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Vertu Motors PLC (VTU)

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Friday 20 May, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 1763M
Vertu Motors PLC
20 May 2022
 

20 May 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 19 May 2022 , it purchased 250,000 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

19 May 2022

Number of ordinary shares purchased

250,000

Highest price paid per ordinary share

53.60 pence

Lowest price paid per ordinary share

53.00 pence

Volume weighted average price paid per ordinary share

53.2800 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 356,260,631 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: 

19 May 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

 

250,000

53.2800


London Stock Exchange

 

 

Individual Transactions:


6,500

53.40 pence

 08:04 UK

 6,500

53.40 pence

 08:04 UK

 6,500

53.40 pence

 08:04 UK

 6,500

53.40 pence

 08:05 UK

 6,500

53.40 pence

 08:12 UK

 5,100

53.40 pence

 08:23 UK

 1,400

53.40 pence

 08:23 UK

 136

53.40 pence

 08:23 UK

 6,364

53.40 pence

 08:23 UK

 4,500

53.40 pence

 08:23 UK

 1,020

53.40 pence

 08:36 UK

 8,980

53.40 pence

 08:36 UK

 4,004

53.40 pence

 08:36 UK

 1,733

53.40 pence

 08:36 UK

 5,996

53.40 pence

 08:36 UK

 1,518

53.40 pence

 08:36 UK

 1,518

53.40 pence

 08:36 UK

 8,482

53.40 pence

 08:36 UK

 5,996

53.40 pence

 08:36 UK

 3,196

53.40 pence

 08:36 UK

 1,386

53.40 pence

 08:36 UK

 808

53.40 pence

 08:36 UK

 883

53.40 pence

 08:36 UK

 4,480

53.40 pence

 08:36 UK

 15,000

53.00 pence

 08:43 UK

 903

53.00 pence

 08:44 UK

 1,466

53.00 pence

 08:50 UK

 12,631

53.00 pence

 09:03 UK

 15,000

53.00 pence

 09:03 UK

 5,000

53.00 pence

 09:03 UK

 1,745

53.00 pence

 09:35 UK

 8,255

53.00 pence

 09:35 UK

 12

53.00 pence

 09:35 UK

 15

53.00 pence

 09:35 UK

 9,988

53.00 pence

 09:35 UK

 1,022

53.00 pence

 09:35 UK

 8,978

53.00 pence

 09:35 UK

 10,000

53.00 pence

 09:35 UK

 5,236

53.00 pence

 09:35 UK

 4,749

53.00 pence

 09:59 UK

 50,000

53.60 pence

 14:31 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 160 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 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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