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Vertu Motors PLC (VTU)

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Thursday 16 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 0547P
Vertu Motors PLC
16 June 2022
 

16 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 15 June 2022 , it purchased 222,419 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

15 June 2022

Number of ordinary shares purchased

222,419

Highest price paid per ordinary share

55.00 pence

Lowest price paid per ordinary share

53.60 pence

Volume weighted average price paid per ordinary share

54.3076 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 351,910,626 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: 

15 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

222,419

54.3076


London Stock Exchange

 

 

Individual Transactions:


2,299

54.50 pence

 09:02 UK

 3,334

55.00 pence

 10:09 UK

 2,538

55.00 pence

 10:09 UK

 4,128

55.00 pence

 10:09 UK

 3,327

55.00 pence

 10:10 UK

 1,993

55.00 pence

 10:10 UK

 739

55.00 pence

 10:10 UK

 393

55.00 pence

 10:10 UK

 8,548

55.00 pence

 10:10 UK

 790

55.00 pence

 10:10 UK

 1,965

54.50 pence

 10:24 UK

 120

54.50 pence

 10:24 UK

 621

54.50 pence

 10:24 UK

 678

54.50 pence

 10:24 UK

 207

54.50 pence

 10:24 UK

 739

54.50 pence

 10:24 UK

 1,354

54.60 pence

 11:13 UK

 1,855

54.60 pence

 11:13 UK

 1,086

54.30 pence

 12:30 UK

 1,914

54.30 pence

 12:30 UK

 7,000

54.30 pence

 12:30 UK

 1,730

54.60 pence

 12:36 UK

 7,000

54.60 pence

 12:36 UK

 752

54.60 pence

 12:36 UK

 518

54.60 pence

 12:36 UK

 2,659

54.50 pence

 12:51 UK

 270

54.50 pence

 12:51 UK

 227

54.50 pence

 12:51 UK

 916

54.50 pence

 13:07 UK

 916

54.50 pence

 13:12 UK

 5,012

54.50 pence

 13:12 UK

 2,425

54.50 pence

 13:12 UK

 8,488

54.50 pence

 13:12 UK

 984

54.50 pence

 13:19 UK

 2,759

54.50 pence

 13:22 UK

 344

54.50 pence

 13:22 UK

 5,509

54.50 pence

 13:22 UK

 3,491

54.50 pence

 13:23 UK

 2,777

54.50 pence

 13:24 UK

 3,566

54.50 pence

 13:39 UK

 2,175

54.40 pence

 13:42 UK

 825

54.40 pence

 13:42 UK

 29

54.40 pence

 13:43 UK

 2,398

54.00 pence

 13:56 UK

 486

54.00 pence

 13:58 UK

 2,721

54.00 pence

 14:01 UK

 1,186

54.00 pence

 14:08 UK

 531

54.00 pence

 14:15 UK

 1,392

54.00 pence

 14:17 UK

 2,218

54.00 pence

 14:21 UK

 2,071

54.00 pence

 14:22 UK

 2,838

54.40 pence

 14:39 UK

 4,025

54.40 pence

 14:39 UK

 2,975

54.40 pence

 14:39 UK

 813

54.40 pence

 14:39 UK

 2,466

54.40 pence

 14:39 UK

 1,883

54.40 pence

 14:39 UK

 2,538

54.40 pence

 14:40 UK

 779

54.40 pence

 14:40 UK

 787

54.40 pence

 14:40 UK

 497

54.40 pence

 14:40 UK

 399

54.40 pence

 14:40 UK

 1,508

54.40 pence

 14:41 UK

 1,460

54.40 pence

 14:41 UK

 640

54.40 pence

 14:41 UK

 2,175

54.40 pence

 14:41 UK

 294

54.40 pence

 14:41 UK

 551

54.40 pence

 14:41 UK

 10,900

54.40 pence

 14:45 UK

 1,293

54.00 pence

 14:58 UK

 2,792

54.00 pence

 14:59 UK

 2,127

54.00 pence

 14:59 UK

 1,524

54.00 pence

 15:03 UK

 1,675

54.00 pence

 15:06 UK

 4,688

54.00 pence

 15:06 UK

 3,788

54.00 pence

 15:06 UK

 6,212

54.00 pence

 15:06 UK

 4,184

54.00 pence

 15:07 UK

 6,212

54.00 pence

 15:07 UK

 2,991

54.00 pence

 15:07 UK

 3,081

54.00 pence

 15:07 UK

 3,221

54.00 pence

 15:07 UK

 2,297

54.00 pence

 15:12 UK

 803

54.00 pence

 15:12 UK

 6,000

54.00 pence

 15:12 UK

 1,644

53.60 pence

 15:58 UK

 882

53.60 pence

 15:58 UK

 2,792

53.60 pence

 15:59 UK

 913

53.60 pence

 16:03 UK

 2,736

53.60 pence

 16:17 UK

 7,538

53.60 pence

 16:21 UK

 3,495

53.60 pence

 16:21 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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