REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

21/12/2021 07:00

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RNS Number : 2720W  Vertu Motors PLC  21 December 2021

21 December 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 December 2021, it purchased
280,120 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 05 November 2021 as follows:

 

 Date of purchase                                       20 December 2021
 Number of ordinary shares purchased                    280,120
 Highest price paid per ordinary share                  66.00 pence
 Lowest price paid per ordinary share                   65.00 pence
 Volume weighted average price paid per ordinary share  65.6724 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 362,556,776 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:                  20 December 2021

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
 280,120            65.6724                                London Stock Exchange

 

 

 

 Individual

Transactions:
  1,618          65.00 pence   08:00 UK
  736            65.00 pence   08:00 UK
  582            65.00 pence   08:00 UK
  383            65.00 pence   08:01 UK
  3,618          65.00 pence   08:01 UK
  1,923          65.00 pence   08:01 UK
  1,098          65.00 pence   08:01 UK
  1,963          65.00 pence   08:01 UK
  1,001          65.00 pence   08:01 UK
  952            65.00 pence   08:01 UK
  1,000          65.00 pence   08:01 UK
  4,001          65.00 pence   08:01 UK
  698            65.00 pence   08:12 UK
  2,239          65.00 pence   09:10 UK
  349            65.00 pence   09:13 UK
  1,050          65.00 pence   09:14 UK
  849            65.00 pence   09:14 UK
  4,688          65.00 pence   09:14 UK
  713            65.00 pence   09:15 UK
  647            65.00 pence   09:17 UK
  1,755          65.00 pence   09:17 UK
  1,859          65.00 pence   09:17 UK
  1,964          65.00 pence   09:17 UK
  1,963          65.00 pence   09:17 UK
  548            65.00 pence   09:20 UK
  205            65.00 pence   09:23 UK
  686            65.00 pence   09:24 UK
  3,535          65.00 pence   09:24 UK
  3,202          65.80 pence   11:30 UK
  23,167         66.00 pence   15:19 UK
  4,291          66.00 pence   15:19 UK
  14,209         66.00 pence   15:19 UK
  333            66.00 pence   15:19 UK
  4,667          66.00 pence   15:19 UK
  11,761         66.00 pence   15:19 UK
  6,047          66.00 pence   15:19 UK
  67             66.00 pence   15:19 UK
  5,359          66.00 pence   15:19 UK
  43,136         66.00 pence   15:23 UK
  4,411          65.60 pence   15:45 UK
  4,485          65.60 pence   16:12 UK
  30,148         65.60 pence   16:14 UK
  12,362         65.60 pence   16:14 UK
  11,963         65.60 pence   16:14 UK
  13,486         65.60 pence   16:14 UK
  4,369          65.60 pence   16:14 UK
  13,690         65.60 pence   16:14 UK
  6,400          65.60 pence   16:14 UK
  8,208          65.60 pence   16:14 UK
  6,951          65.60 pence   16:14 UK
  295            65.60 pence   16:14 UK
  315            65.60 pence   16:14 UK
  4,175          65.60 pence   16:14 UK

For further information please contact:

 

 Vertu Motors plc        Tel: 0191 491 2111

Robert Forrester, CEO
Tel: 0191 491 2112

Karen Anderson, CFO
                         Tel: 020 3829 5000

 Zeus Capital Limited

amie Peel

 Andrew Jones

 Dominic King
                         Tel: 020 3757 4983

 Camarco

 Billy Clegg

 Tom Huddart

 

 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network
of 156 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 152 franchised sales outlets and 4
non-franchised sales operations from 120 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
(http://investors.vertumotors.com) / www.vertucareers.com
(http://www.vertucareers.com)

 

Vertu brand websites - www.vertumotors.com (http://www.vertumotors.com) /
www.bristolstreet.co.uk (http://www.bristolstreet.co.uk) /
www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
www.vertumotorcycles.com (http://www.vertumotorcycles.com)

 

 

 

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