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RNS Number : 3005Z Vertu Motors PLC 24 January 2022
24 January 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 21 January 2022, it purchased
275,707 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 21 January 2022
Number of ordinary shares purchased 275,707
Highest price paid per ordinary share 66.00 pence
Lowest price paid per ordinary share 64.00 pence
Volume weighted average price paid per ordinary share 64.9612 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 361,716,911 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: 21 January 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
275,707 64.9612 London Stock Exchange
Individual Transactions:
5,000 66.00 pence 08:19 UK
2,302 66.00 pence 08:19 UK
17,698 66.00 pence 08:39 UK
5,000 65.80 pence 08:39 UK
226 65.80 pence 08:39 UK
3,068 65.80 pence 08:39 UK
6,016 65.80 pence 08:39 UK
5,024 65.80 pence 08:39 UK
1,400 65.80 pence 08:42 UK
4,200 65.80 pence 08:46 UK
66 65.80 pence 08:48 UK
3,800 65.60 pence 09:22 UK
700 65.60 pence 09:22 UK
734 65.60 pence 09:22 UK
3,766 65.60 pence 09:29 UK
16,234 65.60 pence 09:29 UK
473 65.60 pence 09:29 UK
2,258 65.60 pence 09:57 UK
1,371 65.60 pence 09:57 UK
1,371 65.60 pence 09:57 UK
4,579 65.60 pence 09:57 UK
1,921 65.60 pence 09:57 UK
3,500 65.60 pence 09:58 UK
5,000 65.60 pence 09:58 UK
1,530 65.60 pence 09:58 UK
1,970 65.60 pence 09:58 UK
793 65.60 pence 10:23 UK
6,243 65.00 pence 11:06 UK
5,922 65.00 pence 11:06 UK
321 65.00 pence 11:12 UK
3,576 65.00 pence 11:12 UK
6,243 65.00 pence 11:12 UK
6,243 65.00 pence 11:12 UK
6,243 65.00 pence 11:12 UK
6,243 65.00 pence 11:12 UK
8,966 65.00 pence 11:12 UK
20,000 65.00 pence 11:30 UK
1,290 64.40 pence 12:26 UK
4,039 64.40 pence 12:26 UK
3,913 64.40 pence 12:26 UK
1,416 64.40 pence 12:26 UK
310 64.40 pence 12:26 UK
1,004 64.40 pence 12:26 UK
344 64.40 pence 12:26 UK
1,416 64.40 pence 12:26 UK
2,565 64.40 pence 12:26 UK
2,764 64.40 pence 12:26 UK
4,320 64.40 pence 12:26 UK
776 64.40 pence 12:26 UK
233 64.40 pence 12:26 UK
1,392 64.40 pence 12:54 UK
773 64.40 pence 12:54 UK
1,315 64.40 pence 12:57 UK
787 64.40 pence 13:00 UK
1,062 64.40 pence 13:00 UK
147 64.40 pence 13:01 UK
720 64.40 pence 13:02 UK
1,271 64.40 pence 13:02 UK
3,191 64.40 pence 13:02 UK
1,991 64.40 pence 13:02 UK
776 64.40 pence 13:02 UK
4,370 64.40 pence 13:02 UK
183 64.40 pence 13:02 UK
5,329 64.40 pence 14:14 UK
2,303 64.40 pence 14:14 UK
6,500 64.00 pence 14:15 UK
3,457 64.00 pence 14:15 UK
1,758 64.00 pence 14:15 UK
4,742 64.00 pence 14:15 UK
8,138 64.00 pence 14:15 UK
1,285 64.00 pence 14:15 UK
5,215 64.00 pence 14:15 UK
4,739 64.00 pence 14:15 UK
2,707 64.00 pence 14:15 UK
3,793 64.00 pence 14:15 UK
1,448 64.00 pence 14:15 UK
6,500 64.00 pence 14:16 UK
5,425 64.00 pence 14:16 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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