REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

14/07/2022 07:00

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RNS Number : 3998S  Vertu Motors PLC  14 July 2022

14 July 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 13 July 2022, it purchased
159,771 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                                       13 July 2022
 Number of ordinary shares purchased                    159,771
 Highest price paid per ordinary share                  56.90 pence
 Lowest price paid per ordinary share                   55.90 pence
 Volume weighted average price paid per ordinary share  56.3656 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 349,966,232 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:                  13 July 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    56.3656                                London Stock Exchange

 159,771

 

 

 1,666     56.90 pence   09:58 UK
  3,173    56.90 pence   09:58 UK
  9,561    56.90 pence   09:58 UK
  415      56.90 pence   10:11 UK
  3,996    56.90 pence   10:11 UK
  4,324    56.90 pence   10:11 UK
  3,996    56.90 pence   10:11 UK
  8,735    56.90 pence   10:11 UK
  3,984    56.90 pence   10:11 UK
  980      56.90 pence   10:11 UK
  3,170    56.90 pence   10:11 UK
  2,300    56.40 pence   11:32 UK
  13,471   56.40 pence   11:32 UK
  1,316    56.30 pence   13:12 UK
  2        56.30 pence   13:12 UK
  969      56.30 pence   13:27 UK
  2        56.30 pence   13:27 UK
  8        56.30 pence   13:30 UK
  2,000    56.30 pence   13:30 UK
  82       56.30 pence   13:30 UK
  4,366    56.30 pence   13:30 UK
  3,037    56.30 pence   13:30 UK
  5,708    56.30 pence   13:30 UK
  5,708    56.30 pence   13:30 UK
  3,037    56.30 pence   13:30 UK
  3,037    56.30 pence   13:30 UK
  2,519    56.30 pence   13:30 UK
  423      56.30 pence   13:30 UK
  2,766    56.30 pence   13:30 UK
  1,182    56.30 pence   13:30 UK
  4,600    56.30 pence   13:30 UK
  2,963    56.30 pence   13:30 UK
  2,963    56.30 pence   13:30 UK
  3,312    56.30 pence   13:30 UK
  38       56.00 pence   15:06 UK
  8,312    56.00 pence   15:06 UK
  336      56.00 pence   15:06 UK
  1,307    56.00 pence   15:06 UK
  4,700    56.00 pence   15:06 UK
  2,007    56.00 pence   15:06 UK
  2,007    56.00 pence   15:06 UK
  4,457    56.00 pence   15:06 UK
  892      56.00 pence   15:06 UK
  944      56.00 pence   15:07 UK
  73       55.90 pence   15:59 UK
  119      55.90 pence   15:59 UK
  598      55.90 pence   16:00 UK
  5,710    55.90 pence   16:13 UK
  5,857    55.90 pence   16:13 UK
  643      55.90 pence   16:13 UK
  5,712    55.90 pence   16:13 UK
  1,308    55.90 pence   16:13 UK
  841      55.90 pence   16:13 UK
  41       55.90 pence   16:13 UK
  4,098    55.90 pence   16:13 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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