Transaction in Own Shares
Summary by AI BETAClose X
|
27 November 2025 |
|
|
|
||||||||||
|
Vertu Motors plc |
|||||||||||||
|
|
|
|
|
||||||||||
|
("Vertu Motors" or the "Company") |
|||||||||||||
|
|
|
|
|
||||||||||
|
Transaction in Own Shares |
|||||||||||||
|
|
|
|
|
||||||||||
|
Vertu Motors plc (AIM: VTU) announces that on 26 November 2025 it purchased 117,980 ordinary shares of 10p each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 06 February 2025, as follows (together the "Transaction"): |
|||||||||||||
|
|
|
|
|
||||||||||
|
Date of purchase |
26 November 2025 |
||||||||||||
|
Number of ordinary shares purchased |
117,980 |
||||||||||||
|
Highest price paid per ordinary share |
63.000 pence |
||||||||||||
|
Lowest price paid per ordinary share |
62.990 pence |
||||||||||||
|
Volume weighted average price paid per ordinary share |
62.996 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 315,096,267 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.
Since the Group began Share Buybacks in July 2017, over £44.8m has been returned to shareholders, reducing the Company's shares in issue by 20.7% over the same period. |
|||||||||||||
|
|
|
|
|
||||||||||
|
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, Shore Capital Stockbrokers Limited ("Shore Capital"), are set out below: |
|||||||||||||
|
|
|
|
|
||||||||||
|
Schedule of Purchases: |
|
|
|
||||||||||
|
Shares purchased: |
Vertu Motors plc (ISIN: GB00B1GK4645) |
||||||||||||
|
Date of purchases: |
26 November 2025 |
|
|
||||||||||
|
|
|
|
|
||||||||||
|
Aggregate information: |
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
Aggregated Volume |
Volume-weighted |
Venue |
|
||||||||||
|
117,980 |
62.996 pence |
London Stock Exchange |
|||||||||||
|
|
|
|
|
||||||||||
|
Individual transactions:
|
|
|
|
||||||||||
|
63.000 pence 63.000 pence 62.990 pence |
11.23 UK 13.42 UK 15.49 UK |
|
||||||||||
|
|
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
Vertu Motors plc |
|
Tel: +44 (0) 191 491 2121 |
|||||||||||
|
Robert Forrester, CEO |
|
||||||||||||
|
Karen Anderson, CFO Phil Clark, Investor Relations |
|
||||||||||||
|
|
|
|
|||||||||||
|
Stifel (Nominated Adviser and Joint Broker) |
Tel: +44 (0) 207 710 7688 |
||||||||||||
|
Matthew Blawat |
|
|
|||||||||||
|
Callum Stewart |
|
|
|||||||||||
|
|
|
|
|||||||||||
|
Shore Capital (Joint Broker) |
|
Tel: +44 (0) 20 7408 4090 |
|||||||||||
|
Mark Percy / Sophie Collins (Corporate Advisory) |
|
|
|||||||||||
|
Isobel Jones (Corporate Broking) |
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
Camarco |
|
Tel: +44 (0) 203 757 4980 |
|||||||||||
|
Billy Clegg |
|
|
|
||||||||||
|
Tom Huddart |
|
|
|
||||||||||
|
|
|
|
|
||||||||||
|
Notes to Editors |
|
|
|
||||||||||
|
Vertu Motors is the fourth largest automotive retailer in the UK with a network of 194 sales outlets across the UK. |
|||||||||||||
|
|
|
|
|
||||||||||
|
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. |
|||||||||||||
|
|
|
|
|
||||||||||
|
Vertu's Mission Statement is to "deliver an outstanding customer motoring experience through honesty and trust". |
|||||||||||||
|
|
|
|
|
||||||||||
|
Vertu Motors Group websites - https://investors.vertumotors.com / www.vertucareers.com |
|||||||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 20 minutes ago JPMorgan Emerging Markets Growth & Income plc
- 23 minutes ago National Grid
- 58 minutes ago City of London Investment Group
- 1 hour ago BioPharma Credit
- 1 hour ago BioPharma Credit