Vertu Motors PLC Transaction in Own Shares (5238T)
November 25 2021 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 5238T
Vertu Motors PLC
25 November 2021
25 November 2021
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 24 November 2021 ,
it purchased 167,557 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 05 November 2021 as follows:
Date of purchase 24 November 2021
Number of ordinary shares purchased 167,557
Highest price paid per ordinary share 63.40 pence
Lowest price paid per ordinary share 62.00 pence
Volume weighted average price paid per ordinary 62.9524 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
363,410,234 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: 24 November 2021
Aggregate information:
Volume-weighted
average price
Aggregated Volume (pence) Venue
167,557 62.9524 London Stock Exchange
Individual
Transactions:
9 63.40 pence 08:00 UK
1 63.40 pence 08:00 UK
945 63.40 pence 09:35 UK
5,000 63.40 pence 09:35 UK
1,801 63.40 pence 09:40 UK
4,132 63.40 pence 09:40 UK
4,737 63.40 pence 09:40 UK
963 63.40 pence 09:40 UK
2,957 63.40 pence 09:40 UK
1,106 63.40 pence 09:40 UK
256 63.40 pence 09:40 UK
5,823 63.40 pence 09:40 UK
3,878 63.40 pence 09:40 UK
967 63.40 pence 09:40 UK
1,260 63.40 pence 09:40 UK
1,928 63.40 pence 09:40 UK
2,370 63.40 pence 09:40 UK
330 63.40 pence 09:40 UK
5,159 63.40 pence 09:40 UK
12,429 63.40 pence 09:40 UK
3,836 63.40 pence 09:40 UK
286 63.40 pence 09:40 UK
445 63.40 pence 09:40 UK
3,836 63.40 pence 09:40 UK
530 63.40 pence 09:40 UK
578 63.40 pence 09:40 UK
111 63.40 pence 09:40 UK
1,000 63.40 pence 09:40 UK
788 63.40 pence 09:42 UK
96 63.40 pence 10:01 UK
25,000 63.00 pence 10:21 UK
22,060 63.00 pence 10:21 UK
2,940 63.00 pence 10:21 UK
15,001 62.60 pence 10:32 UK
8,905 62.60 pence 10:32 UK
1,094 62.60 pence 10:32 UK
25,000 62.00 pence 10:58 UK
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Karen Anderson, CFO
Tel: 020 3829 5000
Zeus Capital Limited
Jamie Peel
Andrew Jones
Dominic King
Tel: 020 3757 4983
Camarco
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 154 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 150 franchised sales outlets and 4
non-franchised sales operations from 118 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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