REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

27/10/2021 07:00

RNS Number : 3530Q
  
Vertu Motors PLC
  
27 October 2021
  
 

27 October 2021
Vertu Motors plc
 
("Vertu Motors" or the "Company")
 
Transaction in Own Shares
 
 
Vertu Motors plc (AIM: VTU) announces that on 26 October 2021, it purchased 438,908 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


26 October 2021




Number of ordinary shares purchased


438,908




Highest price paid per ordinary share


61.60 pence




Lowest price paid per ordinary share


61.20 pence




Volume weighted average price paid per ordinary share


61.2810 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 365,394,940 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:        


26 October 2021













 
Aggregate information:
 

















Aggregated Volume


Volume-weighted average price (pence)


Venue




438,908


61.281


London Stock Exchange



 
 



Individual Transactions:







 


















 




15,000 


61.60 pence


 11:43 UK 




 7,377 


61.60 pence


 11:43 UK 




 7,623 


61.60 pence


 12:26 UK 




 4,877 


61.60 pence


 12:26 UK 




 15,000 


61.60 pence


 12:26 UK 




 4,046 


61.60 pence


 13:36 UK 




 5,331 


61.60 pence


 13:40 UK 




 5,161 


61.60 pence


 13:43 UK 




 462 


61.60 pence


 13:43 UK 




 149 


61.60 pence


 13:43 UK 




 9,974 


61.60 pence


 13:43 UK 




 462 


61.60 pence


 13:43 UK 




 4,415 


61.60 pence


 14:17 UK 




 9,031 


61.60 pence


 14:17 UK 




 15,700 


61.20 pence


 14:19 UK 




 5,743 


61.20 pence


 14:36 UK 




 9,957 


61.20 pence


 14:36 UK 




 15,700 


61.20 pence


 14:36 UK 




 14,445 


61.20 pence


 14:36 UK 




 1,255 


61.20 pence


 14:36 UK 




 234 


61.20 pence


 14:36 UK 




 13,675 


61.20 pence


 14:45 UK 




 1,791 


61.20 pence


 14:45 UK 




 5,451 


61.20 pence


 14:53 UK 




 10,249 


61.20 pence


 15:27 UK 




 15,700 


61.20 pence


 15:27 UK 




 15,000 


61.20 pence


 15:34 UK 




 700 


61.20 pence


 15:34 UK 




 15,700 


61.20 pence


 15:36 UK 




 27,800 


61.20 pence


 15:36 UK 




 8,700 


61.20 pence


 15:37 UK 




 27,800 


61.20 pence


 15:37 UK 




 27,800 


61.20 pence


 15:37 UK 




 27,800 


61.20 pence


 15:37 UK 




 27,800 


61.20 pence


 15:37 UK 




 20,500 


61.20 pence


 15:40 UK 




 2,307 


61.20 pence


 15:52 UK 




 4,993 


61.20 pence


 15:55 UK 




 562 


61.20 pence


 15:55 UK 




 1,651 


61.20 pence


 15:55 UK 




 2,415 


61.20 pence


 16:03 UK 




 23,172 


61.20 pence


 16:06 UK 




 5,400 


61.20 pence


 16:06 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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