TIDMVTU
RNS Number : 5415O
Vertu Motors PLC
13 June 2022
13 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 10 June 2022 , it
purchased 348,603 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 10 June 2022
Number of ordinary shares purchased 348,603
Highest price paid per ordinary share 57.50 pence
Lowest price paid per ordinary share 56.50 pence
Volume weighted average price paid per ordinary 56.7851 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
352,718,009 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: 10 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
348,603 56.7851 London Stock Exchange
Individual Transactions:
12,404 57.50 pence 10:59 UK
1,456 57.20 pence 12:47 UK
600 57.20 pence 12:47 UK
792 57.20 pence 12:47 UK
4,360 57.20 pence 12:47 UK
6,600 57.20 pence 13:30 UK
2,433 57.20 pence 13:30 UK
1,666 57.20 pence 13:30 UK
300 57.20 pence 13:30 UK
2,495 57.20 pence 13:30 UK
4,572 57.20 pence 13:30 UK
4,523 57.20 pence 13:30 UK
7,346 57.20 pence 13:30 UK
1,687 57.20 pence 13:30 UK
150 57.20 pence 13:30 UK
9,033 57.20 pence 13:40 UK
967 57.20 pence 13:40 UK
1,020 57.20 pence 13:40 UK
8,177 56.80 pence 14:08 UK
1,507 56.80 pence 14:08 UK
6,670 56.80 pence 14:08 UK
8,177 56.80 pence 14:08 UK
548 56.80 pence 14:08 UK
1,064 56.80 pence 14:08 UK
5,352 56.80 pence 14:08 UK
1,761 56.80 pence 14:21 UK
2,242 56.80 pence 14:21 UK
5,935 56.80 pence 15:06 UK
5,935 56.80 pence 15:06 UK
2,242 56.80 pence 15:06 UK
4,065 56.80 pence 15:06 UK
4,112 56.80 pence 15:06 UK
4,112 56.80 pence 15:06 UK
4,065 56.80 pence 15:06 UK
47 56.80 pence 15:06 UK
5,623 56.80 pence 15:06 UK
2,554 56.80 pence 15:06 UK
1,368 56.80 pence 15:06 UK
6,809 56.80 pence 15:06 UK
2,736 56.80 pence 15:06 UK
8,177 56.80 pence 15:06 UK
967 56.80 pence 15:06 UK
7,210 56.80 pence 15:06 UK
6,648 56.80 pence 15:06 UK
1,529 56.80 pence 15:06 UK
1,499 56.80 pence 15:06 UK
3,656 56.80 pence 15:07 UK
2,429 56.80 pence 15:15 UK
2,092 56.80 pence 15:15 UK
275 56.80 pence 15:15 UK
350 56.80 pence 15:15 UK
1,796 56.80 pence 15:15 UK
1,533 56.80 pence 15:15 UK
1,997 56.80 pence 15:16 UK
2,226 56.80 pence 15:24 UK
480 56.80 pence 15:24 UK
3,596 56.80 pence 15:24 UK
79 56.80 pence 15:24 UK
1,530 56.80 pence 15:24 UK
2,849 56.80 pence 15:24 UK
123 56.80 pence 15:24 UK
3,858 56.80 pence 15:24 UK
8,829 56.50 pence 15:32 UK
8,829 56.50 pence 15:32 UK
8,829 56.50 pence 15:32 UK
355 56.50 pence 15:37 UK
563 56.50 pence 15:37 UK
62 56.50 pence 15:37 UK
4,703 56.50 pence 15:37 UK
186 56.50 pence 15:37 UK
2,960 56.50 pence 15:38 UK
8,829 56.50 pence 15:44 UK
541 56.50 pence 15:47 UK
318 56.50 pence 15:59 UK
319 56.50 pence 15:59 UK
242 56.50 pence 15:59 UK
100,000 56.60 pence 16:22 UK
194 56.50 pence 16:29 UK
219 56.50 pence 16:29 UK
220 56.50 pence 16:29 UK
1 56.50 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
POSURUNRUUUNAAR
(END) Dow Jones Newswires
June 13, 2022 02:00 ET (06:00 GMT)
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