Transaction in Own Shares

RNS Number : 4669K
Vertu Motors PLC
02 September 2021
 

02 September 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 01 September 2021 , it purchased 200,175 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 September 2021

Number of ordinary shares purchased

200,175

Highest price paid per ordinary share

55.20 pence

Lowest price paid per ordinary share

54.60 pence

Volume weighted average price paid per ordinary share

55.0255 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 368,392,833 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 September 2021

 

 

 

Aggregate information:

 

 

 

 

Aggregated Volume

Volume-weighted average price (pence)

Venue

200,175

55.0255

London Stock Exchange

 

 

 

Individual transactions:

 

3,081

55.00 pence

 11:37 UK

 6,149

55.00 pence

 11:37 UK

 1,919

55.00 pence

 11:37 UK

 2

55.00 pence

 11:37 UK

 4,000

55.00 pence

 11:37 UK

 998

55.00 pence

 11:37 UK

 545

55.00 pence

 11:38 UK

 2,000

55.00 pence

 11:38 UK

 5,781

55.00 pence

 11:38 UK

 2,455

55.00 pence

 11:38 UK

 9

55.00 pence

 11:38 UK

 5

55.00 pence

 11:38 UK

 1,664

55.00 pence

 11:38 UK

 1,669

55.00 pence

 11:38 UK

 3,322

55.00 pence

 11:38 UK

 2

55.00 pence

 11:38 UK

 4,669

55.00 pence

 11:40 UK

 9,316

55.00 pence

 11:40 UK

 329

55.00 pence

 11:40 UK

 19

55.00 pence

 11:40 UK

 5,029

55.00 pence

 11:40 UK

 4,981

55.00 pence

 11:40 UK

 9,984

55.00 pence

 11:40 UK

 5,000

55.00 pence

 11:40 UK

 4

55.00 pence

 11:40 UK

 4,357

55.00 pence

 11:41 UK

 1,027

55.00 pence

 11:41 UK

 639

55.00 pence

 11:41 UK

 5,000

55.00 pence

 11:43 UK

 5,000

55.00 pence

 11:45 UK

 5,000

55.00 pence

 11:48 UK

 1,045

55.00 pence

 11:48 UK

 5,000

55.00 pence

 11:48 UK

 6,000

54.60 pence

 13:30 UK

 3,723

54.60 pence

 13:39 UK

 5,465

55.20 pence

 14:46 UK

 19,535

55.20 pence

 14:46 UK

 20,000

55.20 pence

 14:56 UK

 5,175

55.00 pence

 15:04 UK

 353

55.00 pence

 15:30 UK

 4,924

55.00 pence

 15:30 UK

 10,000

55.00 pence

 15:44 UK

 10,000

55.00 pence

 16:03 UK

 1,607

55.00 pence

 16:15 UK

 5,489

55.00 pence

 16:17 UK

 7,904

55.00 pence

 16:17 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 155 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 151 franchised sales outlets and 4 non-franchised sales operations from 116 locations across the UK.

 

Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust".

 

Vertu Motors Group websites -   www.vertucareers.com

 

Vertu brand websites - www.vertumotors.com / www.bristolstreet.co.uk / www.macklinmotors.co.uk  

 

 

 

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