REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

09/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220209:nRSI0851Ba&default-theme=true

RNS Number : 0851B  Vertu Motors PLC  09 February 2022

09 February 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 08 February 2022, it purchased
349,906 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                                       08 February 2022
 Number of ordinary shares purchased                    349,906
 Highest price paid per ordinary share                  67.00 pence
 Lowest price paid per ordinary share                   65.20 pence
 Volume weighted average price paid per ordinary share  66.0574 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 359,701,272 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:                  08 February 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    66.0574                                London Stock Exchange

 349,906

 

 

 Individual Transactions:

 7,038     67.00 pence   09:59 UK
  7,632    67.00 pence   10:03 UK
  712      67.00 pence   10:03 UK
  6,467    67.00 pence   10:11 UK
  7,491    67.00 pence   10:11 UK
  14,670   67.00 pence   10:11 UK
  2,529    67.00 pence   10:11 UK
  12,141   67.00 pence   10:15 UK
  596      67.00 pence   10:15 UK
  1,257    67.00 pence   10:15 UK
  12,817   67.00 pence   10:15 UK
  1,257    67.00 pence   10:15 UK
  1,451    67.00 pence   10:15 UK
  3,607    67.00 pence   10:15 UK
  6,110    67.00 pence   10:15 UK
  3,489    67.00 pence   10:15 UK
  13       67.00 pence   10:15 UK
  10,723   67.00 pence   10:16 UK
  10,000   66.00 pence   11:51 UK
  10,000   66.00 pence   13:10 UK
  9,096    66.00 pence   14:13 UK
  904      66.00 pence   14:13 UK
  10,619   66.00 pence   14:13 UK
  10,000   66.00 pence   14:15 UK
  20,419   66.00 pence   14:15 UK
  4,133    66.00 pence   14:15 UK
  5,867    66.00 pence   14:15 UK
  4,133    66.00 pence   14:15 UK
  400      66.00 pence   14:15 UK
  1,549    66.00 pence   14:15 UK
  6,160    66.00 pence   14:15 UK
  1,673    66.00 pence   14:15 UK
  218      66.00 pence   14:15 UK
  4,829    66.00 pence   14:16 UK
  3,998    65.60 pence   15:00 UK
  1,205    65.60 pence   15:00 UK
  7,357    65.60 pence   15:00 UK
  1,205    65.60 pence   15:00 UK
  8,562    65.60 pence   15:00 UK
  2,793    65.60 pence   15:00 UK
  1,205    65.60 pence   15:00 UK
  10,126   65.60 pence   15:00 UK
  2,434    65.60 pence   15:00 UK
  2,314    65.60 pence   15:00 UK
  6,466    65.60 pence   15:00 UK
  795      65.60 pence   15:00 UK
  4,144    65.60 pence   15:00 UK
  1,054    65.60 pence   15:00 UK
  101      65.60 pence   15:00 UK
  20,043   65.60 pence   15:00 UK
  3,854    65.60 pence   15:00 UK
  8,706    65.60 pence   15:01 UK
  138      65.60 pence   15:01 UK
  905      65.60 pence   15:01 UK
  11,517   65.60 pence   15:02 UK
  1,078    65.60 pence   15:02 UK
  9,966    65.20 pence   15:35 UK
  7,145    65.20 pence   15:37 UK
  12,991   65.20 pence   15:37 UK
  4,120    65.20 pence   15:37 UK
  13,457   65.20 pence   15:37 UK
  174      65.20 pence   15:37 UK
  2,053    65.20 pence   16:10 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)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSUWRRRUOUURUR