Vertu Motors PLC Transaction in Own Shares (6014Q)
June 29 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 6014Q
Vertu Motors PLC
29 June 2022
29 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 28 June 2022 , it
purchased 190,240 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 28 June 2022
Number of ordinary shares purchased 190,240
Highest price paid per ordinary share 57.00 pence
Lowest price paid per ordinary share 56.50 pence
Volume weighted average price paid per ordinary 56.9235 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
351,154,453 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: 28 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
190,240 56.9235 London Stock Exchange
Individual Transactions:
937 56.90 pence 08:48 UK
1,388 56.90 pence 08:48 UK
1,469 56.90 pence 08:48 UK
4,640 56.90 pence 08:48 UK
5,018 56.90 pence 08:48 UK
5,356 56.90 pence 08:48 UK
3,031 56.90 pence 08:48 UK
3,456 56.90 pence 08:48 UK
1,310 56.90 pence 08:48 UK
3,036 56.90 pence 08:48 UK
1,525 56.90 pence 09:52 UK
365 57.00 pence 11:10 UK
9,457 57.00 pence 11:11 UK
1,105 57.00 pence 11:12 UK
8,717 57.00 pence 11:22 UK
9,822 57.00 pence 11:23 UK
2,500 57.00 pence 11:23 UK
1,632 57.00 pence 11:25 UK
7,322 57.00 pence 11:25 UK
798 57.00 pence 11:25 UK
2,023 57.00 pence 11:25 UK
6,259 57.00 pence 11:25 UK
199 56.90 pence 11:30 UK
2,941 56.90 pence 11:30 UK
5,934 56.90 pence 11:30 UK
4,066 56.50 pence 11:30 UK
4,747 56.50 pence 11:30 UK
4,563 56.50 pence 11:31 UK
432 56.50 pence 11:31 UK
4,700 57.00 pence 14:29 UK
135 57.00 pence 14:30 UK
4,244 57.00 pence 14:30 UK
8,944 57.00 pence 14:30 UK
4,375 57.00 pence 15:49 UK
4,569 57.00 pence 15:49 UK
4,924 57.00 pence 15:49 UK
4,924 57.00 pence 15:49 UK
4,020 57.00 pence 15:49 UK
8,944 57.00 pence 15:49 UK
138 57.00 pence 15:49 UK
83 57.00 pence 15:49 UK
1,120 56.90 pence 16:13 UK
3,710 56.90 pence 16:13 UK
6,800 56.90 pence 16:18 UK
2,013 56.90 pence 16:18 UK
3,419 56.90 pence 16:18 UK
5,394 56.90 pence 16:18 UK
8,813 56.90 pence 16:18 UK
635 56.90 pence 16:18 UK
1,275 56.90 pence 16:18 UK
3,013 56.90 pence 16:19 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
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