REG - Vertu Motors PLC - Transaction in Own Shares
RNS Number : 4669KVertu Motors PLC02 September 202102 September 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 01 September 2021, it purchased 200,175 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
01 September 2021
Number of ordinary shares purchased
200,175
Highest price paid per ordinary share
55.20 pence
Lowest price paid per ordinary share
54.60 pence
Volume weighted average price paid per ordinary share
55.0255 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 368,392,833 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:
01 September 2021
Aggregate information:
Aggregated Volume
Volume-weighted average price (pence)
Venue
200,175
55.0255
London Stock Exchange
Individual transactions:
3,081
55.00 pence
11:37 UK
6,149
55.00 pence
11:37 UK
1,919
55.00 pence
11:37 UK
2
55.00 pence
11:37 UK
4,000
55.00 pence
11:37 UK
998
55.00 pence
11:37 UK
545
55.00 pence
11:38 UK
2,000
55.00 pence
11:38 UK
5,781
55.00 pence
11:38 UK
2,455
55.00 pence
11:38 UK
9
55.00 pence
11:38 UK
5
55.00 pence
11:38 UK
1,664
55.00 pence
11:38 UK
1,669
55.00 pence
11:38 UK
3,322
55.00 pence
11:38 UK
2
55.00 pence
11:38 UK
4,669
55.00 pence
11:40 UK
9,316
55.00 pence
11:40 UK
329
55.00 pence
11:40 UK
19
55.00 pence
11:40 UK
5,029
55.00 pence
11:40 UK
4,981
55.00 pence
11:40 UK
9,984
55.00 pence
11:40 UK
5,000
55.00 pence
11:40 UK
4
55.00 pence
11:40 UK
4,357
55.00 pence
11:41 UK
1,027
55.00 pence
11:41 UK
639
55.00 pence
11:41 UK
5,000
55.00 pence
11:43 UK
5,000
55.00 pence
11:45 UK
5,000
55.00 pence
11:48 UK
1,045
55.00 pence
11:48 UK
5,000
55.00 pence
11:48 UK
6,000
54.60 pence
13:30 UK
3,723
54.60 pence
13:39 UK
5,465
55.20 pence
14:46 UK
19,535
55.20 pence
14:46 UK
20,000
55.20 pence
14:56 UK
5,175
55.00 pence
15:04 UK
353
55.00 pence
15:30 UK
4,924
55.00 pence
15:30 UK
10,000
55.00 pence
15:44 UK
10,000
55.00 pence
16:03 UK
1,607
55.00 pence
16:15 UK
5,489
55.00 pence
16:17 UK
7,904
55.00 pence
16:17 UK
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFOTel: 0191 491 2111
Tel: 0191 491 2112
Zeus Capital Limited
Jamie PeelAndrew 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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