Vertu Motors PLC Transaction in Own Shares (5375P)
June 21 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 5375P
Vertu Motors PLC
21 June 2022
21 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 20 June 2022 , it
purchased 128,111 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 20 June 2022
Number of ordinary shares purchased 128,111
Highest price paid per ordinary share 52.50 pence
Lowest price paid per ordinary share 51.80 pence
Volume weighted average price paid per ordinary 52.2714 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
351,564,208 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: 20 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
128,111 52.2714 London Stock Exchange
Individual Transactions:
1,590 52.00 pence 10:40 UK
1,477 52.00 pence 10:40 UK
1,232 52.00 pence 10:40 UK
5,713 52.00 pence 11:59 UK
13,469 52.00 pence 11:59 UK
594 52.00 pence 11:59 UK
925 52.00 pence 11:59 UK
2,300 51.80 pence 12:14 UK
3,084 51.80 pence 12:44 UK
2,400 51.80 pence 13:15 UK
2,668 51.80 pence 13:54 UK
2,142 51.80 pence 13:54 UK
2,700 52.00 pence 14:22 UK
7,500 52.50 pence 16:14 UK
827 52.50 pence 16:14 UK
521 52.50 pence 16:14 UK
3,966 52.50 pence 16:14 UK
424 52.50 pence 16:14 UK
115 52.50 pence 16:14 UK
434 52.50 pence 16:14 UK
4,343 52.50 pence 16:14 UK
884 52.50 pence 16:14 UK
8,848 52.50 pence 16:14 UK
4,213 52.50 pence 16:14 UK
463 52.50 pence 16:14 UK
4,635 52.50 pence 16:14 UK
884 52.50 pence 16:14 UK
8,848 52.50 pence 16:14 UK
8,848 52.50 pence 16:14 UK
3,764 52.50 pence 16:14 UK
2,000 52.40 pence 16:14 UK
7,706 52.40 pence 16:14 UK
76 52.00 pence 16:18 UK
3,044 52.00 pence 16:18 UK
6,364 52.00 pence 16:18 UK
152 52.40 pence 16:35 UK
113 52.40 pence 16:35 UK
1 52.40 pence 16:35 UK
3,132 52.40 pence 16:35 UK
76 52.40 pence 16:35 UK
57 52.40 pence 16:35 UK
1,290 52.40 pence 16:35 UK
178 52.40 pence 16:35 UK
1,259 52.40 pence 16:35 UK
678 52.40 pence 16:35 UK
231 52.40 pence 16:35 UK
409 52.40 pence 16:35 UK
237 52.40 pence 16:35 UK
164 52.40 pence 16:35 UK
7 52.40 pence 16:35 UK
284 52.40 pence 16:35 UK
842 52.40 pence 16:35 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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