Vertu Motors PLC Transaction in Own Shares (6864T)
July 26 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 6864T
Vertu Motors PLC
26 July 2022
26 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 25 July 2022 , it
purchased 88,125 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 25 July 2022
Number of ordinary shares purchased 88,125
Highest price paid per ordinary share 58.00 pence
Lowest price paid per ordinary share 57.70 pence
Volume weighted average price paid per ordinary 57.8387 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
349,295,642 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: 25 July 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
88,125 57.8387 London Stock Exchange
Individual Transactions:
4,545 58.00 pence 08:07 UK
3,580 58.00 pence 08:07 UK
4,960 57.70 pence 14:25 UK
1,894 57.70 pence 14:30 UK
1,995 57.70 pence 14:30 UK
8,849 57.70 pence 14:50 UK
8,849 57.70 pence 14:50 UK
3,453 57.70 pence 14:50 UK
4,322 57.70 pence 16:20 UK
858 57.70 pence 16:20 UK
2,082 57.70 pence 16:20 UK
492 57.70 pence 16:20 UK
1,134 57.70 pence 16:20 UK
366 57.70 pence 16:20 UK
865 57.70 pence 16:21 UK
2,478 57.70 pence 16:23 UK
865 57.70 pence 16:23 UK
865 57.70 pence 16:24 UK
865 57.70 pence 16:25 UK
864 57.70 pence 16:28 UK
1,318 57.70 pence 16:29 UK
874 58.00 pence 16:35 UK
10,431 58.00 pence 16:35 UK
1,458 58.00 pence 16:35 UK
1,875 58.00 pence 16:35 UK
1,042 58.00 pence 16:35 UK
898 58.00 pence 16:35 UK
198 58.00 pence 16:35 UK
198 58.00 pence 16:35 UK
573 58.00 pence 16:35 UK
87 58.00 pence 16:35 UK
1 58.00 pence 16:35 UK
8,119 58.00 pence 16:35 UK
6,872 58.00 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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