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RNS Number : 6054R Vertu Motors PLC 07 July 2022
07 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 06 July 2022, it purchased
90,568 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 06 July 2022
Number of ordinary shares purchased 90,568
Highest price paid per ordinary share 54.00 pence
Lowest price paid per ordinary share 51.70 pence
Volume weighted average price paid per ordinary share 53.0475 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 350,303,397 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: 06 July 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
53.0475 London Stock Exchange
90,568
3,176 51.70 pence 08:00 UK
1,878 51.70 pence 08:00 UK
422 51.70 pence 08:00 UK
976 51.70 pence 08:00 UK
1,246 51.70 pence 08:00 UK
129 51.70 pence 08:00 UK
25,000 52.50 pence 08:08 UK
2,920 52.80 pence 12:50 UK
2,920 52.80 pence 12:51 UK
2,920 53.30 pence 15:09 UK
4,665 53.30 pence 15:09 UK
11,575 53.30 pence 15:09 UK
2,827 53.20 pence 15:10 UK
2,920 53.20 pence 15:11 UK
2,920 53.20 pence 15:11 UK
4,253 53.20 pence 15:11 UK
3 53.20 pence 15:18 UK
3 53.40 pence 16:09 UK
4,588 54.00 pence 16:35 UK
147 54.00 pence 16:35 UK
110 54.00 pence 16:35 UK
110 54.00 pence 16:35 UK
147 54.00 pence 16:35 UK
2,777 54.00 pence 16:35 UK
223 54.00 pence 16:35 UK
300 54.00 pence 16:35 UK
111 54.00 pence 16:35 UK
148 54.00 pence 16:35 UK
8,413 54.00 pence 16:35 UK
2,741 54.00 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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