REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

13/06/2022 07:00

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RNS Number : 5415O  Vertu Motors PLC  13 June 2022

13 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 10 June 2022, it purchased
348,603 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                                       10 June 2022
 Number of ordinary shares purchased                    348,603
 Highest price paid per ordinary share                  57.50 pence
 Lowest price paid per ordinary share                   56.50 pence
 Volume weighted average price paid per ordinary share  56.7851 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 352,718,009 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:                  10 June 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    56.7851                                London Stock Exchange

 348,603

 

 

 Individual Transactions:
 12,404     57.50 pence   10:59 UK
  1,456     57.20 pence   12:47 UK
  600       57.20 pence   12:47 UK
  792       57.20 pence   12:47 UK
  4,360     57.20 pence   12:47 UK
  6,600     57.20 pence   13:30 UK
  2,433     57.20 pence   13:30 UK
  1,666     57.20 pence   13:30 UK
  300       57.20 pence   13:30 UK
  2,495     57.20 pence   13:30 UK
  4,572     57.20 pence   13:30 UK
  4,523     57.20 pence   13:30 UK
  7,346     57.20 pence   13:30 UK
  1,687     57.20 pence   13:30 UK
  150       57.20 pence   13:30 UK
  9,033     57.20 pence   13:40 UK
  967       57.20 pence   13:40 UK
  1,020     57.20 pence   13:40 UK
  8,177     56.80 pence   14:08 UK
  1,507     56.80 pence   14:08 UK
  6,670     56.80 pence   14:08 UK
  8,177     56.80 pence   14:08 UK
  548       56.80 pence   14:08 UK
  1,064     56.80 pence   14:08 UK
  5,352     56.80 pence   14:08 UK
  1,761     56.80 pence   14:21 UK
  2,242     56.80 pence   14:21 UK
  5,935     56.80 pence   15:06 UK
  5,935     56.80 pence   15:06 UK
  2,242     56.80 pence   15:06 UK
  4,065     56.80 pence   15:06 UK
  4,112     56.80 pence   15:06 UK
  4,112     56.80 pence   15:06 UK
  4,065     56.80 pence   15:06 UK
  47        56.80 pence   15:06 UK
  5,623     56.80 pence   15:06 UK
  2,554     56.80 pence   15:06 UK
  1,368     56.80 pence   15:06 UK
  6,809     56.80 pence   15:06 UK
  2,736     56.80 pence   15:06 UK
  8,177     56.80 pence   15:06 UK
  967       56.80 pence   15:06 UK
  7,210     56.80 pence   15:06 UK
  6,648     56.80 pence   15:06 UK
  1,529     56.80 pence   15:06 UK
  1,499     56.80 pence   15:06 UK
  3,656     56.80 pence   15:07 UK
  2,429     56.80 pence   15:15 UK
  2,092     56.80 pence   15:15 UK
  275       56.80 pence   15:15 UK
  350       56.80 pence   15:15 UK
  1,796     56.80 pence   15:15 UK
  1,533     56.80 pence   15:15 UK
  1,997     56.80 pence   15:16 UK
  2,226     56.80 pence   15:24 UK
  480       56.80 pence   15:24 UK
  3,596     56.80 pence   15:24 UK
  79        56.80 pence   15:24 UK
  1,530     56.80 pence   15:24 UK
  2,849     56.80 pence   15:24 UK
  123       56.80 pence   15:24 UK
  3,858     56.80 pence   15:24 UK
  8,829     56.50 pence   15:32 UK
  8,829     56.50 pence   15:32 UK
  8,829     56.50 pence   15:32 UK
  355       56.50 pence   15:37 UK
  563       56.50 pence   15:37 UK
  62        56.50 pence   15:37 UK
  4,703     56.50 pence   15:37 UK
  186       56.50 pence   15:37 UK
  2,960     56.50 pence   15:38 UK
  8,829     56.50 pence   15:44 UK
  541       56.50 pence   15:47 UK
  318       56.50 pence   15:59 UK
  319       56.50 pence   15:59 UK
  242       56.50 pence   15:59 UK
  100,000   56.60 pence   16:22 UK
  194       56.50 pence   16:29 UK
  219       56.50 pence   16:29 UK
  220       56.50 pence   16:29 UK
  1         56.50 pence   16:35 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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