For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220726:nRSZ6864Ta&default-theme=true
RNS Number : 6864T Vertu Motors PLC 26 July 2022
26 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 25 July 2022, it purchased
88,125 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 25 July 2022
Number of ordinary shares purchased 88,125
Highest price paid per ordinary share 58.00 pence
Lowest price paid per ordinary share 57.70 pence
Volume weighted average price paid per ordinary share 57.8387 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 349,295,642 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: 25 July 2022
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
57.8387 London Stock Exchange
88,125
Individual Transactions:
4,545 58.00 pence 08:07 UK
3,580 58.00 pence 08:07 UK
4,960 57.70 pence 14:25 UK
1,894 57.70 pence 14:30 UK
1,995 57.70 pence 14:30 UK
8,849 57.70 pence 14:50 UK
8,849 57.70 pence 14:50 UK
3,453 57.70 pence 14:50 UK
4,322 57.70 pence 16:20 UK
858 57.70 pence 16:20 UK
2,082 57.70 pence 16:20 UK
492 57.70 pence 16:20 UK
1,134 57.70 pence 16:20 UK
366 57.70 pence 16:20 UK
865 57.70 pence 16:21 UK
2,478 57.70 pence 16:23 UK
865 57.70 pence 16:23 UK
865 57.70 pence 16:24 UK
865 57.70 pence 16:25 UK
864 57.70 pence 16:28 UK
1,318 57.70 pence 16:29 UK
874 58.00 pence 16:35 UK
10,431 58.00 pence 16:35 UK
1,458 58.00 pence 16:35 UK
1,875 58.00 pence 16:35 UK
1,042 58.00 pence 16:35 UK
898 58.00 pence 16:35 UK
198 58.00 pence 16:35 UK
198 58.00 pence 16:35 UK
573 58.00 pence 16:35 UK
87 58.00 pence 16:35 UK
1 58.00 pence 16:35 UK
8,119 58.00 pence 16:35 UK
6,872 58.00 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)
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END POSUVRARURUBUUR