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Vertu Motors PLC (VTU)

  Print          Annual reports

Wednesday 08 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 0747O
Vertu Motors PLC
08 June 2022
 

08 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 07 June 2022 , it purchased 242,718 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 07 June 2022 as follows:

 

Date of purchase

07 June 2022

Number of ordinary shares purchased

242,718

Highest price paid per ordinary share

57.80 pence

Lowest price paid per ordinary share

57.00 pence

Volume weighted average price paid per ordinary share

57.4046 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 353,874,603 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 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

242,718

57.4046


London Stock Exchange

 

 

Individual Transactions:

4,878

57.00 pence

 08:38 UK

 1,778

57.00 pence

 08:38 UK

 11,770

57.00 pence

 08:38 UK

 8,918

57.00 pence

 08:38 UK

 11,538

57.00 pence

 09:26 UK

 8,462

57.80 pence

 10:58 UK

 4,591

57.80 pence

 11:05 UK

 2,097

57.80 pence

 11:05 UK

 2,234

57.80 pence

 11:13 UK

 2,669

57.80 pence

 11:54 UK

 1,998

57.80 pence

 11:54 UK

 6,002

57.80 pence

 11:54 UK

 1,998

57.80 pence

 11:54 UK

 2,920

57.80 pence

 11:59 UK

 4,200

57.80 pence

 11:59 UK

 1,291

57.80 pence

 11:59 UK

 11,522

57.50 pence

 12:10 UK

 11,522

57.50 pence

 12:20 UK

 4,682

57.50 pence

 12:20 UK

 6,840

57.50 pence

 12:20 UK

 434

57.50 pence

 12:20 UK

 12,442

57.50 pence

 12:52 UK

 12,442

57.50 pence

 12:52 UK

 2,920

57.50 pence

 12:52 UK

 9,522

57.50 pence

 12:52 UK

 5,277

57.50 pence

 12:52 UK

 7,165

57.50 pence

 12:52 UK

 5,277

57.50 pence

 12:52 UK

 4,450

57.50 pence

 12:52 UK

 5,505

57.50 pence

 12:52 UK

 6,055

57.30 pence

 13:23 UK

 18,165

57.30 pence

 13:23 UK

 3,556

57.30 pence

 13:25 UK

 2,499

57.30 pence

 13:26 UK

 1,107

57.30 pence

 13:26 UK

 3,740

57.30 pence

 13:26 UK

 2,315

57.30 pence

 13:27 UK

 1,705

57.30 pence

 13:27 UK

 5,473

57.30 pence

 13:27 UK

 118

57.30 pence

 13:28 UK

 464

57.30 pence

 13:28 UK

 464

57.30 pence

 13:28 UK

 148

57.30 pence

 13:28 UK

 4,191

57.30 pence

 13:28 UK

 7,200

57.00 pence

 13:28 UK

 4,103

57.00 pence

 13:28 UK

 2,133

57.60 pence

 14:57 UK

 1,938

57.60 pence

 14:58 UK









 

 

For further information please contact:

 

Vertu Motors plc

 

Robert Forrester, CEO

Tel: 0191 491 2111

Karen Anderson, CFO

Tel: 0191 491 2112

 


Zeus Capital Limited

Tel: 020 3829 5000

Jamie Peel


Andrew Jones


Dominic King


 


Camarco

Tel: 020 3757 4983

Billy Clegg

 

Tom Huddart

 

 

 

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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