Vertu Motors PLC Transaction in Own Shares (2551W)
11 December 2023 - 6:00PM
UK Regulatory
TIDMVTU
RNS Number : 2551W
Vertu Motors PLC
11 December 2023
11 December 2023
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 8 December 2023
it purchased 370,403 ordinary shares of 10p each in the Company
(the "Repurchased Shares"), pursuant to the share buyback programme
(the "Buyback Programme") that was announced on 9 October 2023,
as follows (together the "Transaction"):
Date of purchase 8 December 2023
Number of ordinary shares purchased 370,403
Highest price paid per ordinary share 66 pence
Lowest price paid per ordinary share 65 pence
Volume weighted average price paid per ordinary share 65.2639 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 339,633,257
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: 8 December 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price (pence)
370,403 65.2639 London Stock Exchange
Individual transactions:
10,000 65.00 pence 08:00 UK
721 65.00 pence 08:53 UK
1,413 65.00 pence 08:53 UK
121 65.00 pence 10:19 UK
3,078 65.00 pence 10:22 UK
2,434 65.00 pence 10:22 UK
2,233 65.00 pence 10:22 UK
10,000 65.00 pence 10:22 UK
1,148 65.00 pence 10:22 UK
2,303 65.00 pence 10:22 UK
6,000 65.00 pence 10:22 UK
464 65.00 pence 10:22 UK
85 65.00 pence 10:22 UK
3,052 65.00 pence 10:22 UK
7,925 65.00 pence 10:22 UK
1,712 65.00 pence 10:22 UK
294 65.00 pence 10:22 UK
69 65.00 pence 10:23 UK
1,076 65.00 pence 10:23 UK
3,306 65.00 pence 10:23 UK
528 65.00 pence 10:23 UK
6,166 65.00 pence 10:23 UK
858 65.00 pence 10:23 UK
501 65.00 pence 10:23 UK
8,641 65.00 pence 10:23 UK
3,231 65.00 pence 10:23 UK
6,769 65.00 pence 10:23 UK
18,231 65.00 pence 10:23 UK
2,673 65.00 pence 10:23 UK
5,770 65.00 pence 10:23 UK
116 65.00 pence 10:23 UK
1,441 65.00 pence 10:23 UK
2,674 65.00 pence 10:23 UK
492 65.00 pence 10:23 UK
1,236 65.00 pence 10:23 UK
2,512 65.00 pence 10:34 UK
1,666 65.00 pence 10:34 UK
1,867 65.00 pence 10:34 UK
457 65.00 pence 10:34 UK
1,770 65.00 pence 10:36 UK
1,185 65.00 pence 10:36 UK
10,000 65.00 pence 10:36 UK
1,000 65.00 pence 10:36 UK
616 65.00 pence 10:36 UK
495 65.00 pence 10:36 UK
7,889 65.00 pence 10:36 UK
458 65.00 pence 10:36 UK
6,682 65.00 pence 10:37 UK
1,048 65.00 pence 10:37 UK
561 65.00 pence 10:37 UK
156 65.00 pence 10:39 UK
1,095 65.00 pence 10:39 UK
1,095 65.00 pence 10:39 UK
202 65.00 pence 10:42 UK
8,703 65.00 pence 10:42 UK
234 65.00 pence 10:43 UK
3,125 65.00 pence 10:43 UK
3,180 65.00 pence 10:45 UK
3,461 65.00 pence 10:45 UK
819 65.00 pence 10:45 UK
1,000 65.00 pence 10:45 UK
8,181 65.00 pence 10:59 UK
11,819 65.00 pence 10:59 UK
1,723 65.00 pence 10:59 UK
2,000 65.00 pence 11:16 UK
3,301 65.40 pence 15:41 UK
678 65.40 pence 15:41 UK
3,098 65.40 pence 15:41 UK
3,238 65.40 pence 15:41 UK
2,813 65.40 pence 15:41 UK
3,144 65.40 pence 15:41 UK
1,119 65.40 pence 15:41 UK
1,065 65.40 pence 15:41 UK
2,722 65.40 pence 15:41 UK
360 65.40 pence 15:41 UK
1,082 65.40 pence 15:44 UK
2,380 65.40 pence 15:44 UK
2,273 65.40 pence 15:49 UK
2,440 65.40 pence 15:49 UK
1,045 65.40 pence 15:49 UK
322 65.40 pence 15:49 UK
890 65.40 pence 15:51 UK
339 65.40 pence 15:51 UK
606 65.40 pence 15:51 UK
940 65.40 pence 15:51 UK
6,369 65.40 pence 15:51 UK
23,070 65.40 pence 15:51 UK
1,592 65.40 pence 15:51 UK
5,717 65.40 pence 15:51 UK
581 65.40 pence 15:51 UK
3,558 65.40 pence 15:51 UK
3,751 65.40 pence 15:51 UK
2,085 65.40 pence 15:51 UK
470 65.40 pence 15:51 UK
5,546 65.40 pence 15:51 UK
498 65.40 pence 15:51 UK
795 65.40 pence 15:51 UK
214 65.40 pence 15:51 UK
1,121 65.40 pence 15:51 UK
5,320 65.40 pence 15:51 UK
152 65.40 pence 15:51 UK
570 65.40 pence 15:52 UK
146 65.40 pence 15:52 UK
278 65.40 pence 15:52 UK
895 65.40 pence 15:52 UK
229 65.40 pence 15:52 UK
3,188 65.40 pence 15:52 UK
2,922 65.20 pence 15:56 UK
1,408 65.20 pence 15:56 UK
2,370 65.20 pence 15:56 UK
755 65.20 pence 15:56 UK
1,027 65.20 pence 15:58 UK
10,000 65.60 pence 16:16 UK
298 65.60 pence 16:16 UK
8,386 66.00 pence 16:24 UK
3,271 66.00 pence 16:24 UK
2,336 66.00 pence 16:24 UK
467 66.00 pence 16:24 UK
403 66.00 pence 16:24 UK
35,000 66.00 pence 16:28 UK
Vertu Motors plc Tel: +44 (0) 191 491 2121
Robert Forrester, CEO
Karen Anderson, CFO
Phil Clark, Investor Relations
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 195 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 191 franchised sales outlets and
4 non-franchised sales operations from 145 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
POSURRWROBUUAAA
(END) Dow Jones Newswires
December 11, 2023 02:00 ET (07:00 GMT)
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