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Vertu Motors PLC (VTU)

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Monday 23 May, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 3492M
Vertu Motors PLC
23 May 2022
 

23 May 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 May 2022 , it purchased 416,968 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

20 May 2022

Number of ordinary shares purchased

416,968

Highest price paid per ordinary share

55.00 pence

Lowest price paid per ordinary share

54.00 pence

Volume weighted average price paid per ordinary share

54.5065 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 355,843,663 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: 

20 May 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

416,968

54.5065


London Stock Exchange

 

 

Individual Transactions:

 

23,135

54.00 pence

 08:00 UK

 5,509

54.80 pence

 10:20 UK

 6,000

54.80 pence

 10:20 UK

 1,000

54.80 pence

 10:20 UK

 2,450

55.00 pence

 11:29 UK

 15,000

55.00 pence

 11:29 UK

 7,550

55.00 pence

 11:29 UK

 5,100

54.90 pence

 11:29 UK

 7,500

54.90 pence

 11:29 UK

 6,616

55.00 pence

 11:29 UK

 3,300

55.00 pence

 11:29 UK

 4,934

55.00 pence

 11:29 UK

 15,000

55.00 pence

 11:29 UK

 7,550

55.00 pence

 11:29 UK

 6,500

54.60 pence

 11:51 UK

 1,200

54.60 pence

 11:56 UK

 5,300

54.60 pence

 11:56 UK

 1,000

54.60 pence

 11:56 UK

 5,500

54.60 pence

 11:56 UK

 6,500

54.60 pence

 11:56 UK

 15,014

54.60 pence

 12:28 UK

 6,500

54.60 pence

 12:28 UK

 50,000

54.60 pence

 12:38 UK

 4,535

55.00 pence

 14:17 UK

 8,600

55.00 pence

 14:17 UK

 3,707

55.00 pence

 14:40 UK

 4,917

54.40 pence

 14:59 UK

 4,260

54.40 pence

 14:59 UK

 7,500

54.40 pence

 14:59 UK

 8,323

54.40 pence

 15:07 UK

 79

54.40 pence

 15:08 UK

 6,424

54.40 pence

 15:08 UK

 5,100

54.40 pence

 15:08 UK

 2,985

54.40 pence

 15:51 UK

 10,412

54.40 pence

 15:51 UK

 1,921

54.40 pence

 16:00 UK

 390

54.40 pence

 16:00 UK

 2,000

54.40 pence

 16:00 UK

 20,689

54.40 pence

 16:00 UK

 6,753

54.00 pence

 16:03 UK

 3,247

54.00 pence

 16:03 UK

 3,247

54.00 pence

 16:03 UK

 2,454

54.00 pence

 16:03 UK

 5,701

54.00 pence

 16:03 UK

 4,299

54.00 pence

 16:03 UK

 6,753

54.00 pence

 16:03 UK

 1,500

54.00 pence

 16:03 UK

 1,215

54.00 pence

 16:08 UK

 1,747

54.00 pence

 16:08 UK

 10,000

54.00 pence

 16:12 UK

 10,000

54.00 pence

 16:12 UK

 13,135

54.20 pence

 16:16 UK

 2,513

54.30 pence

 16:27 UK

 50

54.30 pence

 16:27 UK

 1,766

54.30 pence

 16:27 UK

 3,135

54.30 pence

 16:27 UK

 12,536

54.30 pence

 16:27 UK

 26,916

54.50 pence

 16:29 UK

 1

54.30 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 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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