TIDMVTU
RNS Number : 2403O
Vertu Motors PLC
09 June 2022
09 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 08 June 2022 , it
purchased 393,329 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 08 June 2022
Number of ordinary shares purchased 393,329
Highest price paid per ordinary share 58.00 pence
Lowest price paid per ordinary share 57.20 pence
Volume weighted average price paid per ordinary 57.8425 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
353,481,274 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: 08 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
393,329 57.8425 London Stock Exchange
Individual Transactions:
300 57.60 pence 08:00 UK
51 57.60 pence 08:00 UK
7,242 57.60 pence 08:00 UK
1,717 57.60 pence 08:11 UK
5,876 57.60 pence 08:13 UK
103 57.60 pence 08:13 UK
1,381 57.60 pence 08:13 UK
8,000 58.00 pence 09:05 UK
3,308 58.00 pence 09:12 UK
827 58.00 pence 09:12 UK
6,027 58.00 pence 09:14 UK
2,800 58.00 pence 09:15 UK
8,800 58.00 pence 09:15 UK
6,159 58.00 pence 09:16 UK
27 58.00 pence 09:16 UK
3,480 58.00 pence 09:16 UK
572 58.00 pence 09:16 UK
8,677 57.60 pence 09:16 UK
4,452 57.60 pence 09:17 UK
1,036 57.60 pence 09:17 UK
336 57.60 pence 09:17 UK
1,294 57.60 pence 10:42 UK
25,000 57.75 pence 11:31 UK
1,502 57.60 pence 11:42 UK
57 57.60 pence 11:42 UK
2,650 57.60 pence 11:42 UK
4,209 57.60 pence 11:42 UK
4,209 57.60 pence 11:42 UK
1,818 57.60 pence 11:42 UK
2,803 57.60 pence 11:42 UK
1,559 57.60 pence 11:42 UK
595 57.60 pence 11:42 UK
340 57.60 pence 11:42 UK
3,380 57.60 pence 11:42 UK
1,083 57.60 pence 11:42 UK
4,053 57.20 pence 11:42 UK
854 57.30 pence 12:33 UK
9,122 57.30 pence 12:33 UK
702 57.30 pence 12:33 UK
1,990 57.30 pence 12:33 UK
1,794 57.30 pence 12:33 UK
1,076 57.30 pence 12:33 UK
3,560 57.30 pence 12:33 UK
2,674 57.70 pence 13:54 UK
6,169 57.70 pence 13:54 UK
3,135 57.70 pence 13:54 UK
2,290 57.70 pence 14:35 UK
2,581 57.70 pence 14:35 UK
9,226 57.80 pence 16:14 UK
2,917 57.80 pence 16:20 UK
2,474 57.90 pence 16:26 UK
6,752 57.90 pence 16:26 UK
2,006 57.90 pence 16:26 UK
7,220 57.90 pence 16:26 UK
18,327 57.90 pence 16:27 UK
9,226 57.90 pence 16:27 UK
4,149 57.90 pence 16:27 UK
4,887 57.90 pence 16:27 UK
190 57.90 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
869 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
719 58.00 pence 16:28 UK
12,146 58.00 pence 16:28 UK
3,332 57.90 pence 16:28 UK
9,226 57.90 pence 16:28 UK
3,877 57.90 pence 16:28 UK
1,267 57.90 pence 16:28 UK
3,811 57.90 pence 16:29 UK
5,988 57.90 pence 16:29 UK
271 57.90 pence 16:29 UK
4,381 57.90 pence 16:29 UK
2,132 57.90 pence 16:29 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
POSUWUARUOUNRUR
(END) Dow Jones Newswires
June 09, 2022 02:02 ET (06:02 GMT)
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