Vertu Motors PLC Transaction in Own Shares (8257T)
July 27 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 8257T
Vertu Motors PLC
27 July 2022
27 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 26 July 2022 , it
purchased 136,284 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 26 July 2022
Number of ordinary shares purchased 136,284
Highest price paid per ordinary share 58.00 pence
Lowest price paid per ordinary share 57.50 pence
Volume weighted average price paid per ordinary 57.7894 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
349,159,358 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: 26 July 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
136,284 57.7894 London Stock Exchange
Individual Transactions:
167 57.70 pence 09:46 UK
2,920 57.70 pence 09:46 UK
2,920 57.70 pence 09:48 UK
190 57.70 pence 09:51 UK
100 57.70 pence 09:52 UK
2,168 57.70 pence 09:52 UK
2,698 57.70 pence 09:52 UK
5,121 57.70 pence 09:52 UK
1,079 57.50 pence 10:44 UK
2,920 57.50 pence 10:55 UK
2,920 57.50 pence 11:01 UK
1,913 57.50 pence 11:31 UK
77 57.50 pence 11:31 UK
4,207 57.50 pence 11:31 UK
1,458 57.50 pence 11:31 UK
3,167 57.50 pence 11:34 UK
333 57.50 pence 11:34 UK
1,926 57.50 pence 11:46 UK
8,713 57.70 pence 14:29 UK
997 57.70 pence 14:29 UK
2,920 57.70 pence 14:29 UK
908 57.70 pence 14:33 UK
3,888 57.70 pence 14:33 UK
4,796 57.70 pence 14:33 UK
1,365 57.70 pence 14:33 UK
131 57.70 pence 14:33 UK
2,920 58.00 pence 15:02 UK
1,734 58.00 pence 15:07 UK
4,300 58.00 pence 15:12 UK
1,046 58.00 pence 15:14 UK
517 58.00 pence 15:14 UK
1,357 58.00 pence 15:14 UK
957 58.00 pence 15:27 UK
24,300 58.00 pence 15:27 UK
7,686 58.00 pence 15:33 UK
2,314 58.00 pence 15:33 UK
27 57.70 pence 15:59 UK
27 57.70 pence 15:59 UK
7 57.70 pence 15:59 UK
8 57.70 pence 15:59 UK
449 57.70 pence 16:00 UK
764 57.70 pence 16:04 UK
855 57.70 pence 16:04 UK
4,315 57.70 pence 16:11 UK
1,583 57.70 pence 16:21 UK
1,103 57.80 pence 16:28 UK
770 57.80 pence 16:29 UK
14 57.80 pence 16:29 UK
52 57.80 pence 16:29 UK
8,061 57.80 pence 16:29 UK
10,000 57.80 pence 16:29 UK
416 57.80 pence 16:29 UK
700 57.70 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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END
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July 27, 2022 02:00 ET (06:00 GMT)
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