Transaction in Own Shares

RNS Number : 0651A

Vertu Motors PLC

31 January 2022

 

31 January 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 28 January 2022 , it purchased 282,540 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 28 January 2022 Number of ordinary shares purchased 282,540 Highest price paid per ordinary share 66.00 pence Lowest price paid per ordinary share 66.00 pence Volume weighted average price paid per ordinary share 66.00 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 360,979,242 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:	28 January 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
282,540	66.00	London Stock Exchange

Individual Transactions: 1,994 66.00 pence  12:36 UK  14,230 66.00 pence  12:37 UK  5,866 66.00 pence  12:37 UK  15,866 66.00 pence  12:37 UK  2,005 66.00 pence  12:37 UK  4,219 66.00 pence  12:37 UK  2,314 66.00 pence  12:37 UK  3,692 66.00 pence  12:39 UK  756 66.00 pence  12:40 UK  15,328 66.00 pence  12:40 UK  13,070 66.00 pence  12:40 UK  9,020 66.00 pence  12:40 UK  2,194 66.00 pence  12:40 UK  3,395 66.00 pence  12:41 UK  2,000 66.00 pence  12:41 UK  4,051 66.00 pence  12:52 UK  5,455 66.00 pence  12:52 UK  18,012 66.00 pence  12:52 UK  5,256 66.00 pence  15:02 UK  199 66.00 pence  16:17 UK  12,656 66.00 pence  16:17 UK  5,455 66.00 pence  16:17 UK  12,656 66.00 pence  16:17 UK  5,455 66.00 pence  16:17 UK  12,656 66.00 pence  16:17 UK  5,455 66.00 pence  16:17 UK  133 66.00 pence  16:17 UK  12,523 66.00 pence  16:17 UK  4,713 66.00 pence  16:17 UK  42,764 66.00 pence  16:17 UK  10,000 66.00 pence  16:17 UK  2,656 66.00 pence  16:19 UK  7,111 66.00 pence  16:19 UK  2,665 66.00 pence  16:19 UK  9,700 66.00 pence  16:19 UK   291 66.00pence  16:20 UK   161 66.00 pence  16:20UK   6,165 66.00 pence  16:35UK   403 66.00 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 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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