Transaction in Own Shares

RNS Number : 0266M

Vertu Motors PLC

19 May 2022

 

19 May 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 18 May 2022 , it purchased 148,179 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 18 May 2022 Number of ordinary shares purchased 148,179 Highest price paid per ordinary share 54.80 pence Lowest price paid per ordinary share 54.60 pence Volume weighted average price paid per ordinary share 54.7899 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 356,510,631 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:	18 May 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
148,179	54.7899	London Stock Exchange

Individual Transactions:
6,500 54.80 pence  12:12 UK  1,647 54.80 pence  12:16 UK  252 54.80 pence  12:40 UK  1,785 54.80 pence  12:40 UK  2,816 54.80 pence  12:40 UK  1,647 54.80 pence  12:40 UK  1,451 54.80 pence  12:50 UK  3,402 54.80 pence  12:50 UK  1,451 54.80 pence  12:50 UK  1,000 54.80 pence  12:50 UK  5,500 54.80 pence  12:50 UK  419 54.80 pence  13:00 UK  1,386 54.80 pence  13:06 UK  336 54.80 pence  14:00 UK  2,200 54.80 pence  14:11 UK  375 54.80 pence  14:18 UK  1,000 54.80 pence  14:18 UK  784 54.80 pence  14:24 UK  7,770 54.80 pence  14:24 UK  927 54.80 pence  14:24 UK  927 54.80 pence  14:24 UK  4,646 54.80 pence  14:24 UK  1,779 54.80 pence  14:24 UK  2,203 54.80 pence  16:21 UK  5,297 54.80 pence  16:21 UK  2,203 54.80 pence  16:21 UK  597 54.80 pence  16:21 UK  1,420 54.80 pence  16:21 UK  5,297 54.80 pence  16:21 UK  186 54.80 pence  16:21 UK  7,314 54.80 pence  16:21 UK  103 54.80 pence  16:21 UK  933 54.80 pence  16:21 UK  2,591 54.80 pence  16:21 UK  2,491 54.80 pence  16:21 UK  1,382 54.80 pence  16:21 UK  664 54.80 pence  16:21 UK  911 54.80 pence  16:22 UK  3,193 54.80 pence  16:22 UK  3,396 54.80 pence  16:24 UK  6,500 54.80 pence  16:24 UK  9 54.80 pence  16:24 UK  1,244 54.80 pence  16:24 UK  2,310 54.80 pence  16:24 UK  6,500 54.80 pence  16:24 UK  741 54.80 pence  16:24 UK  3,144 54.80 pence  16:24 UK  912 54.80 pence  16:24 UK  2,444 54.80 pence  16:24 UK  912 54.80 pence  16:25 UK  5,588 54.80 pence  16:25 UK  1,187 54.80 pence  16:25 UK  906 54.80 pence  16:25 UK  730 54.80 pence  16:25 UK  912 54.80 pence  16:26 UK  1,284 54.80 pence  16:26 UK  1,015 54.80 pence  16:26 UK  264 54.80 pence  16:26 UK  154 54.80 pence  16:26 UK  48 54.80 pence  16:27 UK  2,000 54.80 pence  16:28 UK  3,358 54.80 pence  16:28 UK  1,142 54.80 pence  16:28 UK  746 54.80 pence  16:29 UK  806 54.80 pence  16:29 UK  907 54.80 pence  16:29 UK  756 54.80 pence  16:29 UK  1,025 54.80 pence  16:29 UK  694 54.80 pence  16:29 UK  781 54.80 pence  16:29 UK  785 54.80 pence  16:35 UK  694 54.80 pence  16:35 UK  395 54.60 pence  15:39 UK  7,105 54.60 pence  15:39 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 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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