Vertu Motors PLC Transaction in Own Shares (8510T)
November 29 2021 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 8510T
Vertu Motors PLC
29 November 2021
29 November 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 26 November 2021 ,
it purchased 169,257 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 05 November 2021 as follows:
Date of purchase 26 November 2021
Number of ordinary shares purchased 169,257
Highest price paid per ordinary share 60.00 pence
Lowest price paid per ordinary share 58.60 pence
Volume weighted average price paid per ordinary 59.2326 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
363,191,239 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 November 2021
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
169,257 59.2326 London Stock Exchange
Individual
Transactions:
11,212 59.60 pence 08:10 UK
900 59.80 pence 08:22 UK
3,840 59.80 pence 08:22 UK
715 59.80 pence 08:22 UK
8,788 59.40 pence 08:23 UK
12,274 59.20 pence 08:23 UK
15,711 59.00 pence 08:33 UK
4,210 59.00 pence 08:33 UK
5,000 60.00 pence 08:56 UK
3,080 60.00 pence 10:48 UK
3,420 60.00 pence 10:48 UK
5,094 60.00 pence 11:50 UK
3,157 59.80 pence 11:50 UK
394 59.80 pence 11:50 UK
3,336 60.00 pence 12:19 UK
3,647 60.00 pence 12:23 UK
9,855 59.80 pence 12:30 UK
4,210 59.00 pence 12:45 UK
162 59.00 pence 13:34 UK
4,210 59.00 pence 13:34 UK
3,733 59.00 pence 13:34 UK
4,210 59.00 pence 13:34 UK
3,602 59.00 pence 13:34 UK
608 59.00 pence 13:34 UK
1,119 59.00 pence 13:34 UK
553 59.00 pence 13:34 UK
2,217 59.00 pence 13:34 UK
10,000 58.80 pence 14:12 UK
264 58.80 pence 14:33 UK
4,736 58.80 pence 14:33 UK
10,000 58.60 pence 14:36 UK
2,212 58.80 pence 14:57 UK
2,788 58.80 pence 14:57 UK
10,000 58.60 pence 15:10 UK
1,906 59.00 pence 16:35 UK
6,582 59.00 pence 16:35 UK
803 59.00 pence 16:35 UK
638 59.00 pence 16:35 UK
71 59.00 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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