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REG - Vertu Motors PLC - Transaction in Own Shares

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RNS Number : 4212R  Vertu Motors PLC  06 July 2022

06 July 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 05 July 2022, it purchased
186,199 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                                       05 July 2022
 Number of ordinary shares purchased                    186,199
 Highest price paid per ordinary share                  54.00 pence
 Lowest price paid per ordinary share                   53.30 pence
 Volume weighted average price paid per ordinary share  53.7691 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 350,393,965 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:                  05 July 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    53.7691                                London Stock Exchange

 186,199

 

 

 Individual Transactions:
 104      54.00 pence   08:29 UK
  103     54.00 pence   08:29 UK
  54      54.00 pence   08:29 UK
  2,700   54.00 pence   08:59 UK
  3,585   54.00 pence   08:59 UK
  1,160   54.00 pence   08:59 UK
  5,386   54.00 pence   08:59 UK
  8,438   54.00 pence   08:59 UK
  922     54.00 pence   08:59 UK
  1,402   54.00 pence   08:59 UK
  923     54.00 pence   09:04 UK
  923     54.00 pence   09:04 UK
  923     54.00 pence   09:04 UK
  923     54.00 pence   09:05 UK
  152     54.00 pence   09:05 UK
  378     54.00 pence   09:09 UK
  148     54.00 pence   09:09 UK
  1,254   54.00 pence   09:09 UK
  2,217   54.00 pence   09:13 UK
  3,075   54.00 pence   09:13 UK
  3,075   54.00 pence   09:13 UK
  2,294   54.00 pence   09:13 UK
  1,177   54.00 pence   09:16 UK
  2,456   54.00 pence   09:16 UK
  3,633   54.00 pence   09:16 UK
  412     54.00 pence   09:16 UK
  45      54.00 pence   09:16 UK
  412     54.00 pence   09:16 UK
  1,254   54.00 pence   09:16 UK
  1,511   54.00 pence   09:16 UK
  3,781   54.00 pence   09:16 UK
  1,379   54.00 pence   09:16 UK
  7,500   53.90 pence   09:22 UK
  2,500   53.90 pence   09:22 UK
  3,600   53.90 pence   09:32 UK
  2,833   53.90 pence   09:32 UK
  2       53.90 pence   09:32 UK
  123     53.90 pence   09:32 UK
  380     53.90 pence   09:32 UK
  2,199   53.90 pence   09:32 UK
  3,729   53.90 pence   09:32 UK
  2,704   53.90 pence   09:32 UK
  124     53.90 pence   09:32 UK
  1,574   53.90 pence   09:32 UK
  2,732   53.90 pence   12:30 UK
  4,400   53.90 pence   12:40 UK
  282     53.90 pence   12:41 UK
  1,102   53.90 pence   12:51 UK
  416     53.90 pence   12:51 UK
  6,200   53.90 pence   12:51 UK
  66      53.90 pence   12:51 UK
  2,783   53.90 pence   12:51 UK
  927     53.90 pence   12:51 UK
  2,490   53.90 pence   12:53 UK
  2,044   53.90 pence   12:53 UK
  2,846   53.90 pence   12:53 UK
  927     53.90 pence   12:57 UK
  383     53.90 pence   12:57 UK
  544     53.90 pence   12:57 UK
  6,200   53.90 pence   12:57 UK
  1,300   53.90 pence   12:57 UK
  1,479   53.90 pence   12:57 UK
  4,721   53.90 pence   12:57 UK
  2,779   53.90 pence   12:57 UK
  2,440   53.90 pence   12:57 UK
  3,760   53.90 pence   12:57 UK
  1,911   53.90 pence   12:57 UK
  197     53.30 pence   13:06 UK
  4,682   53.30 pence   13:15 UK
  2,121   53.30 pence   13:15 UK
  4,682   53.30 pence   13:15 UK
  2,121   53.30 pence   13:15 UK
  4,879   53.30 pence   13:15 UK
  7,000   53.30 pence   13:15 UK
  5,137   53.30 pence   13:15 UK
  1,527   53.30 pence   13:15 UK
  336     53.30 pence   13:15 UK
  1,628   53.30 pence   13:19 UK
  4,142   53.30 pence   13:23 UK
  1,230   53.30 pence   13:23 UK
  4,236   53.30 pence   14:11 UK
  2,115   53.30 pence   14:11 UK
  649     53.30 pence   14:11 UK
  2,702   53.30 pence   14:11 UK
  616     53.30 pence   14:11 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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