REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

25/11/2021 07:00

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RNS Number : 5238T  Vertu Motors PLC  25 November 2021

25 November 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 24 November 2021, it purchased
167,557 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 05 November 2021 as follows:

 

 Date of purchase                                       24 November 2021
 Number of ordinary shares purchased                    167,557
 Highest price paid per ordinary share                  63.40 pence
 Lowest price paid per ordinary share                   62.00 pence
 Volume weighted average price paid per ordinary share  62.9524 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 363,410,234 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:                  24 November 2021

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
 167,557            62.9524                                London Stock Exchange

 

 

 

 Individual Transactions:

 
  9        63.40 pence   08:00 UK
  1        63.40 pence   08:00 UK
  945      63.40 pence   09:35 UK
  5,000    63.40 pence   09:35 UK
  1,801    63.40 pence   09:40 UK
  4,132    63.40 pence   09:40 UK
  4,737    63.40 pence   09:40 UK
  963      63.40 pence   09:40 UK
  2,957    63.40 pence   09:40 UK
  1,106    63.40 pence   09:40 UK
  256      63.40 pence   09:40 UK
  5,823    63.40 pence   09:40 UK
  3,878    63.40 pence   09:40 UK
  967      63.40 pence   09:40 UK
  1,260    63.40 pence   09:40 UK
  1,928    63.40 pence   09:40 UK
  2,370    63.40 pence   09:40 UK
  330      63.40 pence   09:40 UK
  5,159    63.40 pence   09:40 UK
  12,429   63.40 pence   09:40 UK
  3,836    63.40 pence   09:40 UK
  286      63.40 pence   09:40 UK
  445      63.40 pence   09:40 UK
  3,836    63.40 pence   09:40 UK
  530      63.40 pence   09:40 UK
  578      63.40 pence   09:40 UK
  111      63.40 pence   09:40 UK
  1,000    63.40 pence   09:40 UK
  788      63.40 pence   09:42 UK
  96       63.40 pence   10:01 UK
  25,000   63.00 pence   10:21 UK
  22,060   63.00 pence   10:21 UK
  2,940    63.00 pence   10:21 UK
  15,001   62.60 pence   10:32 UK
  8,905    62.60 pence   10:32 UK
  1,094    62.60 pence   10:32 UK
  25,000   62.00 pence   10:58 UK

 

 9

63.40 pence

 08:00 UK

 1

63.40 pence

 08:00 UK

 945

63.40 pence

 09:35 UK

 5,000

63.40 pence

 09:35 UK

 1,801

63.40 pence

 09:40 UK

 4,132

63.40 pence

 09:40 UK

 4,737

63.40 pence

 09:40 UK

 963

63.40 pence

 09:40 UK

 2,957

63.40 pence

 09:40 UK

 1,106

63.40 pence

 09:40 UK

 256

63.40 pence

 09:40 UK

 5,823

63.40 pence

 09:40 UK

 3,878

63.40 pence

 09:40 UK

 967

63.40 pence

 09:40 UK

 1,260

63.40 pence

 09:40 UK

 1,928

63.40 pence

 09:40 UK

 2,370

63.40 pence

 09:40 UK

 330

63.40 pence

 09:40 UK

 5,159

63.40 pence

 09:40 UK

 12,429

63.40 pence

 09:40 UK

 3,836

63.40 pence

 09:40 UK

 286

63.40 pence

 09:40 UK

 445

63.40 pence

 09:40 UK

 3,836

63.40 pence

 09:40 UK

 530

63.40 pence

 09:40 UK

 578

63.40 pence

 09:40 UK

 111

63.40 pence

 09:40 UK

 1,000

63.40 pence

 09:40 UK

 788

63.40 pence

 09:42 UK

 96

63.40 pence

 10:01 UK

 25,000

63.00 pence

 10:21 UK

 22,060

63.00 pence

 10:21 UK

 2,940

63.00 pence

 10:21 UK

 15,001

62.60 pence

 10:32 UK

 8,905

62.60 pence

 10:32 UK

 1,094

62.60 pence

 10:32 UK

 25,000

62.00 pence

 10:58 UK

 

 

 

 

 
 
 
 

For further information please contact:

 

 Vertu Motors plc        Tel: 0191 491 2111

Robert Forrester, CEO
Tel: 0191 491 2112

Karen Anderson, CFO
                         Tel: 020 3829 5000

 Zeus Capital Limited

Jamie Peel

 Andrew Jones

 Dominic King
                         Tel: 020 3757 4983

 Camarco

 Billy Clegg

 Tom Huddart

 

 

Notes to Editors

Vertu Motors is the fifth largest automotive retailer in the UK with a network
of 154 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 150 franchised sales outlets and 4
non-franchised sales operations from 118 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)

 

 

 

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