Transaction in Own Shares

RNS Number : 3998S

Vertu Motors PLC

14 July 2022

 

14 July 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 13 July 2022 , it purchased 159,771 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 13 July 2022 Number of ordinary shares purchased 159,771 Highest price paid per ordinary share 56.90 pence Lowest price paid per ordinary share 55.90 pence Volume weighted average price paid per ordinary share 56.3656 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 349,966,232 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:	13 July 2022

Aggregate information:

Aggregated Volume	Volume-weighted average price (pence)	Venue
159,771	56.3656	London Stock Exchange

1,666 56.90 pence  09:58 UK  3,173 56.90 pence  09:58 UK  9,561 56.90 pence  09:58 UK  415 56.90 pence  10:11 UK  3,996 56.90 pence  10:11 UK  4,324 56.90 pence  10:11 UK  3,996 56.90 pence  10:11 UK  8,735 56.90 pence  10:11 UK  3,984 56.90 pence  10:11 UK  980 56.90 pence  10:11 UK  3,170 56.90 pence  10:11 UK  2,300 56.40 pence  11:32 UK  13,471 56.40 pence  11:32 UK  1,316 56.30 pence  13:12 UK  2 56.30 pence  13:12 UK  969 56.30 pence  13:27 UK  2 56.30 pence  13:27 UK  8 56.30 pence  13:30 UK  2,000 56.30 pence  13:30 UK  82 56.30 pence  13:30 UK  4,366 56.30 pence  13:30 UK  3,037 56.30 pence  13:30 UK  5,708 56.30 pence  13:30 UK  5,708 56.30 pence  13:30 UK  3,037 56.30 pence  13:30 UK  3,037 56.30 pence  13:30 UK  2,519 56.30 pence  13:30 UK  423 56.30 pence  13:30 UK  2,766 56.30 pence  13:30 UK  1,182 56.30 pence  13:30 UK  4,600 56.30 pence  13:30 UK  2,963 56.30 pence  13:30 UK  2,963 56.30 pence  13:30 UK  3,312 56.30 pence  13:30 UK  38 56.00 pence  15:06 UK  8,312 56.00 pence  15:06 UK  336 56.00 pence  15:06 UK  1,307 56.00 pence  15:06 UK  4,700 56.00 pence  15:06 UK  2,007 56.00 pence  15:06 UK  2,007 56.00 pence  15:06 UK  4,457 56.00 pence  15:06 UK  892 56.00 pence  15:06 UK  944 56.00 pence  15:07 UK  73 55.90 pence  15:59 UK  119 55.90 pence  15:59 UK  598 55.90 pence  16:00 UK  5,710 55.90 pence  16:13 UK  5,857 55.90 pence  16:13 UK  643 55.90 pence  16:13 UK  5,712 55.90 pence  16:13 UK  1,308 55.90 pence  16:13 UK  841 55.90 pence  16:13 UK  41 55.90 pence  16:13 UK  4,098 55.90 pence  16:13 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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