Transaction in Own Shares

RNS Number : 5375P

Vertu Motors PLC

21 June 2022

 

21 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 20 June 2022 , it purchased 128,111 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 20 June 2022 Number of ordinary shares purchased 128,111 Highest price paid per ordinary share 52.50 pence Lowest price paid per ordinary share 51.80 pence Volume weighted average price paid per ordinary share 52.2714 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 351,564,208 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 June 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
128,111	52.2714	London Stock Exchange

Individual Transactions:
	1,590 52.00 pence  10:40 UK  1,477 52.00 pence  10:40 UK  1,232 52.00 pence  10:40 UK  5,713 52.00 pence  11:59 UK  13,469 52.00 pence  11:59 UK  594 52.00 pence  11:59 UK  925 52.00 pence  11:59 UK  2,300 51.80 pence  12:14 UK  3,084 51.80 pence  12:44 UK  2,400 51.80 pence  13:15 UK  2,668 51.80 pence  13:54 UK  2,142 51.80 pence  13:54 UK  2,700 52.00 pence  14:22 UK  7,500 52.50 pence  16:14 UK  827 52.50 pence  16:14 UK  521 52.50 pence  16:14 UK  3,966 52.50 pence  16:14 UK  424 52.50 pence  16:14 UK  115 52.50 pence  16:14 UK  434 52.50 pence  16:14 UK  4,343 52.50 pence  16:14 UK  884 52.50 pence  16:14 UK  8,848 52.50 pence  16:14 UK  4,213 52.50 pence  16:14 UK  463 52.50 pence  16:14 UK  4,635 52.50 pence  16:14 UK  884 52.50 pence  16:14 UK  8,848 52.50 pence  16:14 UK  8,848 52.50 pence  16:14 UK  3,764 52.50 pence  16:14 UK  2,000 52.40 pence  16:14 UK  7,706 52.40 pence  16:14 UK  76 52.00 pence  16:18 UK  3,044 52.00 pence  16:18 UK  6,364 52.00 pence  16:18 UK  152 52.40 pence  16:35 UK  113 52.40 pence  16:35 UK  1 52.40 pence  16:35 UK  3,132 52.40 pence  16:35 UK  76 52.40 pence  16:35 UK  57 52.40 pence  16:35 UK  1,290 52.40 pence  16:35 UK  178 52.40 pence  16:35 UK  1,259 52.40 pence  16:35 UK  678 52.40 pence  16:35 UK  231 52.40 pence  16:35 UK  409 52.40 pence  16:35 UK  237 52.40 pence  16:35 UK  164 52.40 pence  16:35 UK  7 52.40 pence  16:35 UK  284 52.40 pence  16:35 UK  842 52.40 pence  16:35 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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