Transaction in Own Shares

RNS Number : 8713O

Vertu Motors PLC

15 June 2022

 

15 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 14 June 2022 , it purchased 234,088 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 14 June 2022 Number of ordinary shares purchased 234,088 Highest price paid per ordinary share 55.50 pence Lowest price paid per ordinary share 54.00 pence Volume weighted average price paid per ordinary share 54.5287 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 352,133,045 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:	14 June 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
234,088	54.5287	London Stock Exchange

Individual Transactions:
	2,550 54.00 pence  08:33 UK  6,000 54.00 pence  09:03 UK  6,997 54.00 pence  09:03 UK  4,695 54.00 pence  09:03 UK  2,601 54.00 pence  09:03 UK  9,880 54.00 pence  09:03 UK  948 54.00 pence  09:03 UK  417 54.00 pence  09:03 UK  3,555 54.00 pence  10:36 UK  8,445 54.00 pence  10:36 UK  2,600 54.00 pence  11:20 UK  2,203 54.00 pence  11:20 UK  9,400 54.00 pence  11:20 UK  1,963 54.00 pence  11:20 UK  1,000 54.00 pence  11:20 UK  6,400 54.00 pence  11:30 UK  2,637 54.00 pence  11:30 UK  2,804 54.00 pence  11:33 UK  2,727 54.00 pence  11:46 UK  2,872 54.00 pence  11:59 UK  2,549 54.00 pence  12:11 UK  845 54.00 pence  12:11 UK  7,232 54.00 pence  12:16 UK  2,550 54.00 pence  12:33 UK  2,787 54.00 pence  12:45 UK  1,895 54.00 pence  12:56 UK  2,100 54.00 pence  13:14 UK  2,705 54.00 pence  13:25 UK  2,427 54.00 pence  13:34 UK  2,813 54.00 pence  13:47 UK  2,549 54.00 pence  14:06 UK  710 54.50 pence  14:22 UK  2,804 54.50 pence  14:23 UK  3,004 54.50 pence  14:40 UK  18,482 54.50 pence  14:40 UK  2,549 54.50 pence  14:50 UK  393 54.50 pence  14:50 UK  2,901 54.50 pence  14:51 UK  2,000 54.50 pence  14:52 UK  757 54.60 pence  15:39 UK  2,776 54.60 pence  15:39 UK  451 54.90 pence  15:45 UK  7,000 54.90 pence  15:45 UK  2,549 54.90 pence  15:45 UK  8,331 55.10 pence  15:52 UK  2,669 55.10 pence  15:52 UK  9,000 55.10 pence  15:52 UK  587 55.10 pence  15:52 UK  5,979 55.10 pence  15:52 UK  10,000 55.00 pence  16:16 UK  1,810 55.20 pence  16:17 UK  767 55.20 pence  16:17 UK  1,480 55.20 pence  16:17 UK  5,943 55.20 pence  16:17 UK  20,000 55.50 pence  16:17 UK  2,607 55.50 pence  16:21 UK  7,393 55.50 pence  16:24 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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