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Vertu Motors PLC (VTU)

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Tuesday 08 March, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 9414D
Vertu Motors PLC
08 March 2022
 

08 March 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 07 March 2022 , it purchased 269,177 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 02 March 2022 as follows:

 

Date of purchase

07 March 2022

Number of ordinary shares purchased

269,177

Highest price paid per ordinary share

59.60 pence

Lowest price paid per ordinary share

54.00 pence

Volume weighted average price paid per ordinary share

56.6411 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 358,894,421 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: 

07 March 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

 

269,177

56.6411


London Stock Exchange

 

 

Individual transactions:-

 



 19,177

57.00 pence

 08:00 UK

 

 25,500

56.00 pence

 08:11 UK

 

 1,268

55.00 pence

 08:25 UK

 

 17,455

55.00 pence

 08:25 UK

 

 6,398

55.00 pence

 08:25 UK

 

 6,398

55.00 pence

 08:25 UK

 

 12,325

55.00 pence

 08:25 UK

 

 4,407

55.00 pence

 08:25 UK

 

 1,249

55.00 pence

 08:25 UK

 

 32,678

54.00 pence

 08:28 UK

 

 17,322

54.00 pence

 08:28 UK

 

 10,000

58.80 pence

 13:54 UK

 

 25,000

58.00 pence

 15:26 UK

 

 12,140

58.00 pence

 15:51 UK

 

 5,197

58.00 pence

 15:51 UK

 

 911

58.00 pence

 15:51 UK

 

 17,337

58.00 pence

 15:51 UK

 

 5,000

58.80 pence

 16:04 UK

 

 1,363

58.80 pence

 16:04 UK

 

 2,324

58.80 pence

 16:04 UK

 

 6,995

58.80 pence

 16:04 UK

 

 24,318

58.80 pence

 16:04 UK

 

 6,649

58.60 pence

 16:22 UK

 

 950

58.60 pence

 16:27 UK

 

 487

58.60 pence

 16:29 UK

 

 2,094

58.60 pence

 16:29 UK

 

 2,317

59.60 pence

 16:35 UK

 

 1,918

59.60 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 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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