REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

16/06/2022 07:00

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RNS Number : 0547P  Vertu Motors PLC  16 June 2022

16 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 15 June 2022, it purchased
222,419 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                                       15 June 2022
 Number of ordinary shares purchased                    222,419
 Highest price paid per ordinary share                  55.00 pence
 Lowest price paid per ordinary share                   53.60 pence
 Volume weighted average price paid per ordinary share  54.3076 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 351,910,626 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:                  15 June 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    54.3076                                London Stock Exchange

 222,419

 

 

 Individual Transactions:
   2,299     54.50 pence   09:02 UK
    3,334    55.00 pence   10:09 UK
    2,538    55.00 pence   10:09 UK
    4,128    55.00 pence   10:09 UK
    3,327    55.00 pence   10:10 UK
    1,993    55.00 pence   10:10 UK
    739      55.00 pence   10:10 UK
    393      55.00 pence   10:10 UK
    8,548    55.00 pence   10:10 UK
    790      55.00 pence   10:10 UK
    1,965    54.50 pence   10:24 UK
    120      54.50 pence   10:24 UK
    621      54.50 pence   10:24 UK
    678      54.50 pence   10:24 UK
    207      54.50 pence   10:24 UK
    739      54.50 pence   10:24 UK
    1,354    54.60 pence   11:13 UK
    1,855    54.60 pence   11:13 UK
    1,086    54.30 pence   12:30 UK
    1,914    54.30 pence   12:30 UK
    7,000    54.30 pence   12:30 UK
    1,730    54.60 pence   12:36 UK
    7,000    54.60 pence   12:36 UK
    752      54.60 pence   12:36 UK
    518      54.60 pence   12:36 UK
    2,659    54.50 pence   12:51 UK
    270      54.50 pence   12:51 UK
    227      54.50 pence   12:51 UK
    916      54.50 pence   13:07 UK
    916      54.50 pence   13:12 UK
    5,012    54.50 pence   13:12 UK
    2,425    54.50 pence   13:12 UK
    8,488    54.50 pence   13:12 UK
    984      54.50 pence   13:19 UK
    2,759    54.50 pence   13:22 UK
    344      54.50 pence   13:22 UK
    5,509    54.50 pence   13:22 UK
    3,491    54.50 pence   13:23 UK
    2,777    54.50 pence   13:24 UK
    3,566    54.50 pence   13:39 UK
    2,175    54.40 pence   13:42 UK
    825      54.40 pence   13:42 UK
    29       54.40 pence   13:43 UK
    2,398    54.00 pence   13:56 UK
    486      54.00 pence   13:58 UK
    2,721    54.00 pence   14:01 UK
    1,186    54.00 pence   14:08 UK
    531      54.00 pence   14:15 UK
    1,392    54.00 pence   14:17 UK
    2,218    54.00 pence   14:21 UK
    2,071    54.00 pence   14:22 UK
    2,838    54.40 pence   14:39 UK
    4,025    54.40 pence   14:39 UK
    2,975    54.40 pence   14:39 UK
    813      54.40 pence   14:39 UK
    2,466    54.40 pence   14:39 UK
    1,883    54.40 pence   14:39 UK
    2,538    54.40 pence   14:40 UK
    779      54.40 pence   14:40 UK
    787      54.40 pence   14:40 UK
    497      54.40 pence   14:40 UK
    399      54.40 pence   14:40 UK
    1,508    54.40 pence   14:41 UK
    1,460    54.40 pence   14:41 UK
    640      54.40 pence   14:41 UK
    2,175    54.40 pence   14:41 UK
    294      54.40 pence   14:41 UK
    551      54.40 pence   14:41 UK
    10,900   54.40 pence   14:45 UK
    1,293    54.00 pence   14:58 UK
    2,792    54.00 pence   14:59 UK
    2,127    54.00 pence   14:59 UK
    1,524    54.00 pence   15:03 UK
    1,675    54.00 pence   15:06 UK
    4,688    54.00 pence   15:06 UK
    3,788    54.00 pence   15:06 UK
    6,212    54.00 pence   15:06 UK
    4,184    54.00 pence   15:07 UK
    6,212    54.00 pence   15:07 UK
    2,991    54.00 pence   15:07 UK
    3,081    54.00 pence   15:07 UK
    3,221    54.00 pence   15:07 UK
    2,297    54.00 pence   15:12 UK
    803      54.00 pence   15:12 UK
    6,000    54.00 pence   15:12 UK
    1,644    53.60 pence   15:58 UK
    882      53.60 pence   15:58 UK
    2,792    53.60 pence   15:59 UK
    913      53.60 pence   16:03 UK
    2,736    53.60 pence   16:17 UK
    7,538    53.60 pence   16:21 UK
    3,495    53.60 pence   16:21 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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