Vertu Motors PLC Transaction in Own Shares (6462Z)
May 17 2023 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 6462Z
Vertu Motors PLC
17 May 2023
17 May 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 16 May 2023
it purchased 179,171 ordinary shares of 10p each in the Company
(the "Repurchased Shares"), pursuant to the share buyback
programme (the "Buyback Programme") that was announced on
10 May 2023, as follows (together the "Transaction"):
Date of purchase 16 May 2023
Number of ordinary shares purchased 179,171
Highest price paid per ordinary share 62 pence
Lowest price paid per ordinary share 60.5 pence
Volume weighted average price paid per ordinary share 61.2233 pence
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 348,264,938 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 ("Zeus"), are set out
below:
Schedule of Purchases:
Shares purchased: Vertu Motors plc (ISIN: GB00B1GK4645)
Date of purchases: 16 May 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
179,171 61.2233 London Stock Exchange
Individual transactions:
15,656 60.90 pence 08:00 UK
27,636 60.50 pence 08:05 UK
13,818 60.50 pence 08:05 UK
8,669 60.50 pence 08:06 UK
6,500 62.00 pence 10:35 UK
196 62.00 pence 10:35 UK
6 62.00 pence 10:35 UK
12,784 62.00 pence 11:30 UK
391 62.00 pence 11:30 UK
1,599 61.50 pence 12:45 UK
131 61.50 pence 14:31 UK
4,900 61.50 pence 15:01 UK
151 61.50 pence 15:01 UK
4 61.50 pence 15:01 UK
3,851 61.50 pence 15:01 UK
3,678 61.50 pence 15:01 UK
4,562 61.50 pence 15:07 UK
4,670 61.50 pence 15:18 UK
4,900 61.50 pence 15:18 UK
4,503 61.50 pence 15:18 UK
397 61.50 pence 15:18 UK
2,543 61.50 pence 15:18 UK
1,863 61.50 pence 15:18 UK
2,652 61.50 pence 15:22 UK
2,248 61.50 pence 15:22 UK
4,900 61.50 pence 15:23 UK
699 61.50 pence 15:23 UK
22 61.50 pence 15:23 UK
3,000 61.50 pence 15:23 UK
1,800 61.50 pence 15:23 UK
1,080 61.50 pence 15:23 UK
648 61.50 pence 15:38 UK
389 61.50 pence 15:42 UK
817 61.50 pence 15:48 UK
583 61.50 pence 15:48 UK
4,900 61.50 pence 15:48 UK
353 61.50 pence 15:48 UK
11 61.50 pence 15:48 UK
4,204 61.50 pence 15:48 UK
696 61.50 pence 15:48 UK
147 61.50 pence 15:51 UK
1,082 61.50 pence 15:58 UK
1,934 61.50 pence 16:00 UK
313 61.50 pence 16:03 UK
2,446 61.50 pence 16:03 UK
208 61.50 pence 16:03 UK
6 61.50 pence 16:03 UK
4,501 61.50 pence 16:03 UK
4,900 61.50 pence 16:04 UK
3,663 61.50 pence 16:04 UK
539 61.50 pence 16:11 UK
17 61.50 pence 16:11 UK
44 61.50 pence 16:20 UK
33 61.50 pence 16:20 UK
90 61.50 pence 16:28 UK
1,862 61.50 pence 16:28 UK
1 61.50 pence 16:29 UK
16 61.50 pence 16:35 UK
333 61.50 pence 16:35 UK
3,728 61.50 pence 16:35 UK
421 61.50 pence 16:35 UK
8 61.50 pence 16:35 UK
92 61.50 pence 16:35 UK
5 61.50 pence 16:35 UK
105 61.50 pence 16:35 UK
267 61.50 pence 16:35 UK
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Zeus (Nominated Adviser and Broker) Tel: +44 (0) 203 829 5000
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: +44 (0) 203 757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fourth largest automotive retailer in
the UK with a network of 189 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 185 franchised sales
outlets and 4 non-franchised sales operations from 141 locations
across the UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites - https://investors.vertumotors.com
/ www.vertucareers.com
Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk
/ www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk
/ www.vertumotorcyles.com
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END
POSUNORROSUVAUR
(END) Dow Jones Newswires
May 17, 2023 02:00 ET (06:00 GMT)
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