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Vertu Motors PLC (VTU)

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Friday 08 April, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 7129H
Vertu Motors PLC
08 April 2022
 

08 April 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 07 April 2022 , it purchased 201,999 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 April 2022

Number of ordinary shares purchased

201,999

Highest price paid per ordinary share

61.40 pence

Lowest price paid per ordinary share

58.40 pence

Volume weighted average price paid per ordinary share

59.8564 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 357,826,916 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 April 2022

 

 

 

Aggregate information:

 

 

 

 

Aggregated Volume

Volume-weighted average price (pence)

Venue

 

201,999

59.8564


London Stock Exchange
 

 

 

Individual transactions:-

 

1,071

61.40 pence

 08:11 UK

 2,143

61.40 pence

 08:11 UK

 286

61.40 pence

 08:12 UK

 6,428

61.40 pence

 08:13 UK

 2,071

61.40 pence

 08:14 UK

 12,500

61.00 pence

 08:20 UK

 687

61.00 pence

 08:20 UK

 11,813

61.00 pence

 08:20 UK

 9

60.60 pence

 08:20 UK

 3,000

60.60 pence

 08:20 UK

 4,835

60.60 pence

 08:20 UK

 3,000

60.60 pence

 08:20 UK

 3,358

60.60 pence

 08:20 UK

 1,071

60.60 pence

 08:25 UK

 3,415

60.60 pence

 08:25 UK

 1,071

60.60 pence

 08:25 UK

 4,486

60.60 pence

 08:25 UK

 755

60.60 pence

 08:25 UK

 7,048

60.20 pence

 08:34 UK

 281

60.20 pence

 08:44 UK

 343

60.20 pence

 08:46 UK

 666

60.20 pence

 08:49 UK

 7,996

60.20 pence

 08:49 UK

 196

60.20 pence

 08:58 UK

 68

60.20 pence

 09:00 UK

 3,534

60.20 pence

 09:04 UK

 3,215

60.20 pence

 09:10 UK

 1,325

60.20 pence

 09:10 UK

 140

60.20 pence

 09:10 UK

 188

60.20 pence

 09:10 UK

 3,500

59.90 pence

 09:10 UK

 2,084

59.90 pence

 09:11 UK

 6,049

59.90 pence

 09:11 UK

 143

59.90 pence

 09:11 UK

 2,654

59.90 pence

 09:11 UK

 585

59.90 pence

 09:11 UK

 2,000

59.90 pence

 09:11 UK

 6,251

59.90 pence

 09:11 UK

 1,734

59.90 pence

 09:11 UK

 8,813

59.50 pence

 09:30 UK

 1,900

59.50 pence

 09:30 UK

 8,813

59.50 pence

 09:30 UK

 5,474

59.50 pence

 09:30 UK

 150

59.10 pence

 09:30 UK

 11,882

59.10 pence

 09:45 UK

 12,968

59.00 pence

 14:57 UK

 5,593

58.80 pence

 15:47 UK

 1,021

58.80 pence

 15:47 UK

 4,572

58.80 pence

 15:47 UK

 1,021

58.80 pence

 15:47 UK

 4,572

58.80 pence

 15:47 UK

 90

58.80 pence

 15:48 UK

 931

58.80 pence

 15:54 UK

 2,200

58.80 pence

 16:06 UK

 18,515

58.60 pence

 16:25 UK

 1,459

58.60 pence

 16:25 UK

 26

58.40 pence

 16:18 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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