Transaction in Own Shares

RNS Number : 3492M

Vertu Motors PLC

23 May 2022

 

23 May 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 20 May 2022 , it purchased 416,968 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 20 May 2022 Number of ordinary shares purchased 416,968 Highest price paid per ordinary share 55.00 pence Lowest price paid per ordinary share 54.00 pence Volume weighted average price paid per ordinary share 54.5065 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 355,843,663 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 May 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
416,968	54.5065	London Stock Exchange

Individual Transactions:

23,135	54.00 pence	08:00 UK
5,509	54.80 pence	10:20 UK
6,000	54.80 pence	10:20 UK
1,000	54.80 pence	10:20 UK
2,450	55.00 pence	11:29 UK
15,000	55.00 pence	11:29 UK
7,550	55.00 pence	11:29 UK
5,100	54.90 pence	11:29 UK
7,500	54.90 pence	11:29 UK
6,616	55.00 pence	11:29 UK
3,300	55.00 pence	11:29 UK
4,934	55.00 pence	11:29 UK
15,000	55.00 pence	11:29 UK
7,550	55.00 pence	11:29 UK
6,500	54.60 pence	11:51 UK
1,200	54.60 pence	11:56 UK
5,300	54.60 pence	11:56 UK
1,000	54.60 pence	11:56 UK
5,500	54.60 pence	11:56 UK
6,500	54.60 pence	11:56 UK
15,014	54.60 pence	12:28 UK
6,500	54.60 pence	12:28 UK
50,000	54.60 pence	12:38 UK
4,535	55.00 pence	14:17 UK
8,600	55.00 pence	14:17 UK
3,707	55.00 pence	14:40 UK
4,917	54.40 pence	14:59 UK
4,260	54.40 pence	14:59 UK
7,500	54.40 pence	14:59 UK
8,323	54.40 pence	15:07 UK
79	54.40 pence	15:08 UK
6,424	54.40 pence	15:08 UK
5,100	54.40 pence	15:08 UK
2,985	54.40 pence	15:51 UK
10,412	54.40 pence	15:51 UK
1,921	54.40 pence	16:00 UK
390	54.40 pence	16:00 UK
2,000	54.40 pence	16:00 UK
20,689	54.40 pence	16:00 UK
6,753	54.00 pence	16:03 UK
3,247	54.00 pence	16:03 UK
3,247	54.00 pence	16:03 UK
2,454	54.00 pence	16:03 UK
5,701	54.00 pence	16:03 UK
4,299	54.00 pence	16:03 UK
6,753	54.00 pence	16:03 UK
1,500	54.00 pence	16:03 UK
1,215	54.00 pence	16:08 UK
1,747	54.00 pence	16:08 UK
10,000	54.00 pence	16:12 UK
10,000	54.00 pence	16:12 UK
13,135	54.20 pence	16:16 UK
2,513	54.30 pence	16:27 UK
50	54.30 pence	16:27 UK
1,766	54.30 pence	16:27 UK
3,135	54.30 pence	16:27 UK
12,536	54.30 pence	16:27 UK
26,916	54.50 pence	16:29 UK
1	54.30 pence	16:35 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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