Transaction in Own Shares

RNS Number : 2091P

Vertu Motors PLC

17 June 2022

 

17 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 16 June 2022 , it purchased 218,307 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 16 June 2022 Number of ordinary shares purchased 218,307 Highest price paid per ordinary share 53.50 pence Lowest price paid per ordinary share 52.50 pence Volume weighted average price paid per ordinary share 52.9822 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 351,692,319 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:	16 June 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
218,307	52.9822	London Stock Exchange

Individual Transactions:
	6,335 53.50 pence  08:25 UK  1,972 53.50 pence  08:25 UK  2,920 53.50 pence  08:29 UK  7,080 53.50 pence  08:29 UK  6,400 53.00 pence  08:49 UK  7,568 53.00 pence  08:49 UK  6,400 53.00 pence  08:49 UK  4,632 53.00 pence  10:00 UK  41,891 52.50 pence  10:10 UK  8,109 52.50 pence  10:10 UK  8,571 52.50 pence  10:21 UK  7,309 52.50 pence  10:21 UK  7,252 52.50 pence  10:21 UK  1,811 52.50 pence  10:21 UK  57 52.50 pence  10:21 UK  21,814 53.20 pence  14:23 UK  819 53.40 pence  15:04 UK  7,000 53.40 pence  15:04 UK  367 53.40 pence  15:04 UK  379 53.40 pence  15:07 UK  4,621 53.40 pence  15:09 UK  3,224 53.40 pence  15:18 UK  5,495 53.30 pence  15:40 UK  6,281 53.30 pence  15:40 UK  3,438 53.40 pence  15:55 UK  3,483 53.40 pence  15:55 UK  807 53.40 pence  15:55 UK  7,000 53.40 pence  15:55 UK  204 53.40 pence  15:55 UK  223 53.40 pence  15:55 UK  1,137 53.40 pence  15:55 UK  8,708 53.40 pence  15:55 UK  21 53.00 pence  16:17 UK  9,979 53.00 pence  16:17 UK  200 53.00 pence  16:20 UK  10,000 53.00 pence  16:20 UK  4,800 53.00 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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