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Vertu Motors PLC (VTU)

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Wednesday 09 March, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 0948E
Vertu Motors PLC
09 March 2022
 

09 March 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 08 March 2022 , it purchased 277,653 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

08 March 2022

Number of ordinary shares purchased

277,653

Highest price paid per ordinary share

60.40 pence

Lowest price paid per ordinary share

58.00 pence

Volume weighted average price paid per ordinary share

60.2570 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 358,616,768 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 March 2022

 

 

 

Aggregate information:

 

 

 

 

Aggregated Volume

Volume-weighted average price (pence)

Venue

 

277,653

60.2570


London Stock Exchange
 

 

 

Individual transactions:-

 

858

58.00 pence

 08:02 UK

 858

58.00 pence

 08:02 UK

 1,700

58.00 pence

 08:07 UK

 9,399

59.00 pence

 09:27 UK

 2,932

59.00 pence

 09:27 UK

 740

59.00 pence

 09:31 UK

 8,372

59.00 pence

 09:31 UK

 740

59.00 pence

 09:31 UK

 320

59.00 pence

 09:35 UK

 16,634

60.40 pence

 15:03 UK

 4,342

60.40 pence

 15:03 UK

 12,292

60.40 pence

 15:03 UK

 12,292

60.40 pence

 15:03 UK

 4,342

60.40 pence

 15:03 UK

 1,450

60.40 pence

 15:07 UK

 15,184

60.40 pence

 15:07 UK

 15,281

60.40 pence

 15:07 UK

 97

60.40 pence

 15:07 UK

 97

60.40 pence

 15:07 UK

 1,159

60.40 pence

 15:07 UK

 3,058

60.40 pence

 15:07 UK

 954

60.40 pence

 16:29 UK

 164,552

60.40 pence

 16:32 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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