REG - Vertu Motors PLC - Transaction in Own Shares
08/12/2023 07:00
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RNS Number : 1004W Vertu Motors PLC 08 December 2023
8 December 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 7 December 2023 it purchased
749,096 ordinary shares of 10p each in the Company (the "Repurchased Shares"),
pursuant to the share buyback programme (the "Buyback Programme") that was
announced on 9 October 2023, as follows (together the
"Transaction"):
Date of purchase 7 December 2023
Number of ordinary shares purchased 749,096
Highest price paid per ordinary share 68 pence
Lowest price paid per ordinary share 64.5 pence
Volume weighted average price paid per ordinary share 65.6505 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 340,003,660 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: 7 December 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
749,096 65.6505 London Stock Exchange
Individual transactions:
49,096 68.00 pence 08:28 UK
10,919 67.50 pence 08:38 UK
7,897 67.50 pence 08:38 UK
10,981 67.50 pence 08:38 UK
7,835 67.50 pence 08:38 UK
784 67.50 pence 08:38 UK
6,211 67.50 pence 08:38 UK
5,373 67.50 pence 08:44 UK
4,892 67.00 pence 08:45 UK
5,026 67.00 pence 08:45 UK
5,003 67.00 pence 08:45 UK
10,029 67.00 pence 08:45 UK
2,305 67.00 pence 08:45 UK
12,789 67.00 pence 08:45 UK
5,519 67.00 pence 08:45 UK
4,437 67.00 pence 08:45 UK
14,783 66.00 pence 08:48 UK
401 66.00 pence 08:48 UK
14,382 66.00 pence 08:48 UK
6,172 66.00 pence 08:48 UK
729 66.00 pence 08:48 UK
2,000 66.00 pence 08:48 UK
123 66.00 pence 08:48 UK
5,882 66.00 pence 08:48 UK
5,528 66.00 pence 08:48 UK
16,634 65.50 pence 09:00 UK
275 65.50 pence 09:00 UK
10,606 65.50 pence 09:00 UK
7,847 65.50 pence 09:00 UK
5,753 65.50 pence 09:00 UK
707 65.50 pence 09:00 UK
392 65.50 pence 09:00 UK
7,786 65.50 pence 09:00 UK
11,188 65.00 pence 09:03 UK
843 65.00 pence 09:03 UK
843 65.00 pence 09:03 UK
6,065 65.00 pence 09:03 UK
6,065 65.00 pence 09:03 UK
8,327 65.00 pence 09:03 UK
189 65.00 pence 09:03 UK
300 65.00 pence 09:03 UK
11,785 65.00 pence 09:04 UK
3,215 65.00 pence 09:04 UK
1,180 65.00 pence 09:06 UK
10,312 65.80 pence 11:55 UK
4,123 65.80 pence 11:55 UK
1,175 65.80 pence 11:55 UK
7,153 65.80 pence 11:55 UK
6,107 65.80 pence 12:05 UK
14,435 65.80 pence 12:07 UK
6,695 65.80 pence 12:07 UK
13,669 65.00 pence 13:12 UK
13,669 65.00 pence 13:12 UK
2,730 65.00 pence 13:12 UK
1,565 65.00 pence 13:12 UK
9,374 65.00 pence 13:12 UK
8,824 65.00 pence 13:12 UK
169 65.00 pence 13:12 UK
6,705 64.50 pence 13:42 UK
21,209 64.50 pence 13:42 UK
21,209 64.50 pence 13:42 UK
344 64.50 pence 13:42 UK
533 64.50 pence 13:42 UK
13,171 65.00 pence 15:10 UK
1,806 65.00 pence 15:10 UK
1,991 65.00 pence 15:10 UK
16,968 65.00 pence 15:10 UK
1,930 65.00 pence 15:10 UK
1,930 65.00 pence 15:10 UK
880 65.00 pence 15:10 UK
166 65.00 pence 15:10 UK
3,008 65.00 pence 15:10 UK
7,344 65.00 pence 15:10 UK
806 65.00 pence 15:10 UK
6,269 65.00 pence 15:32 UK
13,817 65.00 pence 15:32 UK
1,691 65.00 pence 15:32 UK
13,817 65.00 pence 15:32 UK
589 65.00 pence 15:32 UK
13,817 65.00 pence 15:32 UK
9,800 64.50 pence 15:38 UK
7,898 64.50 pence 15:38 UK
78 64.50 pence 15:38 UK
600 64.50 pence 15:38 UK
6,083 64.50 pence 15:38 UK
4,192 64.50 pence 15:38 UK
2,506 64.50 pence 15:41 UK
2,137 64.50 pence 15:41 UK
183 64.50 pence 15:41 UK
2,102 64.50 pence 15:41 UK
900 64.50 pence 15:41 UK
13,521 64.50 pence 15:41 UK
16,658 65.00 pence 16:21 UK
6,746 65.00 pence 16:21 UK
9,912 65.00 pence 16:21 UK
16,658 65.00 pence 16:21 UK
26 65.00 pence 16:21 UK
1,598 65.50 pence 16:35 UK
30,000 65.50 pence 16:35 UK
25,000 65.50 pence 16:35 UK
26,480 65.50 pence 16:35 UK
1,218 65.50 pence 16:35 UK
3,316 65.50 pence 16:35 UK
11,672 65.50 pence 16:35 UK
716 65.50 pence 16:35 UK
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Phil Clark, Investor Relations
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 190 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 186 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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