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Vertu Motors PLC (VTU)

  Print          Annual reports

Wednesday 09 February, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 0851B
Vertu Motors PLC
09 February 2022
 

09 February 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 08 February 2022 , it purchased 349,906 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

08 February 2022

Number of ordinary shares purchased

349,906

Highest price paid per ordinary share

67.00 pence

Lowest price paid per ordinary share

65.20 pence

Volume weighted average price paid per ordinary share

66.0574 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 359,701,272 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: 

08 February 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

 

349,906

66.0574

London Stock Exchange

 

 




 

Individual Transactions:


 



7,038

67.00 pence

 09:59 UK

 7,632

67.00 pence

 10:03 UK

 712

67.00 pence

 10:03 UK

 6,467

67.00 pence

 10:11 UK

 7,491

67.00 pence

 10:11 UK

 14,670

67.00 pence

 10:11 UK

 2,529

67.00 pence

 10:11 UK

 12,141

67.00 pence

 10:15 UK

 596

67.00 pence

 10:15 UK

 1,257

67.00 pence

 10:15 UK

 12,817

67.00 pence

 10:15 UK

 1,257

67.00 pence

 10:15 UK

 1,451

67.00 pence

 10:15 UK

 3,607

67.00 pence

 10:15 UK

 6,110

67.00 pence

 10:15 UK

 3,489

67.00 pence

 10:15 UK

 13

67.00 pence

 10:15 UK

 10,723

67.00 pence

 10:16 UK

 10,000

66.00 pence

 11:51 UK

 10,000

66.00 pence

 13:10 UK

 9,096

66.00 pence

 14:13 UK

 904

66.00 pence

 14:13 UK

 10,619

66.00 pence

 14:13 UK

 10,000

66.00 pence

 14:15 UK

 20,419

66.00 pence

 14:15 UK

 4,133

66.00 pence

 14:15 UK

 5,867

66.00 pence

 14:15 UK

 4,133

66.00 pence

 14:15 UK

 400

66.00 pence

 14:15 UK

 1,549

66.00 pence

 14:15 UK

 6,160

66.00 pence

 14:15 UK

 1,673

66.00 pence

 14:15 UK

 218

66.00 pence

 14:15 UK

 4,829

66.00 pence

 14:16 UK

 3,998

65.60 pence

 15:00 UK

 1,205

65.60 pence

 15:00 UK

 7,357

65.60 pence

 15:00 UK

 1,205

65.60 pence

 15:00 UK

 8,562

65.60 pence

 15:00 UK

 2,793

65.60 pence

 15:00 UK

 1,205

65.60 pence

 15:00 UK

 10,126

65.60 pence

 15:00 UK

 2,434

65.60 pence

 15:00 UK

 2,314

65.60 pence

 15:00 UK

 6,466

65.60 pence

 15:00 UK

 795

65.60 pence

 15:00 UK

 4,144

65.60 pence

 15:00 UK

 1,054

65.60 pence

 15:00 UK

 101

65.60 pence

 15:00 UK

 20,043

65.60 pence

 15:00 UK

 3,854

65.60 pence

 15:00 UK

 8,706

65.60 pence

 15:01 UK

 138

65.60 pence

 15:01 UK

 905

65.60 pence

 15:01 UK

 11,517

65.60 pence

 15:02 UK

 1,078

65.60 pence

 15:02 UK

 9,966

65.20 pence

 15:35 UK

 7,145

65.20 pence

 15:37 UK

 12,991

65.20 pence

 15:37 UK

 4,120

65.20 pence

 15:37 UK

 13,457

65.20 pence

 15:37 UK

 174

65.20 pence

 15:37 UK

 2,053

65.20 pence

 16:10 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 159 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 155 franchised sales outlets and 4 non-franchised sales operations from 120 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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