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Vertu Motors PLC (VTU)

  Print          Annual reports

Wednesday 15 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 8713O
Vertu Motors PLC
15 June 2022
 

15 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 14 June 2022 , it purchased 234,088 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

14 June 2022

Number of ordinary shares purchased

234,088

Highest price paid per ordinary share

55.50 pence

Lowest price paid per ordinary share

54.00 pence

Volume weighted average price paid per ordinary share

54.5287 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 352,133,045 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: 

14 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

234,088

54.5287


London Stock Exchange

 

 

Individual Transactions:


2,550

54.00 pence

 08:33 UK

 6,000

54.00 pence

 09:03 UK

 6,997

54.00 pence

 09:03 UK

 4,695

54.00 pence

 09:03 UK

 2,601

54.00 pence

 09:03 UK

 9,880

54.00 pence

 09:03 UK

 948

54.00 pence

 09:03 UK

 417

54.00 pence

 09:03 UK

 3,555

54.00 pence

 10:36 UK

 8,445

54.00 pence

 10:36 UK

 2,600

54.00 pence

 11:20 UK

 2,203

54.00 pence

 11:20 UK

 9,400

54.00 pence

 11:20 UK

 1,963

54.00 pence

 11:20 UK

 1,000

54.00 pence

 11:20 UK

 6,400

54.00 pence

 11:30 UK

 2,637

54.00 pence

 11:30 UK

 2,804

54.00 pence

 11:33 UK

 2,727

54.00 pence

 11:46 UK

 2,872

54.00 pence

 11:59 UK

 2,549

54.00 pence

 12:11 UK

 845

54.00 pence

 12:11 UK

 7,232

54.00 pence

 12:16 UK

 2,550

54.00 pence

 12:33 UK

 2,787

54.00 pence

 12:45 UK

 1,895

54.00 pence

 12:56 UK

 2,100

54.00 pence

 13:14 UK

 2,705

54.00 pence

 13:25 UK

 2,427

54.00 pence

 13:34 UK

 2,813

54.00 pence

 13:47 UK

 2,549

54.00 pence

 14:06 UK

 710

54.50 pence

 14:22 UK

 2,804

54.50 pence

 14:23 UK

 3,004

54.50 pence

 14:40 UK

 18,482

54.50 pence

 14:40 UK

 2,549

54.50 pence

 14:50 UK

 393

54.50 pence

 14:50 UK

 2,901

54.50 pence

 14:51 UK

 2,000

54.50 pence

 14:52 UK

 757

54.60 pence

 15:39 UK

 2,776

54.60 pence

 15:39 UK

 451

54.90 pence

 15:45 UK

 7,000

54.90 pence

 15:45 UK

 2,549

54.90 pence

 15:45 UK

 8,331

55.10 pence

 15:52 UK

 2,669

55.10 pence

 15:52 UK

 9,000

55.10 pence

 15:52 UK

 587

55.10 pence

 15:52 UK

 5,979

55.10 pence

 15:52 UK

 10,000

55.00 pence

 16:16 UK

 1,810

55.20 pence

 16:17 UK

 767

55.20 pence

 16:17 UK

 1,480

55.20 pence

 16:17 UK

 5,943

55.20 pence

 16:17 UK

 20,000

55.50 pence

 16:17 UK

 2,607

55.50 pence

 16:21 UK

 7,393

55.50 pence

 16:24 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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