REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

19/05/2022 07:00

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RNS Number : 0266M  Vertu Motors PLC  19 May 2022

19 May 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 18 May 2022, it purchased
148,179 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                                       18 May 2022
 Number of ordinary shares purchased                    148,179
 Highest price paid per ordinary share                  54.80 pence
 Lowest price paid per ordinary share                   54.60 pence
 Volume weighted average price paid per ordinary share  54.7899 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 356,510,631 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:                  18 May 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    54.7899                                London Stock Exchange

 148,179

 

 

 Individual Transactions:

 6,500    54.80 pence   12:12 UK
  1,647   54.80 pence   12:16 UK
  252     54.80 pence   12:40 UK
  1,785   54.80 pence   12:40 UK
  2,816   54.80 pence   12:40 UK
  1,647   54.80 pence   12:40 UK
  1,451   54.80 pence   12:50 UK
  3,402   54.80 pence   12:50 UK
  1,451   54.80 pence   12:50 UK
  1,000   54.80 pence   12:50 UK
  5,500   54.80 pence   12:50 UK
  419     54.80 pence   13:00 UK
  1,386   54.80 pence   13:06 UK
  336     54.80 pence   14:00 UK
  2,200   54.80 pence   14:11 UK
  375     54.80 pence   14:18 UK
  1,000   54.80 pence   14:18 UK
  784     54.80 pence   14:24 UK
  7,770   54.80 pence   14:24 UK
  927     54.80 pence   14:24 UK
  927     54.80 pence   14:24 UK
  4,646   54.80 pence   14:24 UK
  1,779   54.80 pence   14:24 UK
  2,203   54.80 pence   16:21 UK
  5,297   54.80 pence   16:21 UK
  2,203   54.80 pence   16:21 UK
  597     54.80 pence   16:21 UK
  1,420   54.80 pence   16:21 UK
  5,297   54.80 pence   16:21 UK
  186     54.80 pence   16:21 UK
  7,314   54.80 pence   16:21 UK
  103     54.80 pence   16:21 UK
  933     54.80 pence   16:21 UK
  2,591   54.80 pence   16:21 UK
  2,491   54.80 pence   16:21 UK
  1,382   54.80 pence   16:21 UK
  664     54.80 pence   16:21 UK
  911     54.80 pence   16:22 UK
  3,193   54.80 pence   16:22 UK
  3,396   54.80 pence   16:24 UK
  6,500   54.80 pence   16:24 UK
  9       54.80 pence   16:24 UK
  1,244   54.80 pence   16:24 UK
  2,310   54.80 pence   16:24 UK
  6,500   54.80 pence   16:24 UK
  741     54.80 pence   16:24 UK
  3,144   54.80 pence   16:24 UK
  912     54.80 pence   16:24 UK
  2,444   54.80 pence   16:24 UK
  912     54.80 pence   16:25 UK
  5,588   54.80 pence   16:25 UK
  1,187   54.80 pence   16:25 UK
  906     54.80 pence   16:25 UK
  730     54.80 pence   16:25 UK
  912     54.80 pence   16:26 UK
  1,284   54.80 pence   16:26 UK
  1,015   54.80 pence   16:26 UK
  264     54.80 pence   16:26 UK
  154     54.80 pence   16:26 UK
  48      54.80 pence   16:27 UK
  2,000   54.80 pence   16:28 UK
  3,358   54.80 pence   16:28 UK
  1,142   54.80 pence   16:28 UK
  746     54.80 pence   16:29 UK
  806     54.80 pence   16:29 UK
  907     54.80 pence   16:29 UK
  756     54.80 pence   16:29 UK
  1,025   54.80 pence   16:29 UK
  694     54.80 pence   16:29 UK
  781     54.80 pence   16:29 UK
  785     54.80 pence   16:35 UK
  694     54.80 pence   16:35 UK
  395     54.60 pence   15:39 UK
  7,105   54.60 pence   15:39 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 160 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 156 franchised sales outlets and 4 non-franchised
sales operations from 121 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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