REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

14/06/2022 07:00

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RNS Number : 7145O  Vertu Motors PLC  14 June 2022

14 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 13 June 2022, it purchased
350,876 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                                       13 June 2022
 Number of ordinary shares purchased                    350,876
 Highest price paid per ordinary share                  56.00 pence
 Lowest price paid per ordinary share                   54.00 pence
 Volume weighted average price paid per ordinary share  54.8678 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 352,367,133 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:                  13 June 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    54.8678                                London Stock Exchange

 350,876

 

 

 Individual Transactions:
 7,870     56.00 pence   08:01 UK
  3,006    56.00 pence   08:01 UK
  20,000   55.50 pence   08:05 UK
  20,000   55.50 pence   08:05 UK
  3,053    55.30 pence   08:17 UK
  7,947    55.30 pence   08:17 UK
  11,000   55.30 pence   08:17 UK
  7,947    55.30 pence   08:17 UK
  2,000    55.30 pence   08:17 UK
  1,053    55.30 pence   08:17 UK
  15       55.30 pence   08:17 UK
  11,000   55.30 pence   08:22 UK
  5,985    55.30 pence   08:22 UK
  8,400    55.00 pence   08:27 UK
  8,400    55.00 pence   08:27 UK
  5,498    55.00 pence   08:27 UK
  8,400    55.00 pence   08:27 UK
  19,302   55.00 pence   08:27 UK
  2,660    55.00 pence   10:49 UK
  1,840    55.00 pence   10:49 UK
  20,500   55.00 pence   10:49 UK
  1,462    55.00 pence   13:15 UK
  1,595    55.00 pence   13:15 UK
  2,982    55.00 pence   13:18 UK
  961      55.00 pence   13:18 UK
  1,330    55.00 pence   13:20 UK
  1,329    55.00 pence   13:21 UK
  1,330    55.00 pence   13:23 UK
  1,755    55.00 pence   13:25 UK
  1,256    55.00 pence   13:28 UK
  638      55.00 pence   13:31 UK
  1,329    55.00 pence   13:32 UK
  1,329    55.00 pence   13:35 UK
  1,595    55.00 pence   13:38 UK
  1,329    55.00 pence   13:39 UK
  780      55.00 pence   13:40 UK
  161      55.00 pence   13:40 UK
  36       55.00 pence   13:40 UK
  396      55.00 pence   13:42 UK
  1,462    55.00 pence   13:42 UK
  5,106    55.00 pence   13:43 UK
  1,329    55.00 pence   13:46 UK
  2,659    55.00 pence   13:47 UK
  654      55.00 pence   13:47 UK
  2,358    55.00 pence   13:47 UK
  1,216    55.00 pence   13:47 UK
  7,000    55.00 pence   13:48 UK
  1,004    55.00 pence   13:48 UK
  2,123    54.50 pence   13:54 UK
  1,329    54.50 pence   13:54 UK
  21,548   54.50 pence   13:54 UK
  1,312    54.50 pence   14:25 UK
  1,329    54.50 pence   14:25 UK
  8,859    54.50 pence   14:25 UK
  11,500   54.50 pence   14:25 UK
  2,925    54.50 pence   14:26 UK
  1,861    54.50 pence   14:27 UK
  1,728    54.50 pence   14:29 UK
  2,660    54.50 pence   14:29 UK
  1,329    54.50 pence   14:30 UK
  997      54.50 pence   14:33 UK
  1,728    54.50 pence   14:34 UK
  1,329    54.50 pence   14:35 UK
  1,861    54.50 pence   14:37 UK
  1,329    54.50 pence   14:40 UK
  1,462    54.50 pence   14:40 UK
  2,710    54.50 pence   14:41 UK
  1,081    54.50 pence   14:41 UK
  4,000    54.50 pence   14:41 UK
  2,863    54.30 pence   10:25 UK
  2,756    54.00 pence   08:42 UK
  1,595    54.00 pence   14:49 UK
  1,406    54.00 pence   14:49 UK
  2,659    54.00 pence   14:49 UK
  1,440    54.00 pence   14:50 UK
  1,784    54.00 pence   14:50 UK
  1,595    54.00 pence   14:52 UK
  1,994    54.00 pence   14:54 UK
  1,727    54.00 pence   14:55 UK
  2,659    54.00 pence   15:17 UK
  1,329    54.00 pence   15:17 UK
  1,728    54.00 pence   15:19 UK
  1,384    54.00 pence   15:20 UK
  959      54.00 pence   15:22 UK
  1,706    54.00 pence   15:24 UK
  1,462    54.00 pence   15:25 UK
  2,660    54.00 pence   15:26 UK
  313      54.00 pence   15:27 UK
  1,329    54.00 pence   15:35 UK
  1,750    54.00 pence   15:37 UK
  2,740    54.00 pence   15:38 UK
  1,281    54.00 pence   15:39 UK
  1,601    54.00 pence   15:42 UK
  1,462    54.00 pence   15:44 UK
  2,739    54.00 pence   15:44 UK
  1,298    54.00 pence   15:45 UK
  586      54.00 pence   15:49 UK
  1,595    54.00 pence   15:50 UK
  4,919    54.00 pence   15:51 UK
  300      54.00 pence   15:51 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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