Transaction in Own Shares

RNS Number : 0271Q

Vertu Motors PLC

25 October 2021

 

25 October 2021

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 22 October 2021 , it purchased 66,637 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 20 August 2021 as follows:

Date of purchase 22 October 2021 Number of ordinary shares purchased 66,637 Highest price paid per ordinary share 61.40 pence Lowest price paid per ordinary share 61.00 pence Volume weighted average price paid per ordinary share 61.1501 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 366,267,310 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:	22 October 2021

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
66,637	61.1501	London Stock Exchange

Individual Transactions:

245 61.00 pence  08:27 UK  5,606 61.00 pence  09:04 UK  6,194 61.00 pence  09:04 UK  1,389 61.00 pence  09:04 UK  6,194 61.00 pence  09:04 UK  4,462 61.00 pence  09:04 UK  2,216 61.00 pence  09:30 UK  262 61.00 pence  10:01 UK  4,159 61.00 pence  10:01 UK  738 61.40 pence  14:53 UK  1,229 61.40 pence  14:54 UK  1,225 61.40 pence  14:55 UK  1,306 61.40 pence  15:00 UK  1,420 61.40 pence  15:05 UK  2,134 61.40 pence  15:09 UK  1,422 61.40 pence  15:10 UK  1,466 61.40 pence  15:15 UK  1,103 61.40 pence  15:17 UK  1,290 61.40 pence  15:20 UK  1,421 61.40 pence  15:33 UK  1,359 61.40 pence  15:34 UK  1,419 61.40 pence  15:35 UK  1,140 61.40 pence  15:37 UK  1,408 61.40 pence  15:39 UK  1,269 61.40 pence  15:40 UK  1,265 61.40 pence  15:41 UK  1,544 61.40 pence  15:42 UK  842 61.40 pence  15:43 UK  865 61.00 pence  15:45 UK  1,459 61.00 pence  15:45 UK  1,388 61.00 pence  15:46 UK  1,271 61.00 pence  15:46 UK  472 61.00 pence  15:47 UK  639 61.00 pence  15:50 UK  1,496 61.00 pence  15:50 UK  1,557 61.00 pence  15:51 UK  1,581 61.00 pence  15:51 UK  182 61.00 pence  15:52 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 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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  

 

END

 

 

POSDKQBDKBDBOKB