Vertu Motors PLC Transaction in Own Shares (5734S)
July 15 2022 - 2:00AM
UK Regulatory
TIDMVTU
RNS Number : 5734S
Vertu Motors PLC
15 July 2022
15 July 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 14 July 2022 , it
purchased 129,730 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 14 July 2022
Number of ordinary shares purchased 129,730
Highest price paid per ordinary share 55.80 pence
Lowest price paid per ordinary share 54.70 pence
Volume weighted average price paid per ordinary 55.4039 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
349,836,502 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: 14 July 2022
Aggregate information:
Volume-weighted average
Aggregated Volume price (pence) Venue
129,730 55.4039 London Stock Exchange
Individual Transactions:
6,589 55.80 pence 09:28 UK
2,823 55.80 pence 09:28 UK
588 55.80 pence 09:28 UK
1,120 55.80 pence 09:28 UK
3,500 55.80 pence 09:28 UK
4,764 55.80 pence 09:28 UK
616 55.80 pence 09:28 UK
10,000 55.80 pence 09:28 UK
10,000 55.80 pence 09:28 UK
2,000 55.40 pence 09:35 UK
2 55.40 pence 09:54 UK
10,000 55.40 pence 11:34 UK
593 55.40 pence 11:34 UK
2,148 55.40 pence 11:34 UK
8,817 55.00 pence 11:34 UK
544 55.00 pence 11:34 UK
733 55.00 pence 11:34 UK
7,540 55.00 pence 11:34 UK
3,549 55.00 pence 11:59 UK
8,817 55.00 pence 11:59 UK
1,784 55.80 pence 14:21 UK
2 55.80 pence 14:21 UK
124 55.80 pence 14:21 UK
5,800 55.80 pence 14:33 UK
1,154 55.80 pence 14:33 UK
2,615 55.80 pence 14:33 UK
2,272 55.80 pence 14:33 UK
6,249 55.80 pence 14:33 UK
13,753 55.00 pence 15:03 UK
27 55.00 pence 15:03 UK
6,220 55.00 pence 15:03 UK
48 54.70 pence 16:29 UK
222 54.70 pence 16:29 UK
168 54.70 pence 16:29 UK
243 54.70 pence 16:29 UK
54 54.70 pence 16:29 UK
5 54.70 pence 16:29 UK
301 54.70 pence 16:35 UK
545 54.70 pence 16:35 UK
1 54.70 pence 16:35 UK
3,400 54.70 pence 16:35 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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