REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

01/09/2021 07:05

RNS Number : 3032K
  
Vertu Motors PLC
  
01 September 2021
  
 

01 September 2021
Vertu Motors plc
 
("Vertu Motors" or the "Company")
 
Transaction in Own Shares
 
 
Vertu Motors plc (AIM: VTU) announces that on 31 August 2021, it purchased 197,674 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 20 August 2021 as follows:
 








Date of purchase


31 August 2021




Number of ordinary shares purchased


197,674




Highest price paid per ordinary share


54.00 pence




Lowest price paid per ordinary share


52.00 pence




Volume weighted average price paid per ordinary share


53.2463 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 368,593,008 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:        


31 August 2021




 


 




 
Aggregate information:
 




 


 


 




Aggregated Volume


Volume-weighted average price (pence)


Venue




197,674


53.2463


London Stock Exchange




 
Individual transactions:



 




6,500 


52.00 pence


 09:41 UK 




 1,384 


52.00 pence


 09:50 UK 




 4,781 


52.00 pence


 10:04 UK 




 335 


52.00 pence


 10:09 UK 




 1,384 


52.00 pence


 10:15 UK 




 1,466 


52.00 pence


 10:17 UK 




 29,113 


52.00 pence


 10:18 UK 




 3,650 


52.00 pence


 10:18 UK 




 1,527 


52.00 pence


 10:41 UK 




 13,803 


53.00 pence


 11:24 UK 




 1,488 


53.00 pence


 11:24 UK 




 17 


53.00 pence


 11:24 UK 




 1,088 


53.00 pence


 11:24 UK 




 4,008 


53.00 pence


 11:24 UK 




 359 


53.00 pence


 11:24 UK 




 1,139 


53.00 pence


 11:24 UK 




 756 


53.00 pence


 11:24 UK 




 102 


53.00 pence


 11:24 UK 




 980 


53.00 pence


 11:24 UK 




 280 


53.00 pence


 11:24 UK 




 980 


53.00 pence


 11:24 UK 




 2,534 


53.00 pence


 13:51 UK 




 1,426 


52.40 pence


 14:01 UK 




 1,622 


54.00 pence


 14:35 UK 




 1,437 


54.00 pence


 14:35 UK 




 2,990 


54.00 pence


 14:35 UK 




 2,525 


54.00 pence


 14:35 UK 




 1,448 


53.00 pence


 15:09 UK 




 1,960 


53.00 pence


 15:09 UK 




 1,389 


53.00 pence


 15:10 UK 




 628 


53.00 pence


 15:12 UK 




 432 


53.00 pence


 15:12 UK 




 4,143 


53.00 pence


 15:12 UK 




 2,500 


53.00 pence


 15:13 UK 




 942 


53.00 pence


 15:14 UK 




 942 


53.00 pence


 15:14 UK 




 4,656 


53.70 pence


 15:50 UK 




 1,412 


53.70 pence


 15:51 UK 




 1,616 


53.40 pence


 16:04 UK 




 508 


53.40 pence


 16:04 UK 




 88 


53.40 pence


 16:04 UK 




 1,447 


53.40 pence


 16:06 UK 




 1,265 


54.00 pence


 16:13 UK 




 4,624 


54.00 pence


 16:13 UK 




 1,434 


54.00 pence


 16:16 UK 




 4 


54.00 pence


 16:16 UK 




 8,562 


54.00 pence


 16:16 UK 




 53 


54.00 pence


 16:16 UK 




 2,500 


53.80 pence


 16:29 UK 




 67,447 


54.00 pence


 16:38 UK 






 
 
For further information please contact:
 




Vertu Motors plc

Robert Forrester, CEO

Karen Anderson, CFO


Tel: 0191 491 2111

Tel: 0191 491 2112




 
Zeus Capital Limited

Jamie Peel
Andrew Jones
Dominic King


Tel: 020 3829 5000




 
Camarco
Billy Clegg 
Tom Huddart


Tel: 020 3757 4983




 
 
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK with a network of 155 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 151 franchised sales outlets and 4 non-franchised sales operations from 116 locations across the UK.
 
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".
 
Vertu Motors Group websites - www.vertucareers.com
 
Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk
 
 

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