TIDMVTU
RNS Number : 4824N
Vertu Motors PLC
01 June 2022
01 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 31 May 2022 , it
purchased 438,409 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 02 March 2022 as follows:
Date of purchase 31 May 2022
Number of ordinary shares purchased 438,409
Highest price paid per ordinary share 59.00 pence
Lowest price paid per ordinary share 58.50 pence
Volume weighted average price paid per ordinary 58.9030 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
354,520,321 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 May 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
438,409 58.9030 London Stock Exchange
Individual Transactions:
5,100 59.00 pence 08:20 UK
1,400 59.00 pence 08:20 UK
1,400 59.00 pence 08:20 UK
5,100 59.00 pence 08:20 UK
1,400 59.00 pence 08:20 UK
5,100 59.00 pence 08:20 UK
1,400 59.00 pence 08:20 UK
5,100 59.00 pence 08:20 UK
6,500 59.00 pence 08:20 UK
3,286 59.00 pence 08:20 UK
2,623 59.00 pence 08:20 UK
3,400 59.00 pence 08:42 UK
503 59.00 pence 11:33 UK
7,688 59.00 pence 11:44 UK
638 59.00 pence 12:32 UK
1,498 59.00 pence 12:45 UK
2,290 59.00 pence 12:45 UK
1,804 59.00 pence 12:45 UK
3,164 59.00 pence 12:45 UK
846 59.00 pence 12:45 UK
2,220 59.00 pence 12:45 UK
846 59.00 pence 12:45 UK
6,230 59.00 pence 13:58 UK
6,230 59.00 pence 13:58 UK
4,475 59.00 pence 13:58 UK
723 59.00 pence 13:58 UK
1,032 59.00 pence 13:58 UK
2,413 59.00 pence 13:58 UK
7,600 59.00 pence 15:49 UK
92,400 59.00 pence 15:49 UK
4,517 59.00 pence 15:49 UK
4,496 59.00 pence 15:49 UK
841 59.00 pence 15:49 UK
20,000 59.00 pence 15:49 UK
67,342 59.00 pence 15:49 UK
7,500 58.90 pence 14:48 UK
2,500 58.90 pence 14:48 UK
589 58.90 pence 16:06 UK
2,306 58.90 pence 16:06 UK
7,500 58.90 pence 16:15 UK
1,122 58.90 pence 16:15 UK
5,159 58.90 pence 16:15 UK
985 58.90 pence 16:15 UK
5,234 58.90 pence 16:15 UK
7,500 58.90 pence 16:15 UK
5,304 58.90 pence 16:15 UK
2,535 58.90 pence 16:17 UK
11,661 58.90 pence 16:21 UK
3,067 58.80 pence 15:49 UK
4,549 58.80 pence 15:49 UK
1,980 58.80 pence 15:49 UK
838 58.80 pence 15:49 UK
10,434 58.80 pence 15:49 UK
1,190 58.80 pence 15:49 UK
11,942 58.80 pence 15:56 UK
7,105 58.70 pence 15:57 UK
3,000 58.60 pence 16:12 UK
7,023 58.50 pence 11:44 UK
42,977 58.50 pence 11:44 UK
789 58.50 pence 13:58 UK
2,015 58.50 pence 13:59 UK
For further information please contact:
Vertu Motors plc
Robert Forrester, CEO Tel: 0191 491 2111
Karen Anderson, CFO Tel: 0191 491 2112
Zeus Capital Limited Tel: 020 3829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 160 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 156 franchised sales outlets and 4
non-franchised sales operations from 121 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
POSUAOARUWUVOUR
(END) Dow Jones Newswires
June 01, 2022 02:01 ET (06:01 GMT)
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