Vertu Motors PLC Transaction in Own Shares (3998S)
July 14 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 3998S
Vertu Motors PLC
14 July 2022
14 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 13 July 2022 , it
purchased 159,771 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 July 2022
Number of ordinary shares purchased 159,771
Highest price paid per ordinary share 56.90 pence
Lowest price paid per ordinary share 55.90 pence
Volume weighted average price paid per ordinary 56.3656 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
349,966,232 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 July 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
159,771 56.3656 London Stock Exchange
1,666 56.90 pence 09:58 UK
3,173 56.90 pence 09:58 UK
9,561 56.90 pence 09:58 UK
415 56.90 pence 10:11 UK
3,996 56.90 pence 10:11 UK
4,324 56.90 pence 10:11 UK
3,996 56.90 pence 10:11 UK
8,735 56.90 pence 10:11 UK
3,984 56.90 pence 10:11 UK
980 56.90 pence 10:11 UK
3,170 56.90 pence 10:11 UK
2,300 56.40 pence 11:32 UK
13,471 56.40 pence 11:32 UK
1,316 56.30 pence 13:12 UK
2 56.30 pence 13:12 UK
969 56.30 pence 13:27 UK
2 56.30 pence 13:27 UK
8 56.30 pence 13:30 UK
2,000 56.30 pence 13:30 UK
82 56.30 pence 13:30 UK
4,366 56.30 pence 13:30 UK
3,037 56.30 pence 13:30 UK
5,708 56.30 pence 13:30 UK
5,708 56.30 pence 13:30 UK
3,037 56.30 pence 13:30 UK
3,037 56.30 pence 13:30 UK
2,519 56.30 pence 13:30 UK
423 56.30 pence 13:30 UK
2,766 56.30 pence 13:30 UK
1,182 56.30 pence 13:30 UK
4,600 56.30 pence 13:30 UK
2,963 56.30 pence 13:30 UK
2,963 56.30 pence 13:30 UK
3,312 56.30 pence 13:30 UK
38 56.00 pence 15:06 UK
8,312 56.00 pence 15:06 UK
336 56.00 pence 15:06 UK
1,307 56.00 pence 15:06 UK
4,700 56.00 pence 15:06 UK
2,007 56.00 pence 15:06 UK
2,007 56.00 pence 15:06 UK
4,457 56.00 pence 15:06 UK
892 56.00 pence 15:06 UK
944 56.00 pence 15:07 UK
73 55.90 pence 15:59 UK
119 55.90 pence 15:59 UK
598 55.90 pence 16:00 UK
5,710 55.90 pence 16:13 UK
5,857 55.90 pence 16:13 UK
643 55.90 pence 16:13 UK
5,712 55.90 pence 16:13 UK
1,308 55.90 pence 16:13 UK
841 55.90 pence 16:13 UK
41 55.90 pence 16:13 UK
4,098 55.90 pence 16:13 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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July 14, 2022 02:00 ET (06:00 GMT)
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