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Vertu Motors PLC (VTU)

  Print          Annual reports

Tuesday 14 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 7145O
Vertu Motors PLC
14 June 2022
 

14 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 13 June 2022 , it purchased 350,876 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

13 June 2022

Number of ordinary shares purchased

350,876

Highest price paid per ordinary share

56.00 pence

Lowest price paid per ordinary share

54.00 pence

Volume weighted average price paid per ordinary share

54.8678 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 352,367,133 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: 

13 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

350,876

54.8678


London Stock Exchange

 

 

Individual Transactions:

7,870

56.00 pence

 08:01 UK

 

 3,006

56.00 pence

 08:01 UK

 

 20,000

55.50 pence

 08:05 UK

 

 20,000

55.50 pence

 08:05 UK

 

 3,053

55.30 pence

 08:17 UK

 

 7,947

55.30 pence

 08:17 UK

 

 11,000

55.30 pence

 08:17 UK

 

 7,947

55.30 pence

 08:17 UK

 

 2,000

55.30 pence

 08:17 UK

 

 1,053

55.30 pence

 08:17 UK

 

 15

55.30 pence

 08:17 UK

 

 11,000

55.30 pence

 08:22 UK

 

 5,985

55.30 pence

 08:22 UK

 

 8,400

55.00 pence

 08:27 UK

 

 8,400

55.00 pence

 08:27 UK

 

 5,498

55.00 pence

 08:27 UK

 

 8,400

55.00 pence

 08:27 UK

 

 19,302

55.00 pence

 08:27 UK

 

 2,660

55.00 pence

 10:49 UK

 

 1,840

55.00 pence

 10:49 UK

 

 20,500

55.00 pence

 10:49 UK

 

 1,462

55.00 pence

 13:15 UK

 

 1,595

55.00 pence

 13:15 UK

 

 2,982

55.00 pence

 13:18 UK

 

 961

55.00 pence

 13:18 UK

 

 1,330

55.00 pence

 13:20 UK

 

 1,329

55.00 pence

 13:21 UK

 

 1,330

55.00 pence

 13:23 UK

 

 1,755

55.00 pence

 13:25 UK

 

 1,256

55.00 pence

 13:28 UK

 

 638

55.00 pence

 13:31 UK

 

 1,329

55.00 pence

 13:32 UK

 

 1,329

55.00 pence

 13:35 UK

 

 1,595

55.00 pence

 13:38 UK

 

 1,329

55.00 pence

 13:39 UK

 

 780

55.00 pence

 13:40 UK

 

 161

55.00 pence

 13:40 UK

 

 36

55.00 pence

 13:40 UK

 

 396

55.00 pence

 13:42 UK

 

 1,462

55.00 pence

 13:42 UK

 

 5,106

55.00 pence

 13:43 UK

 

 1,329

55.00 pence

 13:46 UK

 

 2,659

55.00 pence

 13:47 UK

 

 654

55.00 pence

 13:47 UK

 

 2,358

55.00 pence

 13:47 UK

 

 1,216

55.00 pence

 13:47 UK

 

 7,000

55.00 pence

 13:48 UK

 

 1,004

55.00 pence

 13:48 UK

 

 2,123

54.50 pence

 13:54 UK

 

 1,329

54.50 pence

 13:54 UK

 

 21,548

54.50 pence

 13:54 UK

 

 1,312

54.50 pence

 14:25 UK

 

 1,329

54.50 pence

 14:25 UK

 

 8,859

54.50 pence

 14:25 UK

 

 11,500

54.50 pence

 14:25 UK

 

 2,925

54.50 pence

 14:26 UK

 

 1,861

54.50 pence

 14:27 UK

 

 1,728

54.50 pence

 14:29 UK

 

 2,660

54.50 pence

 14:29 UK

 

 1,329

54.50 pence

 14:30 UK

 

 997

54.50 pence

 14:33 UK

 

 1,728

54.50 pence

 14:34 UK

 

 1,329

54.50 pence

 14:35 UK

 

 1,861

54.50 pence

 14:37 UK

 

 1,329

54.50 pence

 14:40 UK

 

 1,462

54.50 pence

 14:40 UK

 

 2,710

54.50 pence

 14:41 UK

 

 1,081

54.50 pence

 14:41 UK

 

 4,000

54.50 pence

 14:41 UK

 

 2,863

54.30 pence

 10:25 UK

 

 2,756

54.00 pence

 08:42 UK

 

 1,595

54.00 pence

 14:49 UK

 

 1,406

54.00 pence

 14:49 UK

 

 2,659

54.00 pence

 14:49 UK

 

 1,440

54.00 pence

 14:50 UK

 

 1,784

54.00 pence

 14:50 UK

 

 1,595

54.00 pence

 14:52 UK

 

 1,994

54.00 pence

 14:54 UK

 

 1,727

54.00 pence

 14:55 UK

 

 2,659

54.00 pence

 15:17 UK

 

 1,329

54.00 pence

 15:17 UK

 

 1,728

54.00 pence

 15:19 UK

 

 1,384

54.00 pence

 15:20 UK

 

 959

54.00 pence

 15:22 UK

 

 1,706

54.00 pence

 15:24 UK

 

 1,462

54.00 pence

 15:25 UK

 

 2,660

54.00 pence

 15:26 UK

 

 313

54.00 pence

 15:27 UK

 

 1,329

54.00 pence

 15:35 UK

 

 1,750

54.00 pence

 15:37 UK

 

 2,740

54.00 pence

 15:38 UK

 

 1,281

54.00 pence

 15:39 UK

 

 1,601

54.00 pence

 15:42 UK

 

 1,462

54.00 pence

 15:44 UK

 

 2,739

54.00 pence

 15:44 UK

 

 1,298

54.00 pence

 15:45 UK

 

 586

54.00 pence

 15:49 UK

 

 1,595

54.00 pence

 15:50 UK

 

 4,919

54.00 pence

 15:51 UK

 

 300

54.00 pence

 15:51 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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