Vertu Motors PLC Transaction in Own Shares (1838L)
September 09 2021 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 1838L
Vertu Motors PLC
09 September 2021
09 September 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 08 September 2021
, it purchased 253,637 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 08 September 2021
Number of ordinary shares purchased 253,637
Highest price paid per ordinary share 55.00 pence
Lowest price paid per ordinary share 54.30 pence
Volume weighted average price paid per ordinary 54.6661 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
367,771,484 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: 08 September 2021
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
253,637 54.6661 London Stock Exchange
Individual transactions:
1 54.40 pence 08:00 UK
3,500 54.40 pence 08:55 UK
125,000 55.00 pence 09:17 UK
15,503 54.40 pence 09:37 UK
2,619 54.40 pence 09:37 UK
1,000 54.40 pence 09:41 UK
1,000 54.40 pence 09:41 UK
180 54.40 pence 09:43 UK
2,994 54.40 pence 09:43 UK
87 54.40 pence 09:43 UK
23,116 54.40 pence 09:43 UK
1,865 54.40 pence 10:16 UK
1,772 54.40 pence 10:16 UK
75,000 54.30 pence 14:41 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
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END
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