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RNS Number : 2091P Vertu Motors PLC 17 June 2022
17 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 16 June 2022, it purchased
218,307 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 16 June 2022
Number of ordinary shares purchased 218,307
Highest price paid per ordinary share 53.50 pence
Lowest price paid per ordinary share 52.50 pence
Volume weighted average price paid per ordinary share 52.9822 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 351,692,319 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: 16 June 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
52.9822 London Stock Exchange
218,307
Individual Transactions:
6,335 53.50 pence 08:25 UK
1,972 53.50 pence 08:25 UK
2,920 53.50 pence 08:29 UK
7,080 53.50 pence 08:29 UK
6,400 53.00 pence 08:49 UK
7,568 53.00 pence 08:49 UK
6,400 53.00 pence 08:49 UK
4,632 53.00 pence 10:00 UK
41,891 52.50 pence 10:10 UK
8,109 52.50 pence 10:10 UK
8,571 52.50 pence 10:21 UK
7,309 52.50 pence 10:21 UK
7,252 52.50 pence 10:21 UK
1,811 52.50 pence 10:21 UK
57 52.50 pence 10:21 UK
21,814 53.20 pence 14:23 UK
819 53.40 pence 15:04 UK
7,000 53.40 pence 15:04 UK
367 53.40 pence 15:04 UK
379 53.40 pence 15:07 UK
4,621 53.40 pence 15:09 UK
3,224 53.40 pence 15:18 UK
5,495 53.30 pence 15:40 UK
6,281 53.30 pence 15:40 UK
3,438 53.40 pence 15:55 UK
3,483 53.40 pence 15:55 UK
807 53.40 pence 15:55 UK
7,000 53.40 pence 15:55 UK
204 53.40 pence 15:55 UK
223 53.40 pence 15:55 UK
1,137 53.40 pence 15:55 UK
8,708 53.40 pence 15:55 UK
21 53.00 pence 16:17 UK
9,979 53.00 pence 16:17 UK
200 53.00 pence 16:20 UK
10,000 53.00 pence 16:20 UK
4,800 53.00 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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