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RNS Number : 3382Z Vertu Motors PLC 15 May 2023
15 May 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 12 May 2023 it purchased 264,331
ordinary shares of 10p each in the Company (the "Repurchased Shares"),
pursuant to the share buyback programme (the "Buyback Programme") that was
announced on 10 May 2023, as follows (together the "Transaction"):
Date of purchase 12 May 2023
Number of ordinary shares purchased 264,331
Highest price paid per ordinary share 59 pence
Lowest price paid per ordinary share 59 pence
Volume weighted average price paid per ordinary share 59 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 348,444,109 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
("Zeus"), are set out below:
Schedule of Purchases:
Shares purchased: Vertu Motors plc (ISIN: GB00B1GK4645)
Date of purchases: 12 May 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
264,331 59 London Stock Exchange
Individual transactions:
7,660 59.00 pence 09:00 UK
7,660 59.00 pence 09:00 UK
7,660 59.00 pence 09:00 UK
7,660 59.00 pence 09:00 UK
22,222 59.00 pence 11:41 UK
33,333 59.00 pence 11:41 UK
14,815 59.00 pence 11:41 UK
14,816 59.00 pence 11:41 UK
7,407 59.00 pence 11:41 UK
7,407 59.00 pence 11:41 UK
3,676 59.00 pence 12:18 UK
4,079 59.00 pence 12:58 UK
135 59.00 pence 12:58 UK
25,801 59.00 pence 14:25 UK
1 59.00 pence 16:17 UK
10,453 59.00 pence 16:35 UK
7,541 59.00 pence 16:35 UK
33,803 59.00 pence 16:35 UK
36,291 59.00 pence 16:35 UK
11,911 59.00 pence 16:36 UK
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Zeus (Nominated Adviser and Broker) Tel: +44 (0) 203 829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: +44 (0) 203 757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in the UK with a
network of 189 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 185 franchised sales outlets and 4
non-franchised sales operations from 141 locations across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer motoring
experience through honesty and trust".
Vertu Motors Group websites - https://investors.vertumotors.com
(https://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.vertuhonda.com
(http://www.vertuhonda.com) / www.vertutoyota.com (http://www.vertutoyota.com)
/ www.macklinmotors.co.uk (http://www.macklinmotors.co.uk) /
www.vertumotorcyles.com (http://www.vertumotorcyles.com)
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