TIDMVTU
RNS Number : 0547P
Vertu Motors PLC
16 June 2022
16 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 15 June 2022 , it
purchased 222,419 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 15 June 2022
Number of ordinary shares purchased 222,419
Highest price paid per ordinary share 55.00 pence
Lowest price paid per ordinary share 53.60 pence
Volume weighted average price paid per ordinary 54.3076 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
351,910,626 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: 15 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
222,419 54.3076 London Stock Exchange
Individual Transactions:
2,299 54.50 pence 09:02 UK
3,334 55.00 pence 10:09 UK
2,538 55.00 pence 10:09 UK
4,128 55.00 pence 10:09 UK
3,327 55.00 pence 10:10 UK
1,993 55.00 pence 10:10 UK
739 55.00 pence 10:10 UK
393 55.00 pence 10:10 UK
8,548 55.00 pence 10:10 UK
790 55.00 pence 10:10 UK
1,965 54.50 pence 10:24 UK
120 54.50 pence 10:24 UK
621 54.50 pence 10:24 UK
678 54.50 pence 10:24 UK
207 54.50 pence 10:24 UK
739 54.50 pence 10:24 UK
1,354 54.60 pence 11:13 UK
1,855 54.60 pence 11:13 UK
1,086 54.30 pence 12:30 UK
1,914 54.30 pence 12:30 UK
7,000 54.30 pence 12:30 UK
1,730 54.60 pence 12:36 UK
7,000 54.60 pence 12:36 UK
752 54.60 pence 12:36 UK
518 54.60 pence 12:36 UK
2,659 54.50 pence 12:51 UK
270 54.50 pence 12:51 UK
227 54.50 pence 12:51 UK
916 54.50 pence 13:07 UK
916 54.50 pence 13:12 UK
5,012 54.50 pence 13:12 UK
2,425 54.50 pence 13:12 UK
8,488 54.50 pence 13:12 UK
984 54.50 pence 13:19 UK
2,759 54.50 pence 13:22 UK
344 54.50 pence 13:22 UK
5,509 54.50 pence 13:22 UK
3,491 54.50 pence 13:23 UK
2,777 54.50 pence 13:24 UK
3,566 54.50 pence 13:39 UK
2,175 54.40 pence 13:42 UK
825 54.40 pence 13:42 UK
29 54.40 pence 13:43 UK
2,398 54.00 pence 13:56 UK
486 54.00 pence 13:58 UK
2,721 54.00 pence 14:01 UK
1,186 54.00 pence 14:08 UK
531 54.00 pence 14:15 UK
1,392 54.00 pence 14:17 UK
2,218 54.00 pence 14:21 UK
2,071 54.00 pence 14:22 UK
2,838 54.40 pence 14:39 UK
4,025 54.40 pence 14:39 UK
2,975 54.40 pence 14:39 UK
813 54.40 pence 14:39 UK
2,466 54.40 pence 14:39 UK
1,883 54.40 pence 14:39 UK
2,538 54.40 pence 14:40 UK
779 54.40 pence 14:40 UK
787 54.40 pence 14:40 UK
497 54.40 pence 14:40 UK
399 54.40 pence 14:40 UK
1,508 54.40 pence 14:41 UK
1,460 54.40 pence 14:41 UK
640 54.40 pence 14:41 UK
2,175 54.40 pence 14:41 UK
294 54.40 pence 14:41 UK
551 54.40 pence 14:41 UK
10,900 54.40 pence 14:45 UK
1,293 54.00 pence 14:58 UK
2,792 54.00 pence 14:59 UK
2,127 54.00 pence 14:59 UK
1,524 54.00 pence 15:03 UK
1,675 54.00 pence 15:06 UK
4,688 54.00 pence 15:06 UK
3,788 54.00 pence 15:06 UK
6,212 54.00 pence 15:06 UK
4,184 54.00 pence 15:07 UK
6,212 54.00 pence 15:07 UK
2,991 54.00 pence 15:07 UK
3,081 54.00 pence 15:07 UK
3,221 54.00 pence 15:07 UK
2,297 54.00 pence 15:12 UK
803 54.00 pence 15:12 UK
6,000 54.00 pence 15:12 UK
1,644 53.60 pence 15:58 UK
882 53.60 pence 15:58 UK
2,792 53.60 pence 15:59 UK
913 53.60 pence 16:03 UK
2,736 53.60 pence 16:17 UK
7,538 53.60 pence 16:21 UK
3,495 53.60 pence 16:21 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
POSUVAWRUVUNAAR
(END) Dow Jones Newswires
June 16, 2022 02:00 ET (06:00 GMT)
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