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RNS Number : 4091W Vertu Motors PLC 12 December 2023
12 December 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 11 December 2023 it purchased
195,408 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 11 December 2023
Number of ordinary shares purchased 195,408
Highest price paid per ordinary share 68 pence
Lowest price paid per ordinary share 68 pence
Volume weighted average price paid per ordinary share 68 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 339,437,849 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: 11 December 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
195,408 68 London Stock Exchange
Individual transactions:
1,219 68.00 pence 10:03 UK
8,781 68.00 pence 10:04 UK
1,219 68.00 pence 10:04 UK
488 68.00 pence 10:04 UK
2,665 68.00 pence 10:04 UK
4,000 68.00 pence 10:05 UK
1,397 68.00 pence 10:05 UK
1,450 68.00 pence 10:05 UK
2,550 68.00 pence 10:05 UK
7,200 68.00 pence 10:06 UK
1,719 68.00 pence 10:06 UK
1,081 68.00 pence 10:06 UK
512 68.00 pence 10:06 UK
8,612 68.00 pence 10:06 UK
548 68.00 pence 10:06 UK
328 68.00 pence 10:06 UK
6,029 68.00 pence 10:06 UK
3,971 68.00 pence 10:06 UK
3,525 68.00 pence 10:06 UK
4,000 68.00 pence 10:08 UK
152 68.00 pence 10:08 UK
1,894 68.00 pence 10:09 UK
429 68.00 pence 10:09 UK
10,000 68.00 pence 10:09 UK
2,671 68.00 pence 10:09 UK
1,000 68.00 pence 10:10 UK
5,000 68.00 pence 10:13 UK
1,107 68.00 pence 10:13 UK
222 68.00 pence 10:13 UK
1,329 68.00 pence 10:13 UK
1,517 68.00 pence 10:13 UK
5,000 68.00 pence 10:13 UK
2,154 68.00 pence 10:13 UK
1,746 68.00 pence 10:13 UK
4,485 68.00 pence 10:13 UK
2,332 68.00 pence 11:38 UK
23,802 68.00 pence 11:38 UK
2,332 68.00 pence 11:38 UK
4,614 68.00 pence 11:38 UK
21,520 68.00 pence 11:38 UK
4,614 68.00 pence 11:38 UK
280 68.00 pence 11:38 UK
12,504 68.00 pence 11:38 UK
13,350 68.00 pence 11:38 UK
5,707 68.00 pence 11:38 UK
4,084 68.00 pence 11:38 UK
269 68.00 pence 11:38 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 195 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 191 franchised sales outlets and 4
non-franchised sales operations from 145 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.vertumotorcycles.com (http://www.vertumotorcycles.com)
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