REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

01/06/2022 07:00

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RNS Number : 4824N  Vertu Motors PLC  01 June 2022

01 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 31 May 2022, it purchased
438,409 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                                       31 May 2022
 Number of ordinary shares purchased                    438,409
 Highest price paid per ordinary share                  59.00 pence
 Lowest price paid per ordinary share                   58.50 pence
 Volume weighted average price paid per ordinary share  58.9030 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 354,520,321 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:                  31 May 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    58.9030                                London Stock Exchange

 438,409

 

 

 Individual Transactions:
 5,100     59.00 pence   08:20 UK
  1,400    59.00 pence   08:20 UK
  1,400    59.00 pence   08:20 UK
  5,100    59.00 pence   08:20 UK
  1,400    59.00 pence   08:20 UK
  5,100    59.00 pence   08:20 UK
  1,400    59.00 pence   08:20 UK
  5,100    59.00 pence   08:20 UK
  6,500    59.00 pence   08:20 UK
  3,286    59.00 pence   08:20 UK
  2,623    59.00 pence   08:20 UK
  3,400    59.00 pence   08:42 UK
  503      59.00 pence   11:33 UK
  7,688    59.00 pence   11:44 UK
  638      59.00 pence   12:32 UK
  1,498    59.00 pence   12:45 UK
  2,290    59.00 pence   12:45 UK
  1,804    59.00 pence   12:45 UK
  3,164    59.00 pence   12:45 UK
  846      59.00 pence   12:45 UK
  2,220    59.00 pence   12:45 UK
  846      59.00 pence   12:45 UK
  6,230    59.00 pence   13:58 UK
  6,230    59.00 pence   13:58 UK
  4,475    59.00 pence   13:58 UK
  723      59.00 pence   13:58 UK
  1,032    59.00 pence   13:58 UK
  2,413    59.00 pence   13:58 UK
  7,600    59.00 pence   15:49 UK
  92,400   59.00 pence   15:49 UK
  4,517    59.00 pence   15:49 UK
  4,496    59.00 pence   15:49 UK
  841      59.00 pence   15:49 UK
  20,000   59.00 pence   15:49 UK
  67,342   59.00 pence   15:49 UK
  7,500    58.90 pence   14:48 UK
  2,500    58.90 pence   14:48 UK
  589      58.90 pence   16:06 UK
  2,306    58.90 pence   16:06 UK
  7,500    58.90 pence   16:15 UK
  1,122    58.90 pence   16:15 UK
  5,159    58.90 pence   16:15 UK
  985      58.90 pence   16:15 UK
  5,234    58.90 pence   16:15 UK
  7,500    58.90 pence   16:15 UK
  5,304    58.90 pence   16:15 UK
  2,535    58.90 pence   16:17 UK
  11,661   58.90 pence   16:21 UK
  3,067    58.80 pence   15:49 UK
  4,549    58.80 pence   15:49 UK
  1,980    58.80 pence   15:49 UK
  838      58.80 pence   15:49 UK
  10,434   58.80 pence   15:49 UK
  1,190    58.80 pence   15:49 UK
  11,942   58.80 pence   15:56 UK
  7,105    58.70 pence   15:57 UK
  3,000    58.60 pence   16:12 UK
  7,023    58.50 pence   11:44 UK
  42,977   58.50 pence   11:44 UK
  789      58.50 pence   13:58 UK
  2,015    58.50 pence   13:59 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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