Vertu Motors PLC Transaction in Own Shares (4091W)
December 12 2023 - 2:00AM
UK Regulatory
TIDMVTU
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
/ www.vertucareers.com
Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk
/ www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk
/ www.vertumotorcycles.com
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END
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(END) Dow Jones Newswires
December 12, 2023 02:00 ET (07:00 GMT)
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