Vertu Motors PLC Transaction in Own Shares (2669A)

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RNS Number : 2669A

Vertu Motors PLC

23 May 2023

 
23 May 2023 
                                     Vertu Motors plc 
 
                            ("Vertu Motors" or the "Company") 
 
                                Transaction in Own Shares 
 
 
Vertu Motors plc (AIM: VTU) announces that on 22 May 2023 it 
  purchased 297,628 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                                               22 May 2023 
Number of ordinary shares purchased                            297,628 
Highest price paid per ordinary share                          64 pence 
Lowest price paid per ordinary share                           62.3 pence 
Volume weighted average price paid per ordinary share          63.4239 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 347,588,388 
 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:                22 May 2023 
 
Aggregate information: 
 
Aggregated Volume                 Volume-weighted              Venue 
                                   average price (pence) 
297,628                           63.4239                      London Stock Exchange 
 
 
Individual transactions: 
 
150,000                           64.00 pence                  08:08 UK 
 125                              63.00 pence                  12:42 UK 
 100,000                          63.00 pence                  12:49 UK 
 553                              62.30 pence                  15:07 UK 
 9,284                            62.30 pence                  15:07 UK 
 37,666                           62.55 pence                  15:28 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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May 23, 2023 02:00 ET (06:00 GMT)

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