Transaction in Own Shares

RNS Number : 0547P

Vertu Motors PLC

16 June 2022

 

16 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 15 June 2022 , it purchased 222,419 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 15 June 2022 Number of ordinary shares purchased 222,419 Highest price paid per ordinary share 55.00 pence Lowest price paid per ordinary share 53.60 pence Volume weighted average price paid per ordinary share 54.3076 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 351,910,626 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:	15 June 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
222,419	54.3076	London Stock Exchange

Individual Transactions:
	2,299 54.50 pence  09:02 UK  3,334 55.00 pence  10:09 UK  2,538 55.00 pence  10:09 UK  4,128 55.00 pence  10:09 UK  3,327 55.00 pence  10:10 UK  1,993 55.00 pence  10:10 UK  739 55.00 pence  10:10 UK  393 55.00 pence  10:10 UK  8,548 55.00 pence  10:10 UK  790 55.00 pence  10:10 UK  1,965 54.50 pence  10:24 UK  120 54.50 pence  10:24 UK  621 54.50 pence  10:24 UK  678 54.50 pence  10:24 UK  207 54.50 pence  10:24 UK  739 54.50 pence  10:24 UK  1,354 54.60 pence  11:13 UK  1,855 54.60 pence  11:13 UK  1,086 54.30 pence  12:30 UK  1,914 54.30 pence  12:30 UK  7,000 54.30 pence  12:30 UK  1,730 54.60 pence  12:36 UK  7,000 54.60 pence  12:36 UK  752 54.60 pence  12:36 UK  518 54.60 pence  12:36 UK  2,659 54.50 pence  12:51 UK  270 54.50 pence  12:51 UK  227 54.50 pence  12:51 UK  916 54.50 pence  13:07 UK  916 54.50 pence  13:12 UK  5,012 54.50 pence  13:12 UK  2,425 54.50 pence  13:12 UK  8,488 54.50 pence  13:12 UK  984 54.50 pence  13:19 UK  2,759 54.50 pence  13:22 UK  344 54.50 pence  13:22 UK  5,509 54.50 pence  13:22 UK  3,491 54.50 pence  13:23 UK  2,777 54.50 pence  13:24 UK  3,566 54.50 pence  13:39 UK  2,175 54.40 pence  13:42 UK  825 54.40 pence  13:42 UK  29 54.40 pence  13:43 UK  2,398 54.00 pence  13:56 UK  486 54.00 pence  13:58 UK  2,721 54.00 pence  14:01 UK  1,186 54.00 pence  14:08 UK  531 54.00 pence  14:15 UK  1,392 54.00 pence  14:17 UK  2,218 54.00 pence  14:21 UK  2,071 54.00 pence  14:22 UK  2,838 54.40 pence  14:39 UK  4,025 54.40 pence  14:39 UK  2,975 54.40 pence  14:39 UK  813 54.40 pence  14:39 UK  2,466 54.40 pence  14:39 UK  1,883 54.40 pence  14:39 UK  2,538 54.40 pence  14:40 UK  779 54.40 pence  14:40 UK  787 54.40 pence  14:40 UK  497 54.40 pence  14:40 UK  399 54.40 pence  14:40 UK  1,508 54.40 pence  14:41 UK  1,460 54.40 pence  14:41 UK  640 54.40 pence  14:41 UK  2,175 54.40 pence  14:41 UK  294 54.40 pence  14:41 UK  551 54.40 pence  14:41 UK  10,900 54.40 pence  14:45 UK  1,293 54.00 pence  14:58 UK  2,792 54.00 pence  14:59 UK  2,127 54.00 pence  14:59 UK  1,524 54.00 pence  15:03 UK  1,675 54.00 pence  15:06 UK  4,688 54.00 pence  15:06 UK  3,788 54.00 pence  15:06 UK  6,212 54.00 pence  15:06 UK  4,184 54.00 pence  15:07 UK  6,212 54.00 pence  15:07 UK  2,991 54.00 pence  15:07 UK  3,081 54.00 pence  15:07 UK  3,221 54.00 pence  15:07 UK  2,297 54.00 pence  15:12 UK  803 54.00 pence  15:12 UK  6,000 54.00 pence  15:12 UK  1,644 53.60 pence  15:58 UK  882 53.60 pence  15:58 UK  2,792 53.60 pence  15:59 UK  913 53.60 pence  16:03 UK  2,736 53.60 pence  16:17 UK  7,538 53.60 pence  16:21 UK  3,495 53.60 pence  16:21 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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