Transaction in Own Shares

RNS Number : 9896Q
Vertu Motors PLC
02 November 2021
 

02 November 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 01 November 2021 , it purchased 313,937 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

01 November 2021

Number of ordinary shares purchased

313,937

Highest price paid per ordinary share

61.00 pence

Lowest price paid per ordinary share

61.00 pence

Volume weighted average price paid per ordinary share

61.0000 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 364,651,748 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 November 2021

 

 

 

Aggregate information:

 

 

 

 

Aggregated Volume

Volume-weighted average price (pence)

Venue

313,937

61.00

London Stock Exchange
 

 

 

Individual Transactions:

 

 

 407

61.00 pence

 14:30 UK

 4,439

61.00 pence

 14:35 UK

 4,030

61.00 pence

 14:35 UK

 11,166

61.00 pence

 15:22 UK

 10,000

61.00 pence

 15:22 UK

 5,600

61.00 pence

 15:22 UK

 4,712

61.00 pence

 15:22 UK

 5,288

61.00 pence

 15:45 UK

 5,600

61.00 pence

 15:45 UK

 5,250

61.00 pence

 15:45 UK

 60

61.00 pence

 15:45 UK

 66

61.00 pence

 15:45 UK

 69

61.00 pence

 15:45 UK

 10,000

61.00 pence

 15:45 UK

 5,600

61.00 pence

 15:45 UK

 5,250

61.00 pence

 15:45 UK

 7,910

61.00 pence

 15:45 UK

 2,090

61.00 pence

 15:45 UK

 5,600

61.00 pence

 15:45 UK

 869

61.00 pence

 15:45 UK

 4,381

61.00 pence

 15:46 UK

 10,000

61.00 pence

 15:46 UK

 5,600

61.00 pence

 15:46 UK

 12,264

61.00 pence

 15:46 UK

 7,276

61.00 pence

 15:46 UK

 10,479

61.00 pence

 15:46 UK

 1,906

61.00 pence

 15:46 UK

 2,170

61.00 pence

 15:46 UK

 1,174

61.00 pence

 15:46 UK

 10,000

61.00 pence

 15:46 UK

 3,826

61.00 pence

 15:46 UK

 1,774

61.00 pence

 15:46 UK

 5,250

61.00 pence

 15:46 UK

 249

61.00 pence

 15:46 UK

 5,000

61.00 pence

 15:46 UK

 2,253

61.00 pence

 15:47 UK

 2,080

61.00 pence

 15:49 UK

 418

61.00 pence

 15:50 UK

 1,455

61.00 pence

 15:50 UK

 1,733

61.00 pence

 15:52 UK

 2,412

61.00 pence

 15:52 UK

 5,250

61.00 pence

 15:52 UK

 10,000

61.00 pence

 15:52 UK

 9,427

61.00 pence

 15:52 UK

 10,536

61.00 pence

 15:52 UK

 2,375

61.00 pence

 15:52 UK

 1,733

61.00 pence

 15:53 UK

 3,867

61.00 pence

 15:53 UK

 4,317

61.00 pence

 15:53 UK

 933

61.00 pence

 15:55 UK

 811

61.00 pence

 15:55 UK

 9,189

61.00 pence

 15:55 UK

 5,600

61.00 pence

 15:55 UK

 5,250

61.00 pence

 15:55 UK

 21

61.00 pence

 15:55 UK

 2,056

61.00 pence

 15:55 UK

 2,436

61.00 pence

 15:55 UK

 268

61.00 pence

 15:55 UK

 5,600

61.00 pence

 15:56 UK

 1,248

61.00 pence

 15:56 UK

 1,906

61.00 pence

 15:57 UK

 2,096

61.00 pence

 15:58 UK

 5,600

61.00 pence

 15:58 UK

 10,839

61.00 pence

 15:58 UK

 6,465

61.00 pence

 15:58 UK

 5,250

61.00 pence

 16:00 UK

 5,600

61.00 pence

 16:00 UK

 1,882

61.00 pence

 16:00 UK

 2,165

61.00 pence

 16:16 UK

 1,203

61.00 pence

 16:18 UK

 1,835

61.00 pence

 16:18 UK

 1,734

61.00 pence

 16:23 UK

 738

61.00 pence

 16:25 UK

 1

61.00 pence

 16:35 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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