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RNS Number : 4515Z Vertu Motors PLC 25 January 2022
25 January 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 24 January 2022, it purchased
284,946 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 24 January 2022
Number of ordinary shares purchased 284,946
Highest price paid per ordinary share 64.00 pence
Lowest price paid per ordinary share 61.00 pence
Volume weighted average price paid per ordinary share 63.07 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 361,431,965 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: 24 January 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
284,946 63.07 London Stock Exchange
Individual Transactions:
450 64.00 pence 08:16 UK
14,496 64.00 pence 08:32 UK
15,000 64.00 pence 08:58 UK
15,000 64.00 pence 08:58 UK
15,566 64.00 pence 08:58 UK
13,070 64.00 pence 08:58 UK
1,930 64.00 pence 08:58 UK
2,000 64.00 pence 08:58 UK
5,747 64.00 pence 08:58 UK
1,687 64.00 pence 08:58 UK
17,534 63.60 pence 09:25 UK
2,350 63.60 pence 09:25 UK
15,184 63.60 pence 09:45 UK
4,799 63.60 pence 09:45 UK
10,133 63.60 pence 09:45 UK
22,114 63.20 pence 09:47 UK
22,114 63.20 pence 09:47 UK
5,772 63.20 pence 09:47 UK
1,956 62.60 pence 10:18 UK
15,275 62.60 pence 10:18 UK
14,281 62.60 pence 10:18 UK
2,950 62.60 pence 10:18 UK
536 62.60 pence 10:18 UK
4,055 62.60 pence 10:18 UK
2,175 62.60 pence 10:25 UK
8,772 62.60 pence 10:25 UK
23,000 61.60 pence 10:28 UK
2,000 61.60 pence 10:28 UK
23,000 61.00 pence 10:55 UK
2,000 61.00 pence 10:56 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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