REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

25/07/2022 07:00

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RNS Number : 5117T  Vertu Motors PLC  25 July 2022

25 July 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 22 July 2022, it purchased
138,942 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                                       22 July 2022
 Number of ordinary shares purchased                    138,942
 Highest price paid per ordinary share                  58.00 pence
 Lowest price paid per ordinary share                   57.50 pence
 Volume weighted average price paid per ordinary share  57.9318 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 349,383,767 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:                  22 July 2022

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
                    57.9318                                London Stock Exchange

 138,942

 

 

 Individual Transactions:
  14,440   57.50 pence   08:45 UK
  309      57.50 pence   08:45 UK
  4,193    57.50 pence   08:45 UK
  2        58.00 pence   11:37 UK
  5,781    58.00 pence   11:37 UK
  74       58.00 pence   11:37 UK
  3,252    58.00 pence   11:37 UK
  521      58.00 pence   11:51 UK
  4,261    58.00 pence   13:04 UK
  139      58.00 pence   13:04 UK
  132      58.00 pence   13:09 UK
  3,982    58.00 pence   13:52 UK
  9,035    58.00 pence   13:52 UK
  1,600    58.00 pence   13:52 UK
  66       58.00 pence   13:52 UK
  66       58.00 pence   13:52 UK
  106      58.00 pence   13:52 UK
  7,303    58.00 pence   13:52 UK
  26       58.00 pence   13:52 UK
  4,500    58.00 pence   13:52 UK
  4,500    58.00 pence   13:52 UK
  1,648    58.00 pence   13:53 UK
  9        58.00 pence   13:53 UK
  2,997    58.00 pence   13:55 UK
  8,842    58.00 pence   15:22 UK
  8,842    58.00 pence   15:22 UK
  6,449    58.00 pence   15:22 UK
  9,320    58.00 pence   16:29 UK
  2,393    58.00 pence   16:29 UK
  3,825    58.00 pence   16:29 UK
  16,360   58.00 pence   16:29 UK
  9,320    58.00 pence   16:29 UK
  4,649    58.00 pence   16:29 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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