Transaction in Own Shares

RNS Number : 0271Q
Vertu Motors PLC
25 October 2021
 

25 October 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 22 October 2021 , it purchased 66,637 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 20 August 2021 as follows:

 

Date of purchase

22 October 2021

Number of ordinary shares purchased

66,637

Highest price paid per ordinary share

61.40 pence

Lowest price paid per ordinary share

61.00 pence

Volume weighted average price paid per ordinary share

61.1501 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 366,267,310 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: 

22 October 2021



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

66,637

61.1501

London Stock Exchange

 

 

Individual Transactions:


 

245

61.00 pence

 08:27 UK

 5,606

61.00 pence

 09:04 UK

 6,194

61.00 pence

 09:04 UK

 1,389

61.00 pence

 09:04 UK

 6,194

61.00 pence

 09:04 UK

 4,462

61.00 pence

 09:04 UK

 2,216

61.00 pence

 09:30 UK

 262

61.00 pence

 10:01 UK

 4,159

61.00 pence

 10:01 UK

 738

61.40 pence

 14:53 UK

 1,229

61.40 pence

 14:54 UK

 1,225

61.40 pence

 14:55 UK

 1,306

61.40 pence

 15:00 UK

 1,420

61.40 pence

 15:05 UK

 2,134

61.40 pence

 15:09 UK

 1,422

61.40 pence

 15:10 UK

 1,466

61.40 pence

 15:15 UK

 1,103

61.40 pence

 15:17 UK

 1,290

61.40 pence

 15:20 UK

 1,421

61.40 pence

 15:33 UK

 1,359

61.40 pence

 15:34 UK

 1,419

61.40 pence

 15:35 UK

 1,140

61.40 pence

 15:37 UK

 1,408

61.40 pence

 15:39 UK

 1,269

61.40 pence

 15:40 UK

 1,265

61.40 pence

 15:41 UK

 1,544

61.40 pence

 15:42 UK

 842

61.40 pence

 15:43 UK

 865

61.00 pence

 15:45 UK

 1,459

61.00 pence

 15:45 UK

 1,388

61.00 pence

 15:46 UK

 1,271

61.00 pence

 15:46 UK

 472

61.00 pence

 15:47 UK

 639

61.00 pence

 15:50 UK

 1,496

61.00 pence

 15:50 UK

 1,557

61.00 pence

 15:51 UK

 1,581

61.00 pence

 15:51 UK

 182

61.00 pence

 15:52 UK











 

 



For further information please contact:

 

Vertu Motors plc
Robert Forrester, CEO
Karen Anderson, CFO

Tel: 0191 491 2111
Tel: 0191 491 2112

 

Zeus Capital Limited
Jamie Peel

Andrew Jones

Dominic King

Tel: 020 3829 5000

 

Camarco

Billy Clegg

Tom Huddart

Tel: 020 3757 4983

 

 

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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