Vertu Motors PLC Transaction in Own Shares (6408N)
06 June 2022 - 4:01PM
UK Regulatory
TIDMVTU
RNS Number : 6408N
Vertu Motors PLC
06 June 2022
06 June 2022
Vertu Motors plc
("Vertu Motors" or the "Company")
Transaction in Own Shares
Vertu Motors plc (AIM: VTU) announces that on 01 June 2022 , it
purchased 403,000 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 02 March 2022 as follows:
Date of purchase 01 June 2022
Number of ordinary shares purchased 403,000
Highest price paid per ordinary share 59.10 pence
Lowest price paid per ordinary share 58.60 pence
Volume weighted average price paid per ordinary 58.9745 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
354,117,321 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: 01 June 2022
Aggregate information:
Volume-weighted
Aggregated average price
Volume (pence) Venue
403,000 58.9745 London Stock Exchange
Individual Transactions:
179 58.60 pence 08:05 UK
7,321 58.60 pence 08:05 UK
4,472 58.60 pence 08:05 UK
4,472 58.60 pence 08:05 UK
3,028 58.60 pence 08:05 UK
888 58.60 pence 08:05 UK
1,631 59.00 pence 09:25 UK
3,500 58.90 pence 10:36 UK
6,500 59.10 pence 10:36 UK
13,369 59.00 pence 11:46 UK
2,438 59.00 pence 11:52 UK
3,119 59.00 pence 11:52 UK
10,000 58.90 pence 12:48 UK
2,500 59.00 pence 12:49 UK
7,500 59.00 pence 12:49 UK
300,000 59.00 pence 14:03 UK
1,436 59.00 pence 14:55 UK
647 59.00 pence 15:17 UK
2,111 59.00 pence 15:20 UK
596 59.00 pence 15:20 UK
7,293 59.00 pence 15:32 UK
2,654 58.80 pence 15:34 UK
4,440 58.80 pence 15:34 UK
2,906 59.00 pence 16:28 UK
10,000 59.00 pence 16:29 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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