Information  X 
Enter a valid email address

Vertu Motors PLC (VTU)

  Print          Annual reports

Wednesday 22 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 7144P
Vertu Motors PLC
22 June 2022
 

22 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 21 June 2022 , it purchased 37,613 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

21 June 2022

Number of ordinary shares purchased

37,613

Highest price paid per ordinary share

53.00 pence

Lowest price paid per ordinary share

52.70 pence

Volume weighted average price paid per ordinary share

52.9737 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 351,526,595 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: 

21 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

37,613

52.9737


London Stock Exchange

 

 

Individual Transactions:

 3,300

52.70 pence

 08:54 UK

 

 3,550

53.00 pence

 09:16 UK

 

 2,893

53.00 pence

 09:16 UK

 

 2,391

53.00 pence

 09:16 UK

 

 6,443

53.00 pence

 09:16 UK

 

 5,493

53.00 pence

 09:16 UK

 

 941

53.00 pence

 09:16 UK

 

 2,400

53.00 pence

 09:16 UK

 

 941

53.00 pence

 09:16 UK

 

 542

53.00 pence

 09:16 UK

 

 1,819

53.00 pence

 15:54 UK

 

 800

53.00 pence

 15:54 UK

 

 1,107

53.00 pence

 15:54 UK

 

 28

53.00 pence

 15:54 UK

 

 522

53.00 pence

 15:59 UK

 

 458

53.00 pence

 15:59 UK

 

 1,470

53.00 pence

 15:59 UK

 

 2,513

53.00 pence

 16:03 UK

 

 2

53.00 pence

 16:03 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

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
POSUASARUWUNUUR

a d v e r t i s e m e n t