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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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