REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

21/06/2022 07:00

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RNS Number : 5375P  Vertu Motors PLC  21 June 2022

21 June 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 June 2022, it purchased
128,111 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                                       20 June 2022
 Number of ordinary shares purchased                    128,111
 Highest price paid per ordinary share                  52.50 pence
 Lowest price paid per ordinary share                   51.80 pence
 Volume weighted average price paid per ordinary share  52.2714 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 351,564,208 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:                  20 June 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    52.2714                                London Stock Exchange

 128,111

 

 

 Individual Transactions:
   1,590     52.00 pence   10:40 UK
    1,477    52.00 pence   10:40 UK
    1,232    52.00 pence   10:40 UK
    5,713    52.00 pence   11:59 UK
    13,469   52.00 pence   11:59 UK
    594      52.00 pence   11:59 UK
    925      52.00 pence   11:59 UK
    2,300    51.80 pence   12:14 UK
    3,084    51.80 pence   12:44 UK
    2,400    51.80 pence   13:15 UK
    2,668    51.80 pence   13:54 UK
    2,142    51.80 pence   13:54 UK
    2,700    52.00 pence   14:22 UK
    7,500    52.50 pence   16:14 UK
    827      52.50 pence   16:14 UK
    521      52.50 pence   16:14 UK
    3,966    52.50 pence   16:14 UK
    424      52.50 pence   16:14 UK
    115      52.50 pence   16:14 UK
    434      52.50 pence   16:14 UK
    4,343    52.50 pence   16:14 UK
    884      52.50 pence   16:14 UK
    8,848    52.50 pence   16:14 UK
    4,213    52.50 pence   16:14 UK
    463      52.50 pence   16:14 UK
    4,635    52.50 pence   16:14 UK
    884      52.50 pence   16:14 UK
    8,848    52.50 pence   16:14 UK
    8,848    52.50 pence   16:14 UK
    3,764    52.50 pence   16:14 UK
    2,000    52.40 pence   16:14 UK
    7,706    52.40 pence   16:14 UK
    76       52.00 pence   16:18 UK
    3,044    52.00 pence   16:18 UK
    6,364    52.00 pence   16:18 UK
    152      52.40 pence   16:35 UK
    113      52.40 pence   16:35 UK
    1        52.40 pence   16:35 UK
    3,132    52.40 pence   16:35 UK
    76       52.40 pence   16:35 UK
    57       52.40 pence   16:35 UK
    1,290    52.40 pence   16:35 UK
    178      52.40 pence   16:35 UK
    1,259    52.40 pence   16:35 UK
    678      52.40 pence   16:35 UK
    231      52.40 pence   16:35 UK
    409      52.40 pence   16:35 UK
    237      52.40 pence   16:35 UK
    164      52.40 pence   16:35 UK
    7        52.40 pence   16:35 UK
    284      52.40 pence   16:35 UK
    842      52.40 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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