Transaction in Own Shares

RNS Number : 4824N

Vertu Motors PLC

01 June 2022

 

01 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 31 May 2022 , it purchased 438,409 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 31 May 2022 Number of ordinary shares purchased 438,409 Highest price paid per ordinary share 59.00 pence Lowest price paid per ordinary share 58.50 pence Volume weighted average price paid per ordinary share 58.9030 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 354,520,321 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:	31 May 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
438,409	58.9030	London Stock Exchange

Individual Transactions:
5,100 59.00 pence  08:20 UK  1,400 59.00 pence  08:20 UK  1,400 59.00 pence  08:20 UK  5,100 59.00 pence  08:20 UK  1,400 59.00 pence  08:20 UK  5,100 59.00 pence  08:20 UK  1,400 59.00 pence  08:20 UK  5,100 59.00 pence  08:20 UK  6,500 59.00 pence  08:20 UK  3,286 59.00 pence  08:20 UK  2,623 59.00 pence  08:20 UK  3,400 59.00 pence  08:42 UK  503 59.00 pence  11:33 UK  7,688 59.00 pence  11:44 UK  638 59.00 pence  12:32 UK  1,498 59.00 pence  12:45 UK  2,290 59.00 pence  12:45 UK  1,804 59.00 pence  12:45 UK  3,164 59.00 pence  12:45 UK  846 59.00 pence  12:45 UK  2,220 59.00 pence  12:45 UK  846 59.00 pence  12:45 UK  6,230 59.00 pence  13:58 UK  6,230 59.00 pence  13:58 UK  4,475 59.00 pence  13:58 UK  723 59.00 pence  13:58 UK  1,032 59.00 pence  13:58 UK  2,413 59.00 pence  13:58 UK  7,600 59.00 pence  15:49 UK  92,400 59.00 pence  15:49 UK  4,517 59.00 pence  15:49 UK  4,496 59.00 pence  15:49 UK  841 59.00 pence  15:49 UK  20,000 59.00 pence  15:49 UK  67,342 59.00 pence  15:49 UK  7,500 58.90 pence  14:48 UK  2,500 58.90 pence  14:48 UK  589 58.90 pence  16:06 UK  2,306 58.90 pence  16:06 UK  7,500 58.90 pence  16:15 UK  1,122 58.90 pence  16:15 UK  5,159 58.90 pence  16:15 UK  985 58.90 pence  16:15 UK  5,234 58.90 pence  16:15 UK  7,500 58.90 pence  16:15 UK  5,304 58.90 pence  16:15 UK  2,535 58.90 pence  16:17 UK  11,661 58.90 pence  16:21 UK  3,067 58.80 pence  15:49 UK  4,549 58.80 pence  15:49 UK  1,980 58.80 pence  15:49 UK  838 58.80 pence  15:49 UK  10,434 58.80 pence  15:49 UK  1,190 58.80 pence  15:49 UK  11,942 58.80 pence  15:56 UK  7,105 58.70 pence  15:57 UK  3,000 58.60 pence  16:12 UK  7,023 58.50 pence  11:44 UK  42,977 58.50 pence  11:44 UK  789 58.50 pence  13:58 UK  2,015 58.50 pence  13:59 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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