REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

26/05/2022 07:00

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RNS Number : 8306M  Vertu Motors PLC  26 May 2022

26 May 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 25 May 2022, it purchased 90,010
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                                       25 May 2022
 Number of ordinary shares purchased                    90,010
 Highest price paid per ordinary share                  56.00 pence
 Lowest price paid per ordinary share                   54.90 pence
 Volume weighted average price paid per ordinary share  55.4570 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 355,397,954 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:                  25 May 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    55.4570                                London Stock Exchange

 90,010

 

 

 Individual Transactions:
 5,000     54.90 pence   08:22 UK
  2,082    54.90 pence   09:13 UK
  3,410    54.90 pence   09:13 UK
  821      54.90 pence   10:05 UK
  187      54.90 pence   10:05 UK
  5,353    54.90 pence   10:05 UK
  536      54.90 pence   10:05 UK
  1,147    54.90 pence   10:05 UK
  1,147    54.90 pence   10:05 UK
  832      55.20 pence   10:08 UK
  821      55.20 pence   10:08 UK
  7,800    55.20 pence   10:08 UK
  547      55.20 pence   10:08 UK
  5,317    55.30 pence   12:58 UK
  2,500    55.30 pence   13:03 UK
  7,500    55.30 pence   13:03 UK
  279      55.50 pence   13:57 UK
  2,221    55.50 pence   13:57 UK
  7,500    55.50 pence   13:57 UK
  437      55.50 pence   13:57 UK
  2,604    55.50 pence   13:57 UK
  1,736    55.50 pence   13:57 UK
  233      55.50 pence   14:34 UK
  5,000    55.80 pence   15:52 UK
  1,519    56.00 pence   16:15 UK
  23,481   56.00 pence   16:15 UK

 

For further information please contact:

 

 Vertu Motors plc
 Robert Forrester, CEO  Tel: 0191 491 2111
 Karen Anderson, CFO    Tel: 0191 491 2112

 Zeus Capital Limited   Tel: 020 3829 5000
 Jamie Peel
 Andrew Jones
 Dominic King

 Camarco                Tel: 020 3757 4983
 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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