Transaction in Own Shares

RNS Number : 6054R

Vertu Motors PLC

07 July 2022

 

07 July 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 06 July 2022 , it purchased 90,568 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 06 July 2022 Number of ordinary shares purchased 90,568 Highest price paid per ordinary share 54.00 pence Lowest price paid per ordinary share 51.70 pence Volume weighted average price paid per ordinary share 53.0475 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 350,303,397 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:	06 July 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
90,568	53.0475	London Stock Exchange

3,176 51.70 pence  08:00 UK  1,878 51.70 pence  08:00 UK  422 51.70 pence  08:00 UK  976 51.70 pence  08:00 UK  1,246 51.70 pence  08:00 UK  129 51.70 pence  08:00 UK  25,000 52.50 pence  08:08 UK  2,920 52.80 pence  12:50 UK  2,920 52.80 pence  12:51 UK  2,920 53.30 pence  15:09 UK  4,665 53.30 pence  15:09 UK  11,575 53.30 pence  15:09 UK  2,827 53.20 pence  15:10 UK  2,920 53.20 pence  15:11 UK  2,920 53.20 pence  15:11 UK  4,253 53.20 pence  15:11 UK  3 53.20 pence  15:18 UK  3 53.40 pence  16:09 UK  4,588 54.00 pence  16:35 UK  147 54.00 pence  16:35 UK  110 54.00 pence  16:35 UK  110 54.00 pence  16:35 UK  147 54.00 pence  16:35 UK  2,777 54.00 pence  16:35 UK  223 54.00 pence  16:35 UK  300 54.00 pence  16:35 UK  111 54.00 pence  16:35 UK  148 54.00 pence  16:35 UK  8,413 54.00 pence  16:35 UK  2,741 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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