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REG - Vertu Motors PLC - Transaction in Own Shares

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RNS Number : 1582Z  Vertu Motors PLC  21 January 2022

21 January 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 January 2022, it purchased
265,711 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 January 2022
 Number of ordinary shares purchased                    265,711
 Highest price paid per ordinary share                  68.00 pence
 Lowest price paid per ordinary share                   65.80 pence
 Volume weighted average price paid per ordinary share  67.4581 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 361,992,618 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 January 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
 265,711            67.4581                                London Stock Exchange

 

 

 Individual Transactions:

 1,322     67.00 pence   09:20 UK
  8,658    67.00 pence   09:20 UK
  9,600    67.00 pence   09:20 UK
  300      67.00 pence   09:20 UK
  4,415    67.00 pence   09:23 UK
  4,590    67.00 pence   09:23 UK
  4,621    67.00 pence   09:23 UK
  13,354   67.00 pence   09:40 UK
  4,807    67.00 pence   09:40 UK
  5,173    67.00 pence   09:40 UK
  8,871    67.00 pence   09:41 UK
  3,549    65.80 pence   10:08 UK
  5,000    66.00 pence   10:22 UK
  4,000    66.00 pence   10:24 UK
  960      67.40 pence   13:41 UK
  9,800    67.40 pence   14:28 UK
  3,726    67.40 pence   14:28 UK
  1,470    67.40 pence   14:28 UK
  13,016   67.40 pence   14:28 UK
  786      67.40 pence   14:28 UK
  1,568    67.40 pence   14:28 UK
  1,084    67.40 pence   14:28 UK
  741      67.40 pence   14:29 UK
  741      67.40 pence   14:29 UK
  10,307   67.40 pence   14:29 UK
  28,766   67.40 pence   14:33 UK
  14,486   67.40 pence   14:33 UK
  36,344   68.00 pence   15:44 UK
  29,940   68.00 pence   15:44 UK
  10,165   68.00 pence   15:44 UK
  17,186   68.00 pence   15:44 UK
  1,662    68.00 pence   15:44 UK
  809      68.00 pence   15:44 UK
  1,044    68.00 pence   15:44 UK
  403      68.00 pence   15:44 UK
  2,447    68.00 pence   15:44 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

Jamie 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 159 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 155 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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