REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

27/01/2022 07:00

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RNS Number : 7708Z  Vertu Motors PLC  27 January 2022

27 January 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 26 January 2022, it purchased
109,262 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                                       26 January 2022
 Number of ordinary shares purchased                    109,262
 Highest price paid per ordinary share                  65.00 pence
 Lowest price paid per ordinary share                   64.60 pence
 Volume weighted average price paid per ordinary share  64.8305 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 361,261,782 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:                  26 January 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
 109,262            63.8305                                London Stock Exchange

 

 

 Individual Transactions:

 2,930     65.00 pence   11:15 UK
  13,070   65.00 pence   11:15 UK
  3,485    65.00 pence   11:15 UK
  3,647    65.00 pence   11:15 UK
  1,913    65.00 pence   11:15 UK
  1,217    65.00 pence   11:15 UK
  193      65.00 pence   11:15 UK
  1,311    65.00 pence   11:16 UK
  3,812    65.00 pence   11:16 UK
  10,048   65.00 pence   11:16 UK
  13,860   65.00 pence   11:16 UK
  1,040    65.00 pence   11:16 UK
  1,134    65.00 pence   11:16 UK
  5,298    65.00 pence   11:16 UK
  4,554    64.60 pence   11:16 UK
  972      64.60 pence   11:16 UK
  785      64.60 pence   11:16 UK
  1,531    64.60 pence   11:16 UK
  2,027    64.60 pence   11:17 UK
  1,694    64.60 pence   11:19 UK
  7,772    64.60 pence   11:19 UK
  1,694    64.60 pence   11:19 UK
  16       64.60 pence   11:19 UK
  669      64.60 pence   11:19 UK
  936      64.60 pence   11:19 UK
  2,440    64.60 pence   11:30 UK
  2,688    64.60 pence   11:36 UK
  1,848    64.60 pence   11:38 UK
  1,540    64.60 pence   11:38 UK
  2,002    64.60 pence   11:40 UK
  2,000    64.60 pence   11:40 UK
  2,164    64.60 pence   11:42 UK
  3,032    64.60 pence   11:44 UK
  2,509    64.60 pence   11:44 UK
  3,431    64.60 pence   11:44 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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