Vertu Motors PLC Transaction in Own Shares (3032K)
September 01 2021 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 3032K
Vertu Motors PLC
01 September 2021
01 September 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 31 August 2021 ,
it purchased 197,674 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 20 August 2021 as follows:
Date of purchase 31 August 2021
Number of ordinary shares purchased 197,674
Highest price paid per ordinary share 54.00 pence
Lowest price paid per ordinary share 52.00 pence
Volume weighted average price paid per ordinary 53.2463 pence
share
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
368,593,008 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: 31 August 2021
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
197,674 53.2463 London Stock Exchange
Individual transactions:
6,500 52.00 pence 09:41 UK
1,384 52.00 pence 09:50 UK
4,781 52.00 pence 10:04 UK
335 52.00 pence 10:09 UK
1,384 52.00 pence 10:15 UK
1,466 52.00 pence 10:17 UK
29,113 52.00 pence 10:18 UK
3,650 52.00 pence 10:18 UK
1,527 52.00 pence 10:41 UK
13,803 53.00 pence 11:24 UK
1,488 53.00 pence 11:24 UK
17 53.00 pence 11:24 UK
1,088 53.00 pence 11:24 UK
4,008 53.00 pence 11:24 UK
359 53.00 pence 11:24 UK
1,139 53.00 pence 11:24 UK
756 53.00 pence 11:24 UK
102 53.00 pence 11:24 UK
980 53.00 pence 11:24 UK
280 53.00 pence 11:24 UK
980 53.00 pence 11:24 UK
2,534 53.00 pence 13:51 UK
1,426 52.40 pence 14:01 UK
1,622 54.00 pence 14:35 UK
1,437 54.00 pence 14:35 UK
2,990 54.00 pence 14:35 UK
2,525 54.00 pence 14:35 UK
1,448 53.00 pence 15:09 UK
1,960 53.00 pence 15:09 UK
1,389 53.00 pence 15:10 UK
628 53.00 pence 15:12 UK
432 53.00 pence 15:12 UK
4,143 53.00 pence 15:12 UK
2,500 53.00 pence 15:13 UK
942 53.00 pence 15:14 UK
942 53.00 pence 15:14 UK
4,656 53.70 pence 15:50 UK
1,412 53.70 pence 15:51 UK
1,616 53.40 pence 16:04 UK
508 53.40 pence 16:04 UK
88 53.40 pence 16:04 UK
1,447 53.40 pence 16:06 UK
1,265 54.00 pence 16:13 UK
4,624 54.00 pence 16:13 UK
1,434 54.00 pence 16:16 UK
4 54.00 pence 16:16 UK
8,562 54.00 pence 16:16 UK
53 54.00 pence 16:16 UK
2,500 53.80 pence 16:29 UK
67,447 54.00 pence 16:38 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 155 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 151 franchised sales outlets and 4
non-franchised sales operations from 116 locations across the
UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites - www.vertucareers.com
Vertu brand websites - www.vertumotors.com /
www.bristolstreet.co.uk / www.macklinmotors.co.uk
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