REG - Vertu Motors PLC - Transaction in Own Shares
18/12/2023 07:00
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RNS Number : 0553X Vertu Motors PLC 18 December 2023
18 December 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 15 December 2023 it purchased
912,423 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 15 December 2023
Number of ordinary shares purchased 912,423
Highest price paid per ordinary share 70 pence
Lowest price paid per ordinary share 69.6 pence
Volume weighted average price paid per ordinary share 69.9787 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 338,434,868 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: 15 December 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
912,423 69.9787 London Stock Exchange
Individual transactions:
5,804 70.00 pence 10:31 UK
7,350 70.00 pence 10:31 UK
4,908 70.00 pence 10:31 UK
46,442 70.00 pence 10:31 UK
19,998 70.00 pence 10:39 UK
2 70.00 pence 10:39 UK
20,000 70.00 pence 10:40 UK
4,141 70.00 pence 10:40 UK
3,156 70.00 pence 10:40 UK
5,242 70.00 pence 10:41 UK
7,461 70.00 pence 10:48 UK
20,000 70.00 pence 10:50 UK
4,256 70.00 pence 10:50 UK
15,744 70.00 pence 10:50 UK
4,002 70.00 pence 10:50 UK
15,998 70.00 pence 10:51 UK
4,009 70.00 pence 10:51 UK
15,991 70.00 pence 10:51 UK
34,009 70.00 pence 10:51 UK
4,413 70.00 pence 10:51 UK
2,886 70.00 pence 10:51 UK
506 70.00 pence 10:51 UK
12,195 70.00 pence 10:51 UK
7,805 70.00 pence 10:51 UK
2,000 70.00 pence 10:51 UK
5,662 70.00 pence 10:52 UK
5,582 70.00 pence 10:52 UK
559 70.00 pence 10:52 UK
6,197 70.00 pence 10:52 UK
20,000 70.00 pence 10:52 UK
2,576 70.00 pence 10:52 UK
978 70.00 pence 10:52 UK
4,632 70.00 pence 10:52 UK
3,375 69.60 pence 10:53 UK
21,625 69.60 pence 13:15 UK
110 69.60 pence 13:15 UK
809 69.60 pence 13:15 UK
25 69.60 pence 13:15 UK
1,721 69.60 pence 13:15 UK
1,155 69.60 pence 13:15 UK
195 69.60 pence 14:00 UK
6,797 70.00 pence 14:30 UK
10,000 70.00 pence 14:30 UK
964 70.00 pence 14:30 UK
24,036 70.00 pence 14:30 UK
2,893 70.00 pence 14:30 UK
2,000 70.00 pence 14:30 UK
20,107 70.00 pence 14:30 UK
1,911 70.00 pence 14:30 UK
2,129 70.00 pence 14:30 UK
2,000 70.00 pence 14:30 UK
18,960 70.00 pence 14:31 UK
2,391 70.00 pence 14:31 UK
2,000 70.00 pence 14:31 UK
20,609 70.00 pence 14:31 UK
29,391 70.00 pence 14:31 UK
7,205 70.00 pence 14:31 UK
5,778 70.00 pence 14:31 UK
12,017 70.00 pence 14:31 UK
9,805 70.00 pence 14:31 UK
4,124 70.00 pence 14:31 UK
11,071 70.00 pence 14:31 UK
5,229 70.00 pence 14:31 UK
964 70.00 pence 14:31 UK
18,604 70.00 pence 14:31 UK
110 69.70 pence 15:02 UK
24,890 69.70 pence 15:02 UK
1,001 69.70 pence 15:02 UK
31 69.70 pence 15:02 UK
57 70.00 pence 15:55 UK
188 70.00 pence 15:55 UK
6,381 70.00 pence 15:55 UK
1,066 70.00 pence 15:55 UK
1,231 70.00 pence 15:55 UK
57 70.00 pence 15:55 UK
1,135 70.00 pence 15:55 UK
1,020 70.00 pence 15:55 UK
3,103 70.00 pence 15:56 UK
999 70.00 pence 15:56 UK
60 70.00 pence 16:00 UK
17,395 70.00 pence 16:00 UK
1,416 70.00 pence 16:00 UK
23,584 70.00 pence 16:00 UK
1,214 70.00 pence 16:00 UK
6,774 70.00 pence 16:00 UK
1,049 70.00 pence 16:00 UK
1,446 70.00 pence 16:00 UK
98 70.00 pence 16:00 UK
102 70.00 pence 16:00 UK
239 70.00 pence 16:00 UK
14,078 70.00 pence 16:00 UK
5,067 70.00 pence 16:01 UK
2,538 70.00 pence 16:01 UK
133,671 70.00 pence 16:11 UK
97,919 70.00 pence 16:37 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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