Source - LSE Regulatory
RNS Number : 8742K
Vertu Motors PLC
31 August 2023
 

31 August 2023




Vertu Motors plc

 




("Vertu Motors" or the "Company")





Transaction in Own Shares

 








Vertu Motors plc (AIM: VTU) announces that on 30 August 2023 it purchased 252,778 ordinary shares of 10p each in the Company (the "Repurchased Shares"), pursuant to the share buyback programme (the "Buyback Programme") that was announced on 13 June 2023, as follows (together the "Transaction"):                          





Date of purchase


30 August 2023

Number of ordinary shares purchased

252,778


Highest price paid per ordinary share

69.3 pence

Lowest price paid per ordinary share

68 pence


Volume weighted average price paid per ordinary share

68.3659 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 341,320,584 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 ("Zeus"), are set out below:





Schedule of Purchases: 

 



Shares purchased:        

Vertu Motors plc (ISIN: GB00B1GK4645)

Date of purchases:        

30 August 2023







Aggregate information:

 







Aggregated Volume

Volume-weighted
average price (pence)

Venue

 

252,778

68.3659

London Stock Exchange









Individual transactions:

 







9,064

69.30 pence

08:02 UK


14,524

68.50 pence

09:00 UK


476

68.50 pence

09:01 UK


15,000

68.50 pence

09:01 UK


2,805

68.20 pence

09:57 UK


6,768

68.20 pence

09:57 UK


1,614

68.20 pence

09:57 UK


114

68.20 pence

10:39 UK


1,853

68.20 pence

10:39 UK


5,992

68.20 pence

10:40 UK


10,854

68.20 pence

10:40 UK


8,710

68.00 pence

10:40 UK


1,765

68.00 pence

10:40 UK


1,576

68.00 pence

10:40 UK


449

68.00 pence

10:40 UK


701

68.00 pence

10:40 UK


288

68.00 pence

10:40 UK


51

68.00 pence

10:40 UK


11,399

68.00 pence

10:56 UK


684

68.00 pence

10:56 UK


30

68.00 pence

10:56 UK


48

68.00 pence

11:17 UK


12,500

68.00 pence

11:17 UK


11,135

68.00 pence

11:17 UK


664

68.00 pence

11:17 UK


30,000

68.00 pence

11:51 UK


15,000

68.00 pence

14:10 UK


4,311

68.00 pence

14:10 UK


4,448

68.00 pence

14:10 UK


10,552

68.00 pence

14:11 UK


6,621

68.40 pence

14:24 UK


6,018

69.00 pence

15:40 UK


23,500

69.00 pence

15:40 UK


174

69.00 pence

15:51 UK


5,065

69.00 pence

15:51 UK


1

68.60 pence

16:21 UK


13,917

68.60 pence

16:21 UK


393

68.60 pence

16:21 UK


13,714

69.00 pence

16:35 UK






Vertu Motors plc

 

Tel: +44 (0) 191 491 2121

Robert Forrester, CEO


Karen Anderson, CFO






Zeus (Nominated Adviser and Broker)

Tel: +44 (0) 203 829 5000

Jamie Peel


Andrew Jones


Dominic King








Camarco

 

Tel: +44 (0) 203 757 4983

Billy Clegg




Tom Huddart












Notes to Editors

 



Vertu Motors is the fourth largest automotive retailer in the UK with a network of 189 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 185 franchised sales outlets and 4 non-franchised sales operations from 141 locations across the UK.





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

 

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