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RNS Number : 7129H Vertu Motors PLC 08 April 2022
08 April 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 07 April 2022, it purchased
201,999 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 02 March 2022 as follows:
Date of purchase 07 April 2022
Number of ordinary shares purchased 201,999
Highest price paid per ordinary share 61.40 pence
Lowest price paid per ordinary share 58.40 pence
Volume weighted average price paid per ordinary share 59.8564 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 357,826,916 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: 07 April 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
59.8564 London Stock Exchange
201,999
Individual transactions:-
1,071 61.40 pence 08:11 UK
2,143 61.40 pence 08:11 UK
286 61.40 pence 08:12 UK
6,428 61.40 pence 08:13 UK
2,071 61.40 pence 08:14 UK
12,500 61.00 pence 08:20 UK
687 61.00 pence 08:20 UK
11,813 61.00 pence 08:20 UK
9 60.60 pence 08:20 UK
3,000 60.60 pence 08:20 UK
4,835 60.60 pence 08:20 UK
3,000 60.60 pence 08:20 UK
3,358 60.60 pence 08:20 UK
1,071 60.60 pence 08:25 UK
3,415 60.60 pence 08:25 UK
1,071 60.60 pence 08:25 UK
4,486 60.60 pence 08:25 UK
755 60.60 pence 08:25 UK
7,048 60.20 pence 08:34 UK
281 60.20 pence 08:44 UK
343 60.20 pence 08:46 UK
666 60.20 pence 08:49 UK
7,996 60.20 pence 08:49 UK
196 60.20 pence 08:58 UK
68 60.20 pence 09:00 UK
3,534 60.20 pence 09:04 UK
3,215 60.20 pence 09:10 UK
1,325 60.20 pence 09:10 UK
140 60.20 pence 09:10 UK
188 60.20 pence 09:10 UK
3,500 59.90 pence 09:10 UK
2,084 59.90 pence 09:11 UK
6,049 59.90 pence 09:11 UK
143 59.90 pence 09:11 UK
2,654 59.90 pence 09:11 UK
585 59.90 pence 09:11 UK
2,000 59.90 pence 09:11 UK
6,251 59.90 pence 09:11 UK
1,734 59.90 pence 09:11 UK
8,813 59.50 pence 09:30 UK
1,900 59.50 pence 09:30 UK
8,813 59.50 pence 09:30 UK
5,474 59.50 pence 09:30 UK
150 59.10 pence 09:30 UK
11,882 59.10 pence 09:45 UK
12,968 59.00 pence 14:57 UK
5,593 58.80 pence 15:47 UK
1,021 58.80 pence 15:47 UK
4,572 58.80 pence 15:47 UK
1,021 58.80 pence 15:47 UK
4,572 58.80 pence 15:47 UK
90 58.80 pence 15:48 UK
931 58.80 pence 15:54 UK
2,200 58.80 pence 16:06 UK
18,515 58.60 pence 16:25 UK
1,459 58.60 pence 16:25 UK
26 58.40 pence 16:18 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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