Transaction in Own Shares

RNS Number : 6014Q

Vertu Motors PLC

29 June 2022

 

29 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 28 June 2022 , it purchased 190,240 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 28 June 2022 Number of ordinary shares purchased 190,240 Highest price paid per ordinary share 57.00 pence Lowest price paid per ordinary share 56.50 pence Volume weighted average price paid per ordinary share 56.9235 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 351,154,453 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 June 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
190,240	56.9235	London Stock Exchange

Individual Transactions:
937 56.90 pence  08:48 UK  1,388 56.90 pence  08:48 UK  1,469 56.90 pence  08:48 UK  4,640 56.90 pence  08:48 UK  5,018 56.90 pence  08:48 UK  5,356 56.90 pence  08:48 UK  3,031 56.90 pence  08:48 UK  3,456 56.90 pence  08:48 UK  1,310 56.90 pence  08:48 UK  3,036 56.90 pence  08:48 UK  1,525 56.90 pence  09:52 UK  365 57.00 pence  11:10 UK  9,457 57.00 pence  11:11 UK  1,105 57.00 pence  11:12 UK  8,717 57.00 pence  11:22 UK  9,822 57.00 pence  11:23 UK  2,500 57.00 pence  11:23 UK  1,632 57.00 pence  11:25 UK  7,322 57.00 pence  11:25 UK  798 57.00 pence  11:25 UK  2,023 57.00 pence  11:25 UK  6,259 57.00 pence  11:25 UK  199 56.90 pence  11:30 UK  2,941 56.90 pence  11:30 UK  5,934 56.90 pence  11:30 UK  4,066 56.50 pence  11:30 UK  4,747 56.50 pence  11:30 UK  4,563 56.50 pence  11:31 UK  432 56.50 pence  11:31 UK  4,700 57.00 pence  14:29 UK  135 57.00 pence  14:30 UK  4,244 57.00 pence  14:30 UK  8,944 57.00 pence  14:30 UK  4,375 57.00 pence  15:49 UK  4,569 57.00 pence  15:49 UK  4,924 57.00 pence  15:49 UK  4,924 57.00 pence  15:49 UK  4,020 57.00 pence  15:49 UK  8,944 57.00 pence  15:49 UK  138 57.00 pence  15:49 UK  83 57.00 pence  15:49 UK  1,120 56.90 pence  16:13 UK  3,710 56.90 pence  16:13 UK  6,800 56.90 pence  16:18 UK  2,013 56.90 pence  16:18 UK  3,419 56.90 pence  16:18 UK  5,394 56.90 pence  16:18 UK  8,813 56.90 pence  16:18 UK  635 56.90 pence  16:18 UK  1,275 56.90 pence  16:18 UK  3,013 56.90 pence  16:19 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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