TIDMVTU
RNS Number : 8713O
Vertu Motors PLC
15 June 2022
15 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 14 June 2022 , it
purchased 234,088 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 14 June 2022
Number of ordinary shares purchased 234,088
Highest price paid per ordinary share 55.50 pence
Lowest price paid per ordinary share 54.00 pence
Volume weighted average price paid per ordinary 54.5287 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
352,133,045 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: 14 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
234,088 54.5287 London Stock Exchange
Individual Transactions:
2,550 54.00 pence 08:33 UK
6,000 54.00 pence 09:03 UK
6,997 54.00 pence 09:03 UK
4,695 54.00 pence 09:03 UK
2,601 54.00 pence 09:03 UK
9,880 54.00 pence 09:03 UK
948 54.00 pence 09:03 UK
417 54.00 pence 09:03 UK
3,555 54.00 pence 10:36 UK
8,445 54.00 pence 10:36 UK
2,600 54.00 pence 11:20 UK
2,203 54.00 pence 11:20 UK
9,400 54.00 pence 11:20 UK
1,963 54.00 pence 11:20 UK
1,000 54.00 pence 11:20 UK
6,400 54.00 pence 11:30 UK
2,637 54.00 pence 11:30 UK
2,804 54.00 pence 11:33 UK
2,727 54.00 pence 11:46 UK
2,872 54.00 pence 11:59 UK
2,549 54.00 pence 12:11 UK
845 54.00 pence 12:11 UK
7,232 54.00 pence 12:16 UK
2,550 54.00 pence 12:33 UK
2,787 54.00 pence 12:45 UK
1,895 54.00 pence 12:56 UK
2,100 54.00 pence 13:14 UK
2,705 54.00 pence 13:25 UK
2,427 54.00 pence 13:34 UK
2,813 54.00 pence 13:47 UK
2,549 54.00 pence 14:06 UK
710 54.50 pence 14:22 UK
2,804 54.50 pence 14:23 UK
3,004 54.50 pence 14:40 UK
18,482 54.50 pence 14:40 UK
2,549 54.50 pence 14:50 UK
393 54.50 pence 14:50 UK
2,901 54.50 pence 14:51 UK
2,000 54.50 pence 14:52 UK
757 54.60 pence 15:39 UK
2,776 54.60 pence 15:39 UK
451 54.90 pence 15:45 UK
7,000 54.90 pence 15:45 UK
2,549 54.90 pence 15:45 UK
8,331 55.10 pence 15:52 UK
2,669 55.10 pence 15:52 UK
9,000 55.10 pence 15:52 UK
587 55.10 pence 15:52 UK
5,979 55.10 pence 15:52 UK
10,000 55.00 pence 16:16 UK
1,810 55.20 pence 16:17 UK
767 55.20 pence 16:17 UK
1,480 55.20 pence 16:17 UK
5,943 55.20 pence 16:17 UK
20,000 55.50 pence 16:17 UK
2,607 55.50 pence 16:21 UK
7,393 55.50 pence 16:24 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
POSUSVVRUUUNAAR
(END) Dow Jones Newswires
June 15, 2022 02:00 ET (06:00 GMT)
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