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Vertu Motors PLC (VTU)

  Print          Annual reports

Monday 13 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 5415O
Vertu Motors PLC
13 June 2022
 

13 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 10 June 2022 , it purchased 348,603 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

10 June 2022

Number of ordinary shares purchased

348,603

Highest price paid per ordinary share

57.50 pence

Lowest price paid per ordinary share

56.50 pence

Volume weighted average price paid per ordinary share

56.7851 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 352,718,009 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: 

10 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

348,603

56.7851


London Stock Exchange

 

 

Individual Transactions:

12,404

57.50 pence

 10:59 UK

 

 1,456

57.20 pence

 12:47 UK

 

 600

57.20 pence

 12:47 UK

 

 792

57.20 pence

 12:47 UK

 

 4,360

57.20 pence

 12:47 UK

 

 6,600

57.20 pence

 13:30 UK

 

 2,433

57.20 pence

 13:30 UK

 

 1,666

57.20 pence

 13:30 UK

 

 300

57.20 pence

 13:30 UK

 

 2,495

57.20 pence

 13:30 UK

 

 4,572

57.20 pence

 13:30 UK

 

 4,523

57.20 pence

 13:30 UK

 

 7,346

57.20 pence

 13:30 UK

 

 1,687

57.20 pence

 13:30 UK

 

 150

57.20 pence

 13:30 UK

 

 9,033

57.20 pence

 13:40 UK

 

 967

57.20 pence

 13:40 UK

 

 1,020

57.20 pence

 13:40 UK

 

 8,177

56.80 pence

 14:08 UK

 

 1,507

56.80 pence

 14:08 UK

 

 6,670

56.80 pence

 14:08 UK

 

 8,177

56.80 pence

 14:08 UK

 

 548

56.80 pence

 14:08 UK

 

 1,064

56.80 pence

 14:08 UK

 

 5,352

56.80 pence

 14:08 UK

 

 1,761

56.80 pence

 14:21 UK

 

 2,242

56.80 pence

 14:21 UK

 

 5,935

56.80 pence

 15:06 UK

 

 5,935

56.80 pence

 15:06 UK

 

 2,242

56.80 pence

 15:06 UK

 

 4,065

56.80 pence

 15:06 UK

 

 4,112

56.80 pence

 15:06 UK

 

 4,112

56.80 pence

 15:06 UK

 

 4,065

56.80 pence

 15:06 UK

 

 47

56.80 pence

 15:06 UK

 

 5,623

56.80 pence

 15:06 UK

 

 2,554

56.80 pence

 15:06 UK

 

 1,368

56.80 pence

 15:06 UK

 

 6,809

56.80 pence

 15:06 UK

 

 2,736

56.80 pence

 15:06 UK

 

 8,177

56.80 pence

 15:06 UK

 

 967

56.80 pence

 15:06 UK

 

 7,210

56.80 pence

 15:06 UK

 

 6,648

56.80 pence

 15:06 UK

 

 1,529

56.80 pence

 15:06 UK

 

 1,499

56.80 pence

 15:06 UK

 

 3,656

56.80 pence

 15:07 UK

 

 2,429

56.80 pence

 15:15 UK

 

 2,092

56.80 pence

 15:15 UK

 

 275

56.80 pence

 15:15 UK

 

 350

56.80 pence

 15:15 UK

 

 1,796

56.80 pence

 15:15 UK

 

 1,533

56.80 pence

 15:15 UK

 

 1,997

56.80 pence

 15:16 UK

 

 2,226

56.80 pence

 15:24 UK

 

 480

56.80 pence

 15:24 UK

 

 3,596

56.80 pence

 15:24 UK

 

 79

56.80 pence

 15:24 UK

 

 1,530

56.80 pence

 15:24 UK

 

 2,849

56.80 pence

 15:24 UK

 

 123

56.80 pence

 15:24 UK

 

 3,858

56.80 pence

 15:24 UK

 

 8,829

56.50 pence

 15:32 UK

 

 8,829

56.50 pence

 15:32 UK

 

 8,829

56.50 pence

 15:32 UK

 

 355

56.50 pence

 15:37 UK

 

 563

56.50 pence

 15:37 UK

 

 62

56.50 pence

 15:37 UK

 

 4,703

56.50 pence

 15:37 UK

 

 186

56.50 pence

 15:37 UK

 

 2,960

56.50 pence

 15:38 UK

 

 8,829

56.50 pence

 15:44 UK

 

 541

56.50 pence

 15:47 UK

 

 318

56.50 pence

 15:59 UK

 

 319

56.50 pence

 15:59 UK

 

 242

56.50 pence

 15:59 UK

 

 100,000

56.60 pence

 16:22 UK

 

 194

56.50 pence

 16:29 UK

 

 219

56.50 pence

 16:29 UK

 

 220

56.50 pence

 16:29 UK

 

 1

56.50 pence

 16:35 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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