REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

25/10/2021 07:05

RNS Number : 0271Q
  
Vertu Motors PLC
  
25 October 2021
  
 

25 October 2021
Vertu Motors plc
 
("Vertu Motors" or the "Company")
 
Transaction in Own Shares
 
 
Vertu Motors plc (AIM: VTU) announces that on 22 October 2021, it purchased 66,637 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


22 October 2021




Number of ordinary shares purchased


66,637




Highest price paid per ordinary share


61.40 pence




Lowest price paid per ordinary share


61.00 pence




Volume weighted average price paid per ordinary share


61.1501 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 366,267,310 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:        


22 October 2021













 
Aggregate information:
 

















Aggregated Volume


Volume-weighted average price (pence)


Venue




66,637


61.1501


London Stock Exchange



 
 



Individual Transactions:







 









245 


61.00 pence


 08:27 UK 




 5,606 


61.00 pence


 09:04 UK 




 6,194 


61.00 pence


 09:04 UK 




 1,389 


61.00 pence


 09:04 UK 




 6,194 


61.00 pence


 09:04 UK 




 4,462 


61.00 pence


 09:04 UK 




 2,216 


61.00 pence


 09:30 UK 




 262 


61.00 pence


 10:01 UK 




 4,159 


61.00 pence


 10:01 UK 




 738 


61.40 pence


 14:53 UK 




 1,229 


61.40 pence


 14:54 UK 




 1,225 


61.40 pence


 14:55 UK 




 1,306 


61.40 pence


 15:00 UK 




 1,420 


61.40 pence


 15:05 UK 




 2,134 


61.40 pence


 15:09 UK 




 1,422 


61.40 pence


 15:10 UK 




 1,466 


61.40 pence


 15:15 UK 




 1,103 


61.40 pence


 15:17 UK 




 1,290 


61.40 pence


 15:20 UK 




 1,421 


61.40 pence


 15:33 UK 




 1,359 


61.40 pence


 15:34 UK 




 1,419 


61.40 pence


 15:35 UK 




 1,140 


61.40 pence


 15:37 UK 




 1,408 


61.40 pence


 15:39 UK 




 1,269 


61.40 pence


 15:40 UK 




 1,265 


61.40 pence


 15:41 UK 




 1,544 


61.40 pence


 15:42 UK 




 842 


61.40 pence


 15:43 UK 




 865 


61.00 pence


 15:45 UK 




 1,459 


61.00 pence


 15:45 UK 




 1,388 


61.00 pence


 15:46 UK 




 1,271 


61.00 pence


 15:46 UK 




 472 


61.00 pence


 15:47 UK 




 639 


61.00 pence


 15:50 UK 




 1,496 


61.00 pence


 15:50 UK 




 1,557 


61.00 pence


 15:51 UK 




 1,581 


61.00 pence


 15:51 UK 




 182 


61.00 pence


 15:52 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 154 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 150 franchised sales outlets and 4 non-franchised sales operations from 118 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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