Transaction in Own Shares

RNS Number : 3005Z

Vertu Motors PLC

24 January 2022

 

24 January 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 21 January 2022 , it purchased 275,707 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 21 January 2022 Number of ordinary shares purchased 275,707 Highest price paid per ordinary share 66.00 pence Lowest price paid per ordinary share 64.00 pence Volume weighted average price paid per ordinary share 64.9612 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 361,716,911 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:	21 January 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
275,707	64.9612	London Stock Exchange

Individual Transactions:
5,000			66.00 pence		08:19 UK
2,302			66.00 pence		08:19 UK
17,698			66.00 pence		08:39 UK
5,000			65.80 pence		08:39 UK
226			65.80 pence		08:39 UK
3,068			65.80 pence		08:39 UK
6,016			65.80 pence		08:39 UK
5,024			65.80 pence		08:39 UK
1,400			65.80 pence		08:42 UK
4,200			65.80 pence		08:46 UK
66			65.80 pence		08:48 UK
3,800			65.60 pence		09:22 UK
700			65.60 pence		09:22 UK
734			65.60 pence		09:22 UK
3,766			65.60 pence		09:29 UK
16,234			65.60 pence		09:29 UK
473			65.60 pence		09:29 UK
2,258			65.60 pence		09:57 UK
1,371			65.60 pence		09:57 UK
1,371			65.60 pence		09:57 UK
4,579			65.60 pence		09:57 UK
1,921			65.60 pence		09:57 UK
3,500			65.60 pence		09:58 UK
5,000			65.60 pence		09:58 UK
1,530			65.60 pence		09:58 UK
1,970			65.60 pence		09:58 UK
793			65.60 pence		10:23 UK
6,243			65.00 pence		11:06 UK
5,922			65.00 pence		11:06 UK
321			65.00 pence		11:12 UK
3,576			65.00 pence		11:12 UK
6,243			65.00 pence		11:12 UK
6,243			65.00 pence		11:12 UK
6,243			65.00 pence		11:12 UK
6,243			65.00 pence		11:12 UK
8,966			65.00 pence		11:12 UK
20,000			65.00 pence		11:30 UK
1,290			64.40 pence		12:26 UK
4,039			64.40 pence		12:26 UK
3,913			64.40 pence		12:26 UK
1,416			64.40 pence		12:26 UK
310			64.40 pence		12:26 UK
1,004			64.40 pence		12:26 UK
344			64.40 pence		12:26 UK
1,416			64.40 pence		12:26 UK
2,565			64.40 pence		12:26 UK
2,764			64.40 pence		12:26 UK
4,320			64.40 pence		12:26 UK
776			64.40 pence		12:26 UK
233			64.40 pence		12:26 UK
1,392			64.40 pence		12:54 UK
773			64.40 pence		12:54 UK
1,315			64.40 pence		12:57 UK
787			64.40 pence		13:00 UK
1,062			64.40 pence		13:00 UK
147			64.40 pence		13:01 UK
720			64.40 pence		13:02 UK
1,271			64.40 pence		13:02 UK
3,191			64.40 pence		13:02 UK
1,991			64.40 pence		13:02 UK
776			64.40 pence		13:02 UK
4,370			64.40 pence		13:02 UK
183			64.40 pence		13:02 UK
5,329			64.40 pence		14:14 UK
2,303			64.40 pence		14:14 UK
6,500			64.00 pence		14:15 UK
3,457			64.00 pence		14:15 UK
1,758			64.00 pence		14:15 UK
4,742			64.00 pence		14:15 UK
8,138			64.00 pence		14:15 UK
1,285			64.00 pence		14:15 UK
5,215			64.00 pence		14:15 UK
4,739			64.00 pence		14:15 UK
2,707			64.00 pence		14:15 UK
3,793			64.00 pence		14:15 UK
1,448			64.00 pence		14:15 UK
6,500			64.00 pence		14:16 UK
5,425			64.00 pence		14:16 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  

 

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