TIDMVTU

RNS Number : 3997O

Vertu Motors PLC

10 June 2022

10 June 2022

Vertu Motors plc

("Vertu Motors" or the "Company")

Transaction in Own Shares

Vertu Motors plc (AIM: VTU) announces that on 09 June 2022 , it purchased 414,662 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                                   09 June 2022 
   Number of ordinary shares purchased                414,662 
   Highest price paid per ordinary share              58.30 pence 
   Lowest price paid per ordinary share               57.50 pence 
   Volume weighted average price paid per ordinary    57.9527 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 353,066,612 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:   09 June 2022 
 
 

Aggregate information:

 
 
              Volume-weighted 
 Aggregated    average price 
  Volume       (pence)          Venue 
 
   414,662    57.9527            London Stock Exchange 
 
 
Individual Transactions: 
   4,635   57.80 pence    08:02 UK 
  10,027   57.80 pence    08:02 UK 
     124   57.50 pence    08:29 UK 
     149   57.50 pence    08:29 UK 
     146   57.50 pence    08:29 UK 
   1,172   57.50 pence    08:34 UK 
   7,524   57.50 pence    08:34 UK 
   4,526   57.50 pence    08:34 UK 
   4,589   57.50 pence    08:34 UK 
   4,589   57.50 pence    08:34 UK 
   4,526   57.50 pence    08:34 UK 
   4,589   57.50 pence    08:34 UK 
   1,952   57.50 pence    08:34 UK 
   7,163   57.50 pence    08:35 UK 
   8,500   57.50 pence    08:35 UK 
     451   57.50 pence    08:35 UK 
   8,947   58.30 pence    13:07 UK 
   8,947   58.30 pence    13:08 UK 
   1,325   58.30 pence    13:08 UK 
   2,034   58.30 pence    13:08 UK 
   5,588   58.30 pence    13:08 UK 
   7,607   58.30 pence    13:08 UK 
   8,947   58.30 pence    13:08 UK 
   4,248   58.30 pence    13:08 UK 
   2,357   58.30 pence    13:08 UK 
     532   57.90 pence    13:45 UK 
   2,245   57.90 pence    14:07 UK 
   6,871   57.90 pence    14:07 UK 
     228   57.90 pence    14:07 UK 
   7,749   57.90 pence    14:07 UK 
     878   57.90 pence    14:07 UK 
     261   57.90 pence    14:07 UK 
     878   57.90 pence    14:07 UK 
     261   57.90 pence    14:07 UK 
   2,625   57.90 pence    14:07 UK 
   2,959   57.90 pence    14:07 UK 
   3,271   57.90 pence    14:43 UK 
   5,383   57.90 pence    14:43 UK 
   3,733   57.90 pence    14:43 UK 
     557   57.90 pence    14:43 UK 
   2,726   57.90 pence    14:43 UK 
   5,833   57.90 pence    14:43 UK 
   2,558   57.90 pence    14:43 UK 
     452   57.90 pence    14:43 UK 
   1,773   58.00 pence    15:51 UK 
     333   58.00 pence    15:51 UK 
     331   58.00 pence    15:51 UK 
      59   58.00 pence    15:51 UK 
   2,413   58.00 pence    15:59 UK 
   6,426   58.00 pence    15:59 UK 
   8,835   58.00 pence    15:59 UK 
       4   58.00 pence    15:59 UK 
   1,295   58.00 pence    15:59 UK 
   4,236   58.00 pence    15:59 UK 
     125   58.00 pence    15:59 UK 
     345   58.00 pence    15:59 UK 
   4,133   58.00 pence    16:00 UK 
   3,510   58.00 pence    16:00 UK 
   5,329   58.00 pence    16:00 UK 
   1,557   58.00 pence    16:00 UK 
   7,280   58.00 pence    16:00 UK 
       2   58.00 pence    16:01 UK 
     232   58.00 pence    16:01 UK 
   8,839   58.00 pence    16:01 UK 
   4,356   58.00 pence    16:01 UK 
   8,839   58.00 pence    16:01 UK 
   4,356   58.00 pence    16:01 UK 
   8,839   58.00 pence    16:01 UK 
   4,356   58.00 pence    16:01 UK 
   8,839   58.00 pence    16:01 UK 
     772   58.00 pence    16:01 UK 
   2,586   58.00 pence    16:01 UK 
     180   57.80 pence    16:02 UK 
   7,500   57.90 pence    16:02 UK 
   8,811   57.90 pence    16:02 UK 
   5,175   58.00 pence    16:16 UK 
   1,710   58.00 pence    16:16 UK 
   1,680   58.00 pence    16:16 UK 
     212   58.00 pence    16:16 UK 
   1,469   58.00 pence    16:16 UK 
   5,549   58.00 pence    16:16 UK 
   1,469   58.00 pence    16:16 UK 
   1,647   58.00 pence    16:16 UK 
   2,160   58.00 pence    16:16 UK 
   1,416   58.00 pence    16:16 UK 
   1,464   58.00 pence    16:16 UK 
   6,242   58.00 pence    16:16 UK 
   1,297   58.00 pence    16:17 UK 
   1,429   58.00 pence    16:17 UK 
   9,003   58.00 pence    16:21 UK 
      17   58.00 pence    16:21 UK 
   2,692   58.00 pence    16:21 UK 
   6,102   58.00 pence    16:21 UK 
   3,167   58.00 pence    16:21 UK 
   2,903   58.00 pence    16:21 UK 
   2,933   58.00 pence    16:21 UK 
   5,532   58.00 pence    16:21 UK 
   2,256   58.00 pence    16:21 UK 
   1,023   58.00 pence    16:21 UK 
   8,514   58.00 pence    16:21 UK 
     489   58.00 pence    16:21 UK 
   8,811   58.00 pence    16:22 UK 
     935   58.00 pence    16:22 UK 
   2,792   58.00 pence    16:22 UK 
   5,276   58.00 pence    16:22 UK 
   5,039   58.00 pence    16:22 UK 
   2,037   58.00 pence    16:22 UK 
     948   58.00 pence    16:22 UK 
   8,055   58.00 pence    16:22 UK 
   5,140   58.00 pence    16:22 UK 
   9,003   58.00 pence    16:22 UK 
   4,192   58.00 pence    16:22 UK 
   1,037   58.00 pence    16:22 UK 
   2,694   58.00 pence    16:22 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

POSUKVRRUOUNRUR

(END) Dow Jones Newswires

June 10, 2022 02:01 ET (06:01 GMT)

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