TIDMVTU
RNS Number : 0747O
Vertu Motors PLC
08 June 2022
08 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 07 June 2022 , it
purchased 242,718 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 07 June 2022 as follows:
Date of purchase 07 June 2022
Number of ordinary shares purchased 242,718
Highest price paid per ordinary share 57.80 pence
Lowest price paid per ordinary share 57.00 pence
Volume weighted average price paid per ordinary 57.4046 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
353,874,603 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: 07 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
242,718 57.4046 London Stock Exchange
Individual Transactions:
4,878 57.00 pence 08:38 UK
1,778 57.00 pence 08:38 UK
11,770 57.00 pence 08:38 UK
8,918 57.00 pence 08:38 UK
11,538 57.00 pence 09:26 UK
8,462 57.80 pence 10:58 UK
4,591 57.80 pence 11:05 UK
2,097 57.80 pence 11:05 UK
2,234 57.80 pence 11:13 UK
2,669 57.80 pence 11:54 UK
1,998 57.80 pence 11:54 UK
6,002 57.80 pence 11:54 UK
1,998 57.80 pence 11:54 UK
2,920 57.80 pence 11:59 UK
4,200 57.80 pence 11:59 UK
1,291 57.80 pence 11:59 UK
11,522 57.50 pence 12:10 UK
11,522 57.50 pence 12:20 UK
4,682 57.50 pence 12:20 UK
6,840 57.50 pence 12:20 UK
434 57.50 pence 12:20 UK
12,442 57.50 pence 12:52 UK
12,442 57.50 pence 12:52 UK
2,920 57.50 pence 12:52 UK
9,522 57.50 pence 12:52 UK
5,277 57.50 pence 12:52 UK
7,165 57.50 pence 12:52 UK
5,277 57.50 pence 12:52 UK
4,450 57.50 pence 12:52 UK
5,505 57.50 pence 12:52 UK
6,055 57.30 pence 13:23 UK
18,165 57.30 pence 13:23 UK
3,556 57.30 pence 13:25 UK
2,499 57.30 pence 13:26 UK
1,107 57.30 pence 13:26 UK
3,740 57.30 pence 13:26 UK
2,315 57.30 pence 13:27 UK
1,705 57.30 pence 13:27 UK
5,473 57.30 pence 13:27 UK
118 57.30 pence 13:28 UK
464 57.30 pence 13:28 UK
464 57.30 pence 13:28 UK
148 57.30 pence 13:28 UK
4,191 57.30 pence 13:28 UK
7,200 57.00 pence 13:28 UK
4,103 57.00 pence 13:28 UK
2,133 57.60 pence 14:57 UK
1,938 57.60 pence 14:58 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
POSUBRARUSUNRUR
(END) Dow Jones Newswires
June 08, 2022 02:01 ET (06:01 GMT)
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