REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

13/07/2022 07:01

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RNS Number : 2410S  Vertu Motors PLC  13 July 2022

13 July 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 12 July 2022, it purchased
29,696 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                                       12 July 2022
 Number of ordinary shares purchased                    29,696
 Highest price paid per ordinary share                  56.80 pence
 Lowest price paid per ordinary share                   56.30 pence
 Volume weighted average price paid per ordinary share  56.3540 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 350,126,003 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:                  12 July 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    56.3540                                London Stock Exchange

 29,696

 

 

 Individual Transactions:
 2         56.30 pence   10:33 UK
  1,096    56.30 pence   11:22 UK
  2        56.30 pence   11:22 UK
  45       56.30 pence   11:22 UK
  12,110   56.30 pence   11:41 UK
  433      56.30 pence   11:41 UK
  291      56.30 pence   11:41 UK
  2,897    56.30 pence   11:41 UK
  15       56.30 pence   12:43 UK
  8,799    56.30 pence   12:43 UK
  2,000    56.60 pence   14:53 UK
  2        56.80 pence   15:19 UK
  2        56.80 pence   15:31 UK
  2        56.80 pence   15:39 UK
  2,000    56.80 pence   15:42 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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