Vertu Motors PLC Transaction in Own Shares (3530Q)
October 27 2021 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 3530Q
Vertu Motors PLC
27 October 2021
27 October 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 26 October 2021 ,
it purchased 438,908 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 26 October 2021
Number of ordinary shares purchased 438,908
Highest price paid per ordinary share 61.60 pence
Lowest price paid per ordinary share 61.20 pence
Volume weighted average price paid per ordinary 61.2810 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
365,394,940 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 October 2021
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
438,908 61.281 London Stock Exchange
Individual Transactions:
15,000 61.60 pence 11:43 UK
7,377 61.60 pence 11:43 UK
7,623 61.60 pence 12:26 UK
4,877 61.60 pence 12:26 UK
15,000 61.60 pence 12:26 UK
4,046 61.60 pence 13:36 UK
5,331 61.60 pence 13:40 UK
5,161 61.60 pence 13:43 UK
462 61.60 pence 13:43 UK
149 61.60 pence 13:43 UK
9,974 61.60 pence 13:43 UK
462 61.60 pence 13:43 UK
4,415 61.60 pence 14:17 UK
9,031 61.60 pence 14:17 UK
15,700 61.20 pence 14:19 UK
5,743 61.20 pence 14:36 UK
9,957 61.20 pence 14:36 UK
15,700 61.20 pence 14:36 UK
14,445 61.20 pence 14:36 UK
1,255 61.20 pence 14:36 UK
234 61.20 pence 14:36 UK
13,675 61.20 pence 14:45 UK
1,791 61.20 pence 14:45 UK
5,451 61.20 pence 14:53 UK
10,249 61.20 pence 15:27 UK
15,700 61.20 pence 15:27 UK
15,000 61.20 pence 15:34 UK
700 61.20 pence 15:34 UK
15,700 61.20 pence 15:36 UK
27,800 61.20 pence 15:36 UK
8,700 61.20 pence 15:37 UK
27,800 61.20 pence 15:37 UK
27,800 61.20 pence 15:37 UK
27,800 61.20 pence 15:37 UK
27,800 61.20 pence 15:37 UK
20,500 61.20 pence 15:40 UK
2,307 61.20 pence 15:52 UK
4,993 61.20 pence 15:55 UK
562 61.20 pence 15:55 UK
1,651 61.20 pence 15:55 UK
2,415 61.20 pence 16:03 UK
23,172 61.20 pence 16:06 UK
5,400 61.20 pence 16:06 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 /
www.vertucareers.com
Vertu brand websites - www.vertumotors.com /
www.bristolstreet.co.uk / www.macklinmotors.co.uk /
www.vertumotorcycles.com
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