Source - LSE Regulatory
RNS Number : 0266M
Vertu Motors PLC
19 May 2022
 

19 May 2022

Vertu Motors plc

 

("Vertu Motors" or the "Company")

 

Transaction in Own Shares

 

 

Vertu Motors plc (AIM: VTU) announces that on 18 May 2022, it purchased 148,179 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 02 March 2022 as follows:

 

Date of purchase

18 May 2022

Number of ordinary shares purchased

148,179

Highest price paid per ordinary share

54.80 pence

Lowest price paid per ordinary share

54.60 pence

Volume weighted average price paid per ordinary share

54.7899 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 356,510,631 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:        

18 May 2022



 

Aggregate information:

 




Aggregated Volume

Volume-weighted average price (pence)

Venue

 

148,179

54.7899


London Stock Exchange

 

 

Individual Transactions:

 


 




 

6,500

54.80 pence

 12:12 UK

 1,647

54.80 pence

 12:16 UK

 252

54.80 pence

 12:40 UK

 1,785

54.80 pence

 12:40 UK

 2,816

54.80 pence

 12:40 UK

 1,647

54.80 pence

 12:40 UK

 1,451

54.80 pence

 12:50 UK

 3,402

54.80 pence

 12:50 UK

 1,451

54.80 pence

 12:50 UK

 1,000

54.80 pence

 12:50 UK

 5,500

54.80 pence

 12:50 UK

 419

54.80 pence

 13:00 UK

 1,386

54.80 pence

 13:06 UK

 336

54.80 pence

 14:00 UK

 2,200

54.80 pence

 14:11 UK

 375

54.80 pence

 14:18 UK

 1,000

54.80 pence

 14:18 UK

 784

54.80 pence

 14:24 UK

 7,770

54.80 pence

 14:24 UK

 927

54.80 pence

 14:24 UK

 927

54.80 pence

 14:24 UK

 4,646

54.80 pence

 14:24 UK

 1,779

54.80 pence

 14:24 UK

 2,203

54.80 pence

 16:21 UK

 5,297

54.80 pence

 16:21 UK

 2,203

54.80 pence

 16:21 UK

 597

54.80 pence

 16:21 UK

 1,420

54.80 pence

 16:21 UK

 5,297

54.80 pence

 16:21 UK

 186

54.80 pence

 16:21 UK

 7,314

54.80 pence

 16:21 UK

 103

54.80 pence

 16:21 UK

 933

54.80 pence

 16:21 UK

 2,591

54.80 pence

 16:21 UK

 2,491

54.80 pence

 16:21 UK

 1,382

54.80 pence

 16:21 UK

 664

54.80 pence

 16:21 UK

 911

54.80 pence

 16:22 UK

 3,193

54.80 pence

 16:22 UK

 3,396

54.80 pence

 16:24 UK

 6,500

54.80 pence

 16:24 UK

 9

54.80 pence

 16:24 UK

 1,244

54.80 pence

 16:24 UK

 2,310

54.80 pence

 16:24 UK

 6,500

54.80 pence

 16:24 UK

 741

54.80 pence

 16:24 UK

 3,144

54.80 pence

 16:24 UK

 912

54.80 pence

 16:24 UK

 2,444

54.80 pence

 16:24 UK

 912

54.80 pence

 16:25 UK

 5,588

54.80 pence

 16:25 UK

 1,187

54.80 pence

 16:25 UK

 906

54.80 pence

 16:25 UK

 730

54.80 pence

 16:25 UK

 912

54.80 pence

 16:26 UK

 1,284

54.80 pence

 16:26 UK

 1,015

54.80 pence

 16:26 UK

 264

54.80 pence

 16:26 UK

 154

54.80 pence

 16:26 UK

 48

54.80 pence

 16:27 UK

 2,000

54.80 pence

 16:28 UK

 3,358

54.80 pence

 16:28 UK

 1,142

54.80 pence

 16:28 UK

 746

54.80 pence

 16:29 UK

 806

54.80 pence

 16:29 UK

 907

54.80 pence

 16:29 UK

 756

54.80 pence

 16:29 UK

 1,025

54.80 pence

 16:29 UK

 694

54.80 pence

 16:29 UK

 781

54.80 pence

 16:29 UK

 785

54.80 pence

 16:35 UK

 694

54.80 pence

 16:35 UK

 395

54.60 pence

 15:39 UK

 7,105

54.60 pence

 15:39 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 160 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 156 franchised sales outlets and 4 non-franchised sales operations from 121 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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.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.
 
END
 
 
POSUWUARUNUVAUR
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.