TIDMVTU
RNS Number : 9896Q
Vertu Motors PLC
02 November 2021
02 November 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 01 November 2021 ,
it purchased 313,937 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 01 November 2021
Number of ordinary shares purchased 313,937
Highest price paid per ordinary share 61.00 pence
Lowest price paid per ordinary share 61.00 pence
Volume weighted average price paid per ordinary 61.0000 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
364,651,748 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: 01 November 2021
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
313,937 61.00 London Stock Exchange
Individual
Transactions:
407 61.00 pence 14:30 UK
4,439 61.00 pence 14:35 UK
4,030 61.00 pence 14:35 UK
11,166 61.00 pence 15:22 UK
10,000 61.00 pence 15:22 UK
5,600 61.00 pence 15:22 UK
4,712 61.00 pence 15:22 UK
5,288 61.00 pence 15:45 UK
5,600 61.00 pence 15:45 UK
5,250 61.00 pence 15:45 UK
60 61.00 pence 15:45 UK
66 61.00 pence 15:45 UK
69 61.00 pence 15:45 UK
10,000 61.00 pence 15:45 UK
5,600 61.00 pence 15:45 UK
5,250 61.00 pence 15:45 UK
7,910 61.00 pence 15:45 UK
2,090 61.00 pence 15:45 UK
5,600 61.00 pence 15:45 UK
869 61.00 pence 15:45 UK
4,381 61.00 pence 15:46 UK
10,000 61.00 pence 15:46 UK
5,600 61.00 pence 15:46 UK
12,264 61.00 pence 15:46 UK
7,276 61.00 pence 15:46 UK
10,479 61.00 pence 15:46 UK
1,906 61.00 pence 15:46 UK
2,170 61.00 pence 15:46 UK
1,174 61.00 pence 15:46 UK
10,000 61.00 pence 15:46 UK
3,826 61.00 pence 15:46 UK
1,774 61.00 pence 15:46 UK
5,250 61.00 pence 15:46 UK
249 61.00 pence 15:46 UK
5,000 61.00 pence 15:46 UK
2,253 61.00 pence 15:47 UK
2,080 61.00 pence 15:49 UK
418 61.00 pence 15:50 UK
1,455 61.00 pence 15:50 UK
1,733 61.00 pence 15:52 UK
2,412 61.00 pence 15:52 UK
5,250 61.00 pence 15:52 UK
10,000 61.00 pence 15:52 UK
9,427 61.00 pence 15:52 UK
10,536 61.00 pence 15:52 UK
2,375 61.00 pence 15:52 UK
1,733 61.00 pence 15:53 UK
3,867 61.00 pence 15:53 UK
4,317 61.00 pence 15:53 UK
933 61.00 pence 15:55 UK
811 61.00 pence 15:55 UK
9,189 61.00 pence 15:55 UK
5,600 61.00 pence 15:55 UK
5,250 61.00 pence 15:55 UK
21 61.00 pence 15:55 UK
2,056 61.00 pence 15:55 UK
2,436 61.00 pence 15:55 UK
268 61.00 pence 15:55 UK
5,600 61.00 pence 15:56 UK
1,248 61.00 pence 15:56 UK
1,906 61.00 pence 15:57 UK
2,096 61.00 pence 15:58 UK
5,600 61.00 pence 15:58 UK
10,839 61.00 pence 15:58 UK
6,465 61.00 pence 15:58 UK
5,250 61.00 pence 16:00 UK
5,600 61.00 pence 16:00 UK
1,882 61.00 pence 16:00 UK
2,165 61.00 pence 16:16 UK
1,203 61.00 pence 16:18 UK
1,835 61.00 pence 16:18 UK
1,734 61.00 pence 16:23 UK
738 61.00 pence 16:25 UK
1 61.00 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 /
www.vertucareers.com
Vertu brand websites - www.vertumotors.com /
www.bristolstreet.co.uk / www.macklinmotors.co.uk /
www.vertumotorcycles.com
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END
POSUAUKRAOUARAA
(END) Dow Jones Newswires
November 02, 2021 03:00 ET (07:00 GMT)
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