REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

10/06/2022 07:00

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RNS Number : 3997O  Vertu Motors PLC  10 June 2022

10 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 09 June 2022, it purchased
414,662 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 07 June 2022 as follows:

 

 Date of purchase                                       09 June 2022
 Number of ordinary shares purchased                    414,662
 Highest price paid per ordinary share                  58.30 pence
 Lowest price paid per ordinary share                   57.50 pence
 Volume weighted average price paid per ordinary share  57.9527 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 353,066,612 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:                  09 June 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    57.9527                                London Stock Exchange

 414,662

 

 

 Individual Transactions:
 4,635     57.80 pence   08:02 UK
  10,027   57.80 pence   08:02 UK
  124      57.50 pence   08:29 UK
  149      57.50 pence   08:29 UK
  146      57.50 pence   08:29 UK
  1,172    57.50 pence   08:34 UK
  7,524    57.50 pence   08:34 UK
  4,526    57.50 pence   08:34 UK
  4,589    57.50 pence   08:34 UK
  4,589    57.50 pence   08:34 UK
  4,526    57.50 pence   08:34 UK
  4,589    57.50 pence   08:34 UK
  1,952    57.50 pence   08:34 UK
  7,163    57.50 pence   08:35 UK
  8,500    57.50 pence   08:35 UK
  451      57.50 pence   08:35 UK
  8,947    58.30 pence   13:07 UK
  8,947    58.30 pence   13:08 UK
  1,325    58.30 pence   13:08 UK
  2,034    58.30 pence   13:08 UK
  5,588    58.30 pence   13:08 UK
  7,607    58.30 pence   13:08 UK
  8,947    58.30 pence   13:08 UK
  4,248    58.30 pence   13:08 UK
  2,357    58.30 pence   13:08 UK
  532      57.90 pence   13:45 UK
  2,245    57.90 pence   14:07 UK
  6,871    57.90 pence   14:07 UK
  228      57.90 pence   14:07 UK
  7,749    57.90 pence   14:07 UK
  878      57.90 pence   14:07 UK
  261      57.90 pence   14:07 UK
  878      57.90 pence   14:07 UK
  261      57.90 pence   14:07 UK
  2,625    57.90 pence   14:07 UK
  2,959    57.90 pence   14:07 UK
  3,271    57.90 pence   14:43 UK
  5,383    57.90 pence   14:43 UK
  3,733    57.90 pence   14:43 UK
  557      57.90 pence   14:43 UK
  2,726    57.90 pence   14:43 UK
  5,833    57.90 pence   14:43 UK
  2,558    57.90 pence   14:43 UK
  452      57.90 pence   14:43 UK
  1,773    58.00 pence   15:51 UK
  333      58.00 pence   15:51 UK
  331      58.00 pence   15:51 UK
  59       58.00 pence   15:51 UK
  2,413    58.00 pence   15:59 UK
  6,426    58.00 pence   15:59 UK
  8,835    58.00 pence   15:59 UK
  4        58.00 pence   15:59 UK
  1,295    58.00 pence   15:59 UK
  4,236    58.00 pence   15:59 UK
  125      58.00 pence   15:59 UK
  345      58.00 pence   15:59 UK
  4,133    58.00 pence   16:00 UK
  3,510    58.00 pence   16:00 UK
  5,329    58.00 pence   16:00 UK
  1,557    58.00 pence   16:00 UK
  7,280    58.00 pence   16:00 UK
  2        58.00 pence   16:01 UK
  232      58.00 pence   16:01 UK
  8,839    58.00 pence   16:01 UK
  4,356    58.00 pence   16:01 UK
  8,839    58.00 pence   16:01 UK
  4,356    58.00 pence   16:01 UK
  8,839    58.00 pence   16:01 UK
  4,356    58.00 pence   16:01 UK
  8,839    58.00 pence   16:01 UK
  772      58.00 pence   16:01 UK
  2,586    58.00 pence   16:01 UK
  180      57.80 pence   16:02 UK
  7,500    57.90 pence   16:02 UK
  8,811    57.90 pence   16:02 UK
  5,175    58.00 pence   16:16 UK
  1,710    58.00 pence   16:16 UK
  1,680    58.00 pence   16:16 UK
  212      58.00 pence   16:16 UK
  1,469    58.00 pence   16:16 UK
  5,549    58.00 pence   16:16 UK
  1,469    58.00 pence   16:16 UK
  1,647    58.00 pence   16:16 UK
  2,160    58.00 pence   16:16 UK
  1,416    58.00 pence   16:16 UK
  1,464    58.00 pence   16:16 UK
  6,242    58.00 pence   16:16 UK
  1,297    58.00 pence   16:17 UK
  1,429    58.00 pence   16:17 UK
  9,003    58.00 pence   16:21 UK
  17       58.00 pence   16:21 UK
  2,692    58.00 pence   16:21 UK
  6,102    58.00 pence   16:21 UK
  3,167    58.00 pence   16:21 UK
  2,903    58.00 pence   16:21 UK
  2,933    58.00 pence   16:21 UK
  5,532    58.00 pence   16:21 UK
  2,256    58.00 pence   16:21 UK
  1,023    58.00 pence   16:21 UK
  8,514    58.00 pence   16:21 UK
  489      58.00 pence   16:21 UK
  8,811    58.00 pence   16:22 UK
  935      58.00 pence   16:22 UK
  2,792    58.00 pence   16:22 UK
  5,276    58.00 pence   16:22 UK
  5,039    58.00 pence   16:22 UK
  2,037    58.00 pence   16:22 UK
  948      58.00 pence   16:22 UK
  8,055    58.00 pence   16:22 UK
  5,140    58.00 pence   16:22 UK
  9,003    58.00 pence   16:22 UK
  4,192    58.00 pence   16:22 UK
  1,037    58.00 pence   16:22 UK
  2,694    58.00 pence   16:22 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 (https://www.vertumotorcycles.com/)

 

 

 

 

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