Vertu Motors PLC Transaction in Own Shares (6359A)

TIDMVTU

RNS Number : 6359A

Vertu Motors PLC

25 May 2023

 
25 May 2023 
                                      Vertu Motors plc 
 
                             ("Vertu Motors" or the "Company") 
 
                                 Transaction in Own Shares 
 
 
Vertu Motors plc (AIM: VTU) announces that on 24 May 2023 it 
  purchased 315,088 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                                                 24 May 2023 
Number of ordinary shares purchased                              315,088 
Highest price paid per ordinary share                            62.5 pence 
Lowest price paid per ordinary share                             62 pence 
Volume weighted average price paid per ordinary share            62.4919 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 346,962,475 
 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:                 24 May 2023 
 
Aggregate information: 
 
Aggregated Volume                  Volume-weighted               Venue 
                                    average price (pence) 
315,088                            62.4919                       London Stock Exchange 
 
 
Individual transactions: 
 
200,000                            62.50 pence                   09:44 UK 
 50,000                            62.50 pence                   11:43 UK 
 4,889                             62.00 pence                   12:17 UK 
 193                               62.00 pence                   12:17 UK 
 6                                 62.00 pence                   12:17 UK 
 60,000                            62.50 pence                   16:12 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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