REG - Vertu Motors PLC - Transaction in Own Shares

Vertu MotorsAnnouncement

29/11/2021 07:00

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RNS Number : 8510T  Vertu Motors PLC  29 November 2021

29 November 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 26 November 2021, it purchased
169,257 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                                       26 November 2021
 Number of ordinary shares purchased                    169,257
 Highest price paid per ordinary share                  60.00 pence
 Lowest price paid per ordinary share                   58.60 pence
 Volume weighted average price paid per ordinary share  59.2326 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 363,191,239 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:                  26 November 2021

 

Aggregate information:

 

 Aggregated Volume  Volume-weighted average price (pence)  Venue
 169,257            59.2326                                London Stock Exchange

 

 

 Individual Transactions:
        11,212    59.60 pence   08:10 UK
         900      59.80 pence   08:22 UK
         3,840    59.80 pence   08:22 UK
         715      59.80 pence   08:22 UK
         8,788    59.40 pence   08:23 UK
         12,274   59.20 pence   08:23 UK
         15,711   59.00 pence   08:33 UK
         4,210    59.00 pence   08:33 UK
         5,000    60.00 pence   08:56 UK
         3,080    60.00 pence   10:48 UK
         3,420    60.00 pence   10:48 UK
         5,094    60.00 pence   11:50 UK
         3,157    59.80 pence   11:50 UK
         394      59.80 pence   11:50 UK
         3,336    60.00 pence   12:19 UK
         3,647    60.00 pence   12:23 UK
         9,855    59.80 pence   12:30 UK
         4,210    59.00 pence   12:45 UK
         162      59.00 pence   13:34 UK
         4,210    59.00 pence   13:34 UK
         3,733    59.00 pence   13:34 UK
         4,210    59.00 pence   13:34 UK
         3,602    59.00 pence   13:34 UK
         608      59.00 pence   13:34 UK
         1,119    59.00 pence   13:34 UK
         553      59.00 pence   13:34 UK
         2,217    59.00 pence   13:34 UK
         10,000   58.80 pence   14:12 UK
         264      58.80 pence   14:33 UK
         4,736    58.80 pence   14:33 UK
         10,000   58.60 pence   14:36 UK
         2,212    58.80 pence   14:57 UK
         2,788    58.80 pence   14:57 UK
         10,000   58.60 pence   15:10 UK
         1,906    59.00 pence   16:35 UK
         6,582    59.00 pence   16:35 UK
         803      59.00 pence   16:35 UK
         638      59.00 pence   16:35 UK
         71       59.00 pence   16:35 UK

 11,212    59.60 pence   08:10 UK
  900      59.80 pence   08:22 UK
  3,840    59.80 pence   08:22 UK
  715      59.80 pence   08:22 UK
  8,788    59.40 pence   08:23 UK
  12,274   59.20 pence   08:23 UK
  15,711   59.00 pence   08:33 UK
  4,210    59.00 pence   08:33 UK
  5,000    60.00 pence   08:56 UK
  3,080    60.00 pence   10:48 UK
  3,420    60.00 pence   10:48 UK
  5,094    60.00 pence   11:50 UK
  3,157    59.80 pence   11:50 UK
  394      59.80 pence   11:50 UK
  3,336    60.00 pence   12:19 UK
  3,647    60.00 pence   12:23 UK
  9,855    59.80 pence   12:30 UK
  4,210    59.00 pence   12:45 UK
  162      59.00 pence   13:34 UK
  4,210    59.00 pence   13:34 UK
  3,733    59.00 pence   13:34 UK
  4,210    59.00 pence   13:34 UK
  3,602    59.00 pence   13:34 UK
  608      59.00 pence   13:34 UK
  1,119    59.00 pence   13:34 UK
  553      59.00 pence   13:34 UK
  2,217    59.00 pence   13:34 UK
  10,000   58.80 pence   14:12 UK
  264      58.80 pence   14:33 UK
  4,736    58.80 pence   14:33 UK
  10,000   58.60 pence   14:36 UK
  2,212    58.80 pence   14:57 UK
  2,788    58.80 pence   14:57 UK
  10,000   58.60 pence   15:10 UK
  1,906    59.00 pence   16:35 UK
  6,582    59.00 pence   16:35 UK
  803      59.00 pence   16:35 UK
  638      59.00 pence   16:35 UK
  71       59.00 pence   16:35 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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