TIDMVTU
RNS Number : 7145O
Vertu Motors PLC
14 June 2022
14 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 13 June 2022 , it
purchased 350,876 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 13 June 2022
Number of ordinary shares purchased 350,876
Highest price paid per ordinary share 56.00 pence
Lowest price paid per ordinary share 54.00 pence
Volume weighted average price paid per ordinary 54.8678 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
352,367,133 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: 13 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
350,876 54.8678 London Stock Exchange
Individual Transactions:
7,870 56.00 pence 08:01 UK
3,006 56.00 pence 08:01 UK
20,000 55.50 pence 08:05 UK
20,000 55.50 pence 08:05 UK
3,053 55.30 pence 08:17 UK
7,947 55.30 pence 08:17 UK
11,000 55.30 pence 08:17 UK
7,947 55.30 pence 08:17 UK
2,000 55.30 pence 08:17 UK
1,053 55.30 pence 08:17 UK
15 55.30 pence 08:17 UK
11,000 55.30 pence 08:22 UK
5,985 55.30 pence 08:22 UK
8,400 55.00 pence 08:27 UK
8,400 55.00 pence 08:27 UK
5,498 55.00 pence 08:27 UK
8,400 55.00 pence 08:27 UK
19,302 55.00 pence 08:27 UK
2,660 55.00 pence 10:49 UK
1,840 55.00 pence 10:49 UK
20,500 55.00 pence 10:49 UK
1,462 55.00 pence 13:15 UK
1,595 55.00 pence 13:15 UK
2,982 55.00 pence 13:18 UK
961 55.00 pence 13:18 UK
1,330 55.00 pence 13:20 UK
1,329 55.00 pence 13:21 UK
1,330 55.00 pence 13:23 UK
1,755 55.00 pence 13:25 UK
1,256 55.00 pence 13:28 UK
638 55.00 pence 13:31 UK
1,329 55.00 pence 13:32 UK
1,329 55.00 pence 13:35 UK
1,595 55.00 pence 13:38 UK
1,329 55.00 pence 13:39 UK
780 55.00 pence 13:40 UK
161 55.00 pence 13:40 UK
36 55.00 pence 13:40 UK
396 55.00 pence 13:42 UK
1,462 55.00 pence 13:42 UK
5,106 55.00 pence 13:43 UK
1,329 55.00 pence 13:46 UK
2,659 55.00 pence 13:47 UK
654 55.00 pence 13:47 UK
2,358 55.00 pence 13:47 UK
1,216 55.00 pence 13:47 UK
7,000 55.00 pence 13:48 UK
1,004 55.00 pence 13:48 UK
2,123 54.50 pence 13:54 UK
1,329 54.50 pence 13:54 UK
21,548 54.50 pence 13:54 UK
1,312 54.50 pence 14:25 UK
1,329 54.50 pence 14:25 UK
8,859 54.50 pence 14:25 UK
11,500 54.50 pence 14:25 UK
2,925 54.50 pence 14:26 UK
1,861 54.50 pence 14:27 UK
1,728 54.50 pence 14:29 UK
2,660 54.50 pence 14:29 UK
1,329 54.50 pence 14:30 UK
997 54.50 pence 14:33 UK
1,728 54.50 pence 14:34 UK
1,329 54.50 pence 14:35 UK
1,861 54.50 pence 14:37 UK
1,329 54.50 pence 14:40 UK
1,462 54.50 pence 14:40 UK
2,710 54.50 pence 14:41 UK
1,081 54.50 pence 14:41 UK
4,000 54.50 pence 14:41 UK
2,863 54.30 pence 10:25 UK
2,756 54.00 pence 08:42 UK
1,595 54.00 pence 14:49 UK
1,406 54.00 pence 14:49 UK
2,659 54.00 pence 14:49 UK
1,440 54.00 pence 14:50 UK
1,784 54.00 pence 14:50 UK
1,595 54.00 pence 14:52 UK
1,994 54.00 pence 14:54 UK
1,727 54.00 pence 14:55 UK
2,659 54.00 pence 15:17 UK
1,329 54.00 pence 15:17 UK
1,728 54.00 pence 15:19 UK
1,384 54.00 pence 15:20 UK
959 54.00 pence 15:22 UK
1,706 54.00 pence 15:24 UK
1,462 54.00 pence 15:25 UK
2,660 54.00 pence 15:26 UK
313 54.00 pence 15:27 UK
1,329 54.00 pence 15:35 UK
1,750 54.00 pence 15:37 UK
2,740 54.00 pence 15:38 UK
1,281 54.00 pence 15:39 UK
1,601 54.00 pence 15:42 UK
1,462 54.00 pence 15:44 UK
2,739 54.00 pence 15:44 UK
1,298 54.00 pence 15:45 UK
586 54.00 pence 15:49 UK
1,595 54.00 pence 15:50 UK
4,919 54.00 pence 15:51 UK
300 54.00 pence 15:51 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
POSUOSNRUAUNAAR
(END) Dow Jones Newswires
June 14, 2022 02:00 ET (06:00 GMT)
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