Transaction in Own Shares

RNS Number : 7599D
Vertu Motors PLC
07 March 2022
 

07 March 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 04 March 2022 , it purchased 259,374 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

04 March 2022

Number of ordinary shares purchased

259,374

Highest price paid per ordinary share

60.40 pence

Lowest price paid per ordinary share

58.00 pence

Volume weighted average price paid per ordinary share

59.3590 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 359,163,598 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: 

04 March 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

 

259,374

59.3590


London Stock Exchange

 

 

Individual transactions:-

 




18,666

60.40 pence

 09:04 UK

 4,781

60.40 pence

 09:04 UK

 1,283

60.40 pence

 09:04 UK

 12,602

60.40 pence

 09:04 UK

 18,666

60.40 pence

 09:04 UK

 217

60.40 pence

 09:04 UK

 3,159

60.40 pence

 09:04 UK

 3,776

59.80 pence

 09:05 UK

 3,059

59.80 pence

 09:07 UK

 597

59.80 pence

 09:07 UK

 10,256

59.80 pence

 09:07 UK

 597

59.80 pence

 09:07 UK

 17,688

59.80 pence

 09:07 UK

 13,900

59.80 pence

 09:13 UK

 127

59.80 pence

 09:13 UK

 16,309

59.40 pence

 09:24 UK

 478

59.40 pence

 09:24 UK

 3,701

59.40 pence

 09:24 UK

 7,870

59.40 pence

 09:24 UK

 4,738

59.40 pence

 09:24 UK

 13,819

59.40 pence

 09:24 UK

 3,085

59.40 pence

 09:24 UK

 1,483

59.00 pence

 09:56 UK

 14,849

59.00 pence

 09:56 UK

 8,224

59.00 pence

 09:56 UK

 8,108

59.00 pence

 09:56 UK

 4,209

59.00 pence

 10:03 UK

 12,123

59.00 pence

 10:04 UK

 1,004

59.00 pence

 10:04 UK

 22,243

58.00 pence

 10:08 UK

 1,100

58.00 pence

 10:08 UK

 1,212

58.00 pence

 12:05 UK

 551

58.00 pence

 12:05 UK

 667

58.00 pence

 12:05 UK

 1,601

58.00 pence

 12:05 UK

 988

58.00 pence

 12:13 UK

 16,124

58.00 pence

 12:13 UK

 3,147

58.00 pence

 12:13 UK

 2,367

58.00 pence

 12:13 UK

 



 



 




For further information please contact:

 

Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

 

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

 

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

 

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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