pence

 14:28 UK

 13,016

67.40 pence

 14:28 UK

 786

67.40 pence

 14:28 UK

 1,568

67.40 pence

 14:28 UK

 1,084

67.40 pence

 14:28 UK

 741

67.40 pence

 14:29 UK

 741

67.40 pence

 14:29 UK

 10,307

67.40 pence

 14:29 UK

 28,766

67.40 pence

 14:33 UK

 14,486

67.40 pence

 14:33 UK

 36,344

68.00 pence

 15:44 UK

 29,940

68.00 pence

 15:44 UK

 10,165

68.00 pence

 15:44 UK

 17,186

68.00 pence

 15:44 UK

 1,662

68.00 pence

 15:44 UK

 809

68.00 pence

 15:44 UK

 1,044

68.00 pence

 15:44 UK

 403

68.00 pence

 15:44 UK

 2,447

68.00 pence

 15:44 UK










For further information please contact:

 

Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

 

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

 

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

 

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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