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Vertu Motors PLC (VTU)

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Tuesday 21 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 5375P
Vertu Motors PLC
21 June 2022
 

21 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 June 2022 , it purchased 128,111 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

20 June 2022

Number of ordinary shares purchased

128,111

Highest price paid per ordinary share

52.50 pence

Lowest price paid per ordinary share

51.80 pence

Volume weighted average price paid per ordinary share

52.2714 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 351,564,208 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: 

20 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

128,111

52.2714


London Stock Exchange

 

 

Individual Transactions:


1,590

52.00 pence

 10:40 UK

 1,477

52.00 pence

 10:40 UK

 1,232

52.00 pence

 10:40 UK

 5,713

52.00 pence

 11:59 UK

 13,469

52.00 pence

 11:59 UK

 594

52.00 pence

 11:59 UK

 925

52.00 pence

 11:59 UK

 2,300

51.80 pence

 12:14 UK

 3,084

51.80 pence

 12:44 UK

 2,400

51.80 pence

 13:15 UK

 2,668

51.80 pence

 13:54 UK

 2,142

51.80 pence

 13:54 UK

 2,700

52.00 pence

 14:22 UK

 7,500

52.50 pence

 16:14 UK

 827

52.50 pence

 16:14 UK

 521

52.50 pence

 16:14 UK

 3,966

52.50 pence

 16:14 UK

 424

52.50 pence

 16:14 UK

 115

52.50 pence

 16:14 UK

 434

52.50 pence

 16:14 UK

 4,343

52.50 pence

 16:14 UK

 884

52.50 pence

 16:14 UK

 8,848

52.50 pence

 16:14 UK

 4,213

52.50 pence

 16:14 UK

 463

52.50 pence

 16:14 UK

 4,635

52.50 pence

 16:14 UK

 884

52.50 pence

 16:14 UK

 8,848

52.50 pence

 16:14 UK

 8,848

52.50 pence

 16:14 UK

 3,764

52.50 pence

 16:14 UK

 2,000

52.40 pence

 16:14 UK

 7,706

52.40 pence

 16:14 UK

 76

52.00 pence

 16:18 UK

 3,044

52.00 pence

 16:18 UK

 6,364

52.00 pence

 16:18 UK

 152

52.40 pence

 16:35 UK

 113

52.40 pence

 16:35 UK

 1

52.40 pence

 16:35 UK

 3,132

52.40 pence

 16:35 UK

 76

52.40 pence

 16:35 UK

 57

52.40 pence

 16:35 UK

 1,290

52.40 pence

 16:35 UK

 178

52.40 pence

 16:35 UK

 1,259

52.40 pence

 16:35 UK

 678

52.40 pence

 16:35 UK

 231

52.40 pence

 16:35 UK

 409

52.40 pence

 16:35 UK

 237

52.40 pence

 16:35 UK

 164

52.40 pence

 16:35 UK

 7

52.40 pence

 16:35 UK

 284

52.40 pence

 16:35 UK

 842

52.40 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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