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Vertu Motors PLC (VTU)

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Monday 29 November, 2021

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 8510T
Vertu Motors PLC
29 November 2021
 

29 November 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 26 November 2021 , it purchased 169,257 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 05 November 2021 as follows:

 

Date of purchase

26 November 2021

Number of ordinary shares purchased

169,257

Highest price paid per ordinary share

60.00 pence

Lowest price paid per ordinary share

58.60 pence

Volume weighted average price paid per ordinary share

59.2326 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 363,191,239 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: 

26 November 2021



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

169,257

59.2326


London Stock Exchange

 

 

Individual Transactions:









11,212

59.60 pence

 08:10 UK

 900

59.80 pence

 08:22 UK

 3,840

59.80 pence

 08:22 UK

 715

59.80 pence

 08:22 UK

 8,788

59.40 pence

 08:23 UK

 12,274

59.20 pence

 08:23 UK

 15,711

59.00 pence

 08:33 UK

 4,210

59.00 pence

 08:33 UK

 5,000

60.00 pence

 08:56 UK

 3,080

60.00 pence

 10:48 UK

 3,420

60.00 pence

 10:48 UK

 5,094

60.00 pence

 11:50 UK

 3,157

59.80 pence

 11:50 UK

 394

59.80 pence

 11:50 UK

 3,336

60.00 pence

 12:19 UK

 3,647

60.00 pence

 12:23 UK

 9,855

59.80 pence

 12:30 UK

 4,210

59.00 pence

 12:45 UK

 162

59.00 pence

 13:34 UK

 4,210

59.00 pence

 13:34 UK

 3,733

59.00 pence

 13:34 UK

 4,210

59.00 pence

 13:34 UK

 3,602

59.00 pence

 13:34 UK

 608

59.00 pence

 13:34 UK

 1,119

59.00 pence

 13:34 UK

 553

59.00 pence

 13:34 UK

 2,217

59.00 pence

 13:34 UK

 10,000

58.80 pence

 14:12 UK

 264

58.80 pence

 14:33 UK

 4,736

58.80 pence

 14:33 UK

 10,000

58.60 pence

 14:36 UK

 2,212

58.80 pence

 14:57 UK

 2,788

58.80 pence

 14:57 UK

 10,000

58.60 pence

 15:10 UK

 1,906

59.00 pence

 16:35 UK

 6,582

59.00 pence

 16:35 UK

 803

59.00 pence

 16:35 UK

 638

59.00 pence

 16:35 UK

 71

59.00 pence

 16:35 UK


 




 




 




 




 

For further information please contact:

 

Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

 

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

 

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

 

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  

 

 

 

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