REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

07/02/2022 07:00

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RNS Number : 8008A  Vertu Motors PLC  07 February 2022

07 February 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 04 February 2022, it purchased
347,471 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                                       04 February 2022
 Number of ordinary shares purchased                    347,471
 Highest price paid per ordinary share                  68.00 pence
 Lowest price paid per ordinary share                   66.60 pence
 Volume weighted average price paid per ordinary share  67.5683 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 360,298,423 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:                  04 February 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    67.5683p                               London Stock Exchange

 347,471

 

 

 Individual Transactions:

 3,666     68.00 pence   08:58 UK
  1,571    68.00 pence   08:58 UK
  19,763   68.00 pence   08:58 UK
  1,163    68.00 pence   08:58 UK
  2,000    68.00 pence   08:58 UK
  2,001    68.00 pence   08:58 UK
  1,227    68.00 pence   08:58 UK
  1,314    68.00 pence   08:58 UK
  1,622    68.00 pence   08:58 UK
  14,844   68.00 pence   08:58 UK
  829      68.00 pence   08:58 UK
  420      68.00 pence   08:58 UK
  3,360    68.00 pence   08:58 UK
  872      68.00 pence   08:59 UK
  4,200    68.00 pence   08:59 UK
  3,666    68.00 pence   09:03 UK
  12,482   68.00 pence   09:03 UK
  2,617    68.00 pence   09:03 UK
  2,659    68.00 pence   09:03 UK
  1,029    68.00 pence   09:03 UK
  4,355    68.00 pence   09:03 UK
  9,543    68.00 pence   09:03 UK
  4,797    68.00 pence   09:03 UK
  5,000    68.00 pence   09:04 UK
  5,061    68.00 pence   09:04 UK
  2,850    68.00 pence   09:04 UK
  3,557    68.00 pence   09:04 UK
  2,443    68.00 pence   09:04 UK
  3,666    68.00 pence   10:15 UK
  261      68.00 pence   10:20 UK
  24,633   68.00 pence   10:20 UK
  50,000   68.00 pence   10:24 UK
  3,699    67.40 pence   10:45 UK
  573      67.40 pence   10:59 UK
  3,699    67.40 pence   11:05 UK
  25,190   67.40 pence   11:05 UK
  870      67.40 pence   11:05 UK
  3,952    67.40 pence   11:05 UK
  12,017   67.40 pence   11:05 UK
  1,787    67.00 pence   11:09 UK
  25,531   67.00 pence   11:21 UK
  3,952    67.00 pence   11:21 UK
  16,528   67.00 pence   11:21 UK
  622      67.00 pence   11:21 UK
  1,580    67.00 pence   11:21 UK
  1,656    66.60 pence   12:00 UK
  280      66.60 pence   12:03 UK
  3,743    66.60 pence   12:04 UK
  1,868    66.60 pence   12:04 UK
  1,868    66.60 pence   12:05 UK
  26,768   66.60 pence   12:05 UK
  1,787    66.60 pence   12:05 UK
  3,880    66.60 pence   12:05 UK
  8,150    66.60 pence   12:05 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

 

 

 

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