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Vertu Motors PLC (VTU)

  Print          Annual reports

Wednesday 29 June, 2022

Vertu Motors PLC

Transaction in Own Shares

RNS Number : 6014Q
Vertu Motors PLC
29 June 2022
 

29 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 28 June 2022 , it purchased 190,240 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

28 June 2022

Number of ordinary shares purchased

190,240

Highest price paid per ordinary share

57.00 pence

Lowest price paid per ordinary share

56.50 pence

Volume weighted average price paid per ordinary share

56.9235 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 351,154,453 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: 

28 June 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue


 

190,240

56.9235


London Stock Exchange

 

 

Individual Transactions:

937

56.90 pence

 08:48 UK

 1,388

56.90 pence

 08:48 UK

 1,469

56.90 pence

 08:48 UK

 4,640

56.90 pence

 08:48 UK

 5,018

56.90 pence

 08:48 UK

 5,356

56.90 pence

 08:48 UK

 3,031

56.90 pence

 08:48 UK

 3,456

56.90 pence

 08:48 UK

 1,310

56.90 pence

 08:48 UK

 3,036

56.90 pence

 08:48 UK

 1,525

56.90 pence

 09:52 UK

 365

57.00 pence

 11:10 UK

 9,457

57.00 pence

 11:11 UK

 1,105

57.00 pence

 11:12 UK

 8,717

57.00 pence

 11:22 UK

 9,822

57.00 pence

 11:23 UK

 2,500

57.00 pence

 11:23 UK

 1,632

57.00 pence

 11:25 UK

 7,322

57.00 pence

 11:25 UK

 798

57.00 pence

 11:25 UK

 2,023

57.00 pence

 11:25 UK

 6,259

57.00 pence

 11:25 UK

 199

56.90 pence

 11:30 UK

 2,941

56.90 pence

 11:30 UK

 5,934

56.90 pence

 11:30 UK

 4,066

56.50 pence

 11:30 UK

 4,747

56.50 pence

 11:30 UK

 4,563

56.50 pence

 11:31 UK

 432

56.50 pence

 11:31 UK

 4,700

57.00 pence

 14:29 UK

 135

57.00 pence

 14:30 UK

 4,244

57.00 pence

 14:30 UK

 8,944

57.00 pence

 14:30 UK

 4,375

57.00 pence

 15:49 UK

 4,569

57.00 pence

 15:49 UK

 4,924

57.00 pence

 15:49 UK

 4,924

57.00 pence

 15:49 UK

 4,020

57.00 pence

 15:49 UK

 8,944

57.00 pence

 15:49 UK

 138

57.00 pence

 15:49 UK

 83

57.00 pence

 15:49 UK

 1,120

56.90 pence

 16:13 UK

 3,710

56.90 pence

 16:13 UK

 6,800

56.90 pence

 16:18 UK

 2,013

56.90 pence

 16:18 UK

 3,419

56.90 pence

 16:18 UK

 5,394

56.90 pence

 16:18 UK

 8,813

56.90 pence

 16:18 UK

 635

56.90 pence

 16:18 UK

 1,275

56.90 pence

 16:18 UK

 3,013

56.90 pence

 16:19 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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