Vertu Motors PLC

Transaction in Own Shares

RNS Number : 2720W
Vertu Motors PLC
21 December 2021
 

21 December 2021

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 20 December 2021 , it purchased 280,120 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 05 November 2021 as follows:

 

Date of purchase

20 December 2021

Number of ordinary shares purchased

280,120

Highest price paid per ordinary share

66.00 pence

Lowest price paid per ordinary share

65.00 pence

Volume weighted average price paid per ordinary share

65.6724 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 362,556,776 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: 

20 December 2021

 

 

 

Aggregate information:

 

 

 

 

Aggregated Volume

Volume-weighted average price (pence)

Venue

280,120

65.6724


London Stock Exchange
 

 

 

Individual
Transactions:

   

 1,618

65.00 pence

 08:00 UK

 736

65.00 pence

 08:00 UK

 582

65.00 pence

 08:00 UK

 383

65.00 pence

 08:01 UK

 3,618

65.00 pence

 08:01 UK

 1,923

65.00 pence

 08:01 UK

 1,098

65.00 pence

 08:01 UK

 1,963

65.00 pence

 08:01 UK

 1,001

65.00 pence

 08:01 UK

 952

65.00 pence

 08:01 UK

 1,000

65.00 pence

 08:01 UK

 4,001

65.00 pence

 08:01 UK

 698

65.00 pence

 08:12 UK

 2,239

65.00 pence

 09:10 UK

 349

65.00 pence

 09:13 UK

 1,050

65.00 pence

 09:14 UK

 849

65.00 pence

 09:14 UK

 4,688

65.00 pence

 09:14 UK

 713

65.00 pence

 09:15 UK

 647

65.00 pence

 09:17 UK

 1,755

65.00 pence

 09:17 UK

 1,859

65.00 pence

 09:17 UK

 1,964

65.00 pence

 09:17 UK

 1,963

65.00 pence

 09:17 UK

 548

65.00 pence

 09:20 UK

 205

65.00 pence

 09:23 UK

 686

65.00 pence

 09:24 UK

 3,535

65.00 pence

 09:24 UK

 3,202

65.80 pence

 11:30 UK

 23,167

66.00 pence

 15:19 UK

 4,291

66.00 pence

 15:19 UK

 14,209

66.00 pence

 15:19 UK

 333

66.00 pence

 15:19 UK

 4,667

66.00 pence

 15:19 UK

 11,761

66.00 pence

 15:19 UK

 6,047

66.00 pence

 15:19 UK

 67

66.00 pence

 15:19 UK

 5,359

66.00 pence

 15:19 UK

 43,136

66.00 pence

 15:23 UK

 4,411

65.60 pence

 15:45 UK

 4,485

65.60 pence

 16:12 UK

 30,148

65.60 pence

 16:14 UK

 12,362

65.60 pence

 16:14 UK

 11,963

65.60 pence

 16:14 UK

 13,486

65.60 pence

 16:14 UK

 4,369

65.60 pence

 16:14 UK

 13,690

65.60 pence

 16:14 UK

 6,400

65.60 pence

 16:14 UK

 8,208

65.60 pence

 16:14 UK

 6,951

65.60 pence

 16:14 UK

 295

65.60 pence

 16:14 UK

 315

65.60 pence

 16:14 UK

 4,175

65.60 pence

 16:14 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
amie 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 156 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 152 franchised sales outlets and 4 non-franchised sales operations from 120 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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