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Vertu Motors PLC (VTU)

  Print          Annual reports

Friday 10 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 3997O
Vertu Motors PLC
10 June 2022
 

10 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 09 June 2022 , it purchased 414,662 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

09 June 2022

Number of ordinary shares purchased

414,662

Highest price paid per ordinary share

58.30 pence

Lowest price paid per ordinary share

57.50 pence

Volume weighted average price paid per ordinary share

57.9527 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 353,066,612 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: 

09 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

414,662

57.9527


London Stock Exchange

 

 

Individual Transactions:

4,635

57.80 pence

 08:02 UK

 

 10,027

57.80 pence

 08:02 UK

 

 124

57.50 pence

 08:29 UK

 

 149

57.50 pence

 08:29 UK

 

 146

57.50 pence

 08:29 UK

 

 1,172

57.50 pence

 08:34 UK

 

 7,524

57.50 pence

 08:34 UK

 

 4,526

57.50 pence

 08:34 UK

 

 4,589

57.50 pence

 08:34 UK

 

 4,589

57.50 pence

 08:34 UK

 

 4,526

57.50 pence

 08:34 UK

 

 4,589

57.50 pence

 08:34 UK

 

 1,952

57.50 pence

 08:34 UK

 

 7,163

57.50 pence

 08:35 UK

 

 8,500

57.50 pence

 08:35 UK

 

 451

57.50 pence

 08:35 UK

 

 8,947

58.30 pence

 13:07 UK

 

 8,947

58.30 pence

 13:08 UK

 

 1,325

58.30 pence

 13:08 UK

 

 2,034

58.30 pence

 13:08 UK

 

 5,588

58.30 pence

 13:08 UK

 

 7,607

58.30 pence

 13:08 UK

 

 8,947

58.30 pence

 13:08 UK

 

 4,248

58.30 pence

 13:08 UK

 

 2,357

58.30 pence

 13:08 UK

 

 532

57.90 pence

 13:45 UK

 

 2,245

57.90 pence

 14:07 UK

 

 6,871

57.90 pence

 14:07 UK

 

 228

57.90 pence

 14:07 UK

 

 7,749

57.90 pence

 14:07 UK

 

 878

57.90 pence

 14:07 UK

 

 261

57.90 pence

 14:07 UK

 

 878

57.90 pence

 14:07 UK

 

 261

57.90 pence

 14:07 UK

 

 2,625

57.90 pence

 14:07 UK

 

 2,959

57.90 pence

 14:07 UK

 

 3,271

57.90 pence

 14:43 UK

 

 5,383

57.90 pence

 14:43 UK

 

 3,733

57.90 pence

 14:43 UK

 

 557

57.90 pence

 14:43 UK

 

 2,726

57.90 pence

 14:43 UK

 

 5,833

57.90 pence

 14:43 UK

 

 2,558

57.90 pence

 14:43 UK

 

 452

57.90 pence

 14:43 UK

 

 1,773

58.00 pence

 15:51 UK

 

 333

58.00 pence

 15:51 UK

 

 331

58.00 pence

 15:51 UK

 

 59

58.00 pence

 15:51 UK

 

 2,413

58.00 pence

 15:59 UK

 

 6,426

58.00 pence

 15:59 UK

 

 8,835

58.00 pence

 15:59 UK

 

 4

58.00 pence

 15:59 UK

 

 1,295

58.00 pence

 15:59 UK

 

 4,236

58.00 pence

 15:59 UK

 

 125

58.00 pence

 15:59 UK

 

 345

58.00 pence

 15:59 UK

 

 4,133

58.00 pence

 16:00 UK

 

 3,510

58.00 pence

 16:00 UK

 

 5,329

58.00 pence

 16:00 UK

 

 1,557

58.00 pence

 16:00 UK

 

 7,280

58.00 pence

 16:00 UK

 

 2

58.00 pence

 16:01 UK

 

 232

58.00 pence

 16:01 UK

 

 8,839

58.00 pence

 16:01 UK

 

 4,356

58.00 pence

 16:01 UK

 

 8,839

58.00 pence

 16:01 UK

 

 4,356

58.00 pence

 16:01 UK

 

 8,839

58.00 pence

 16:01 UK

 

 4,356

58.00 pence

 16:01 UK

 

 8,839

58.00 pence

 16:01 UK

 

 772

58.00 pence

 16:01 UK

 

 2,586

58.00 pence

 16:01 UK

 

 180

57.80 pence

 16:02 UK

 

 7,500

57.90 pence

 16:02 UK

 

 8,811

57.90 pence

 16:02 UK

 

 5,175

58.00 pence

 16:16 UK

 

 1,710

58.00 pence

 16:16 UK

 

 1,680

58.00 pence

 16:16 UK

 

 212

58.00 pence

 16:16 UK

 

 1,469

58.00 pence

 16:16 UK

 

 5,549

58.00 pence

 16:16 UK

 

 1,469

58.00 pence

 16:16 UK

 

 1,647

58.00 pence

 16:16 UK

 

 2,160

58.00 pence

 16:16 UK

 

 1,416

58.00 pence

 16:16 UK

 

 1,464

58.00 pence

 16:16 UK

 

 6,242

58.00 pence

 16:16 UK

 

 1,297

58.00 pence

 16:17 UK

 

 1,429

58.00 pence

 16:17 UK

 

 9,003

58.00 pence

 16:21 UK

 

 17

58.00 pence

 16:21 UK

 

 2,692

58.00 pence

 16:21 UK

 

 6,102

58.00 pence

 16:21 UK

 

 3,167

58.00 pence

 16:21 UK

 

 2,903

58.00 pence

 16:21 UK

 

 2,933

58.00 pence

 16:21 UK

 

 5,532

58.00 pence

 16:21 UK

 

 2,256

58.00 pence

 16:21 UK

 

 1,023

58.00 pence

 16:21 UK

 

 8,514

58.00 pence

 16:21 UK

 

 489

58.00 pence

 16:21 UK

 

 8,811

58.00 pence

 16:22 UK

 

 935

58.00 pence

 16:22 UK

 

 2,792

58.00 pence

 16:22 UK

 

 5,276

58.00 pence

 16:22 UK

 

 5,039

58.00 pence

 16:22 UK

 

 2,037

58.00 pence

 16:22 UK

 

 948

58.00 pence

 16:22 UK

 

 8,055

58.00 pence

 16:22 UK

 

 5,140

58.00 pence

 16:22 UK

 

 9,003

58.00 pence

 16:22 UK

 

 4,192

58.00 pence

 16:22 UK

 

 1,037

58.00 pence

 16:22 UK

 

 2,694

58.00 pence

 16:22 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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